Promoter exits and FII selling keeping markets in caution mode: Dipan Mehta

The Indian equity market remains cautious, with the Nifty 50 facing resistance. Dipan Mehta sees potential for a significant rally or correction, emphasizing strong optimism for midcap stocks offering alpha. He expresses caution on IT services’ long-term prospects despite potential trading rallies, while suggesting a steady approach to defense stocks.

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