Nifty Midcap 100 is at Monthly parallel channel resistance. In the past Nifty midcap 100 monthly RSI has crossed 79, 7 times and every time we have seen a descent correction. Currently, the Monthly RSI is near 78 again. Year Correction 2004 27% 2005 13% 2006 38% 2008 68% 2015 16% 2018 50% 2022 25%
The Nifty Midcap space has shown constant Green candles for the past 6 months. If not correction we may at least see some pullback months.