The stock market exhibited signs of strength and resilience on September 29 as several large and midcap stocks crossed their 200-day Simple Moving Averages (SMA).
The recent correction has made valuation of large-caps attractive, while the premium valuation of the mid-cap index is a concern, said the firm s head of equity research Pramod Amthe in a note.
Bull vs Bear: Are the Best Equity Opportunities in SMIDcaps? etftrends.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etftrends.com Daily Mail and Mail on Sunday newspapers.
In a remarkable show of strength and resilience, both large and small-cap stocks reached unprecedented milestones on September 26, setting new all-time highs.