CDSL, KPIL, Brigade: 4 midcap stocks that can fall over 14% from here

The key momentum oscillators of these four NSE smallcap stocks are showing a negative divergence; hence these stocks are likely to trade with a downward bias in the near term.

Equity benchmark indices are seen quoting at record high levels in recent days on optimism over economic growth forecast and reforms. The NSE Nifty 50 index has gained nearly 5 per cent so far in this month, and has rallied 8.5 per cent thus far in 2024.

Broader indices have outperformed the benchmark indices. The NSE MidCap index has soared nearly 8 per cent so far in June, and is up almost 22 per cent in less than six months in this calendar year.

Given the phenomenal run in the market, several stocks are seen trading in overheated territory and