Feb 16, 2017 08:31 AM IST | Source: Moneycontrol.com

Midcaps vulnerable now

In the midcaps book out now because tell-tale warning signs were visible with the way 10 F&O stocks were in ban, India VIX was at 11, so for me those two would always remain the most classical indicators of a midcap topping out.

The market is bit under the weather just like I am off late, but I tell you something and I don’t know if you recall that the point I am made last week was that in the midcaps book out now because tell-tale warning signs were visible with the way 10 F&O stocks were in ban, India VIX was at 11, so for me those two would always remain the most classical indicators of a midcap topping out.

This is healthy for the market now that you are seeing and I tell you something when the markets go through this phase Thursday’s and Friday’s are reserved for midcap punishment and that normally flushes out a lot of weak hands.

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