NIFTY MID CAP SPOT CMP 47500 Weekly time frame Ascending parallel channel structure Index is trading around resistance zone as per structure trend line Equivalent measured move done which confluence around resistance zone as per channel Bearish divergence on RSI with respect to price action. Fibbo extension of 2.618% done which is the max extension in history of index..
Time to take profit in mid caps and switch to cash. Caution ahead..