If Nifty breaks below 18,130, we may go below June lows, says Jai Bala
“Nifty Smallcap 50 and the Nifty Smallcap 250 they are off the all time highs from somewhere between 8% and 21% depending on which index one is looking at. They have already been underperforming and once the heavyweights start dragging the markets lower, the underperformance of the broader markets will continue. Once things start turning down for the largecaps, the selling in the broader markets could get more intense.”
