Trade Setup for October 22: Can the Nifty protect 24,564 amidst extreme earnings reactions?

The Midcap index is down over 5% in the last one month, not alarming by any means, especially considering the run-up the index has seen over the last 12-18 months, but 78 out of the 100 stocks on the Nifty Midcap index have delivered negative returns during the last one month.

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