In the last one month of consolidation at the level of Nifty and Sensex, bulls have not given control of one space “ mid-cap space”. The internal breadth of the majority of sectoral indices are on the positive side on most of the day even when nifty is correcting.
While there is no doubt that some froth is getting built up in the midcap space, due to high liquidity, both from the global side and domestic side. However, some of these stocks are
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