souravgupta268

CAUTION ON NIFTY MIDCAP 100

Short
NSE:CNXMIDCAP   NIFTY MIDCAP 100
NIFTY midcap index has hit trendline resistance of 2008 -2018. after touching these levels in the past the small cap index has corrected very sharply. one should book profits and lighten their positions. the RSI has also reached close to 80 levels on the monthly charts. it indicates it has been overbought