August 12, 2014

Question: is mid cap rally over

Question: is mid cap rally over?


Answer: this is a question which is on every one's mind.

While one cannot give a definitive clear cut yes/no kind of an answer, one can certainly look at what the midcap index chart is saying.

The chart clearly shows that the trend is still up even as the index is consolidating for past 2-3 months. Now a bearish view or the view that rally is over will be considered only when the index closes below 10400.

In other words, consider trend as up as long index holds above 10400.

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