Analyst suggests Nifty Smallcap 250 is favorably placed versus Midcap 150
1 report, 1 independent
Updated Tue 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Nandish Shah, a Senior Derivative and Technical Analyst at HDFC Securities, stated that the Nifty Smallcap 250 index appears favorably positioned on charts compared to the Midcap 150 index, and could potentially rally to new highs. On November 3, 2026, the Midcap 150 index rose 0.8 per cent to 21,487, while the Smallcap 250 index rose 0.7 per cent to 17,108.
Why it matters
The commentary reflects technical analysis of the Indian stock market indices, noting that the Midcap 150 index is currently testing its short-term 20-day moving average around 21,400 levels. The Smallcap 250 index is hovering near its long-term 200-day moving average at 16,950.
Who's involved
- HDFC securitiesProvided the technical analysis comparing the two stock indices