Largecaps to outperform small & midcaps in short term: Vinay Rajani

On August 24, Nifty registered an all-time high of 16,624 on a closing basis. For the last three trading sessions, Nifty has been registering higher lows, which indicates strength in the short term trend. After falling more than 10% from the month's high, Smallcap index showed pullback. However, we continue to believe that Largecaps would continue to outperform the small and midcap segment in the short term. Nifty is expected to surpass the intraday all-time high of 16,702. Longs should be held in Nifty with trailing stop loss. At present, stop loss should be kept at 16,400.

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