According to Nifty Technical Outlook on June 10, momentum indicators suggest a positive trend as Nifty remains above its long-term and short-term moving averages.

Retail inflation data and earnings crucial; profit booking Continues; positive global cues; crude oil rising; gold expected to increase on interest rate hopes

What should you do to diversify your portfolio if you have been investing in large cap funds for a pretty long period, say six years? What are the pros and cons of investing in mutual funds tracking midcap indices?