Be cautious in midcaps

Be extremely careful about the kind of trades that you enter right now. There is a temptation to look at the Nifty at all-time high. It is hiding a lot of things.

Midcaps have started second round of deleveraging, get out of leveraged positions, raise cash levels, if you have been in midcaps and have made a lot of money, it will not hurt you because the market has given you enough messages.

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