The Nifty Midcap 100 index is hovering below the key 60,938 resistance, with analyst Rajneesh Sharma spotting signs of a breakout. Shallow pullbacks and a flattening gold-to-midcap ratio indicate rising risk appetite. A move above 60,938 could lead to record highs, while support lies at 55,313 and 50,597. Index is up 4% YTD.