Source : The Nifty Midcap index outperformance over the Nifty 50 is set to be the highest in 20 years
This is generally considered a good sign when nifty is consolidating while the broader market is doing well.
We all saw the 2004-7 bull run, another bull run in small n midcaps between 2014 to early 2018
But we also saw market topping out in 2021 when such outperformance in broader market was seen.
While both of the scenarios are possible as always in markets, this is a good sign as cash market volumes have surged drastically by 50% on a monthly basis in BSE segment while NSE saw flat growth of 3%.
BSE’s cash volumes are at 30 month highs indicating the underlying bullishness in broader markets.
Your expectation and thoughts for the rest of the year?
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Yes you are right, Midcap 100 gap is widening.
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Did you consider only August month or it’s just a coincidence that it always outperforms in august only?
There has been a big rally in nifty microcap index, so money is flowing in small and microcap space .A correction is pending
I think they have taken YTD till august for all years for comparison sake with 2023
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Nifty Midcap RSI now at 15 year peaks
Time to be cautious. Not a shorting advice. But fresh longs here are risky
Time for large caps to take it forward from here? 20k. 20k. 
Muh me ghee shakkar Jason bro (I hope ur words are true. )
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Personally I do not want 20k before going to 19k. Hahahaha. I have not loaded enough yet. 
Don’t worry dude, either a crash or a very long consolidation will happen. But since consolidation mean there will be a strong buy/selling spree at the end of it, a crash seems only sanest here.
And on what basis are you saying this?
The whole world is in debt and our markets are not technically correct.
So what should be the right value of nifty according to you?
I can not say that. Technically debt means there’s no money, so realistically ground-level zero for US and other countries shall rid the dependence on USD to save what’s left of theirs. How much borrowing can happen when there’s no money?
