Small & midcaps in a bear market; Nifty could head towards 10,300 by Dec 2019
Traders should not catch a falling knife as maximum losses can be made at such times. The Mid and smallcap indices are in a bear market since they have been facing tough times for over a year now, Umesh Mehta, Head of Research, SAMCO Securities. Edited excerpts: Q) Nifty broke below crucial support levels in the week gone by and was on the verge of turning negative for the year 2019. Since the Budget day, investors have lost more than Rs 13 lakh crore on the BSE. What is the way ahead for markets? A) Indian markets have witnessed a vertical waterfall in the past few weeks and going ahead things don’t seem too rosy for D-Street. The Mid and smallcap indices are in a bear market since they have been facing tough times for over a year now, Umesh Mehta, Head of Research, SAMCO Securities. Edited excerpts: Q) Nifty broke below crucial support levels in the week gone by and was on the verge of turning negative for the year 2019. Since the Budg...