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Small and midcap indices could rally 10-15% in next two quarters, says Samco Securities

Updated : February 19, 2019 06:26 AM IST

Small and mid-cap stocks have been correcting since more than a year now and the recent decline suggests they are nearing a bottom from an intermediate time perspective.
Bank Nifty is expected to remain under pressure but the larger consolidation with time correction is expected. For traders, the choppiness will be a nightmare and the index should be avoided.
Private sector banks should be avoided from a short-term point of view. Additionally, the Indian rupee will be in a non-directional mode at least till elections.
Small and midcap indices could rally 10-15% in next two quarters, says Samco Securities

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