Small, midcaps correction phase coming to end, time to initiate longs: Nuvama Research

Small and midcaps, D-street’s last year’s outperforming segments, have been in a correction phase since February. However, according to Nuvama Research, this corrective phase has bottomed out and it’s time to initiate longs.

Nuvama Research emphasised that the market has reached an oversold condition at key support levels and that the current situation represents a corrective phase within the ongoing bull market.  This indicates a potential opportunity to initiate long positions.

Nuvama’s top midcap picks include JSW Energy, Dixon,