JM Financial Warns Midcap Stocks Weakening Amid Market Shift
JM Financial reports that only 15% of midcap stocks are trading above their 50-day moving average, indicating weakening leadership in midcap and smallcap segments. While largecaps show early signs of recovery, market breadth is deteriorating sharply. The Nifty index holding above 22,000 may trigger a rebound, but falling below this level risks a decline towards 20,500, urging investor caution.
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