Midcap strategy: Sell or Buy? Expert shares tips for Monday
Updated: June 7, 2019 14:35 pm
The BSE Sensex today fell over 200 points in early trade led by losses in financial stocks amid concerns over the state of the NBFC sector. NSE Nifty was 0.43% lower at 11,792.20 at 0412 GMT. Analysts expect that both NSE and BSE are poised to end the week lower after three consecutive weeks of gains. On Friday, the Nifty public sector bank index retreated from losses seen in the previous session, but it was still down by 0.13%, while the private bank index edged 0.6% lower. The midcaps trading in the red today include DHFL, Reliance Capital, Reliance Infra, Quess Corp, Reliance Power, IGL, GSPL, Biocon, Apollo Tyres. With a number of midcaps under stress at the stock market, you may be wondering about the strategy to follow next week. Watch what should be your midcap strategy from technical analyst Simi Bhowmick.