Real trade right now is in largecaps, but do not expect further downside in mid and smallcaps: Rohit Srivastava

“Both the mid and smallcap indices now are coming very close to the 20-day moving average and that is more significant because that is where we will expect them to get support and bounce back over the next couple of days. For example, the Nifty small cap index 20-day average is at 12,242 and the midcap index is at 39,347, both these levels will hold and we will probably see an uptrend. ”