After a struggle to keep the index above 4936 level of support.
The index manage to move up.
It outperformed Nifty /Sensex.
It is back to test the earlier peak of 5330.
Once again a crucial test.
A at the peak.
Breakout and close above 5330 is essential now.
Any lower high and lower low tomorrow below today low of 5286.
A close below 5286 will put a drag on broad market mid and small cap.
The mid and small cap stocks are firing.
For the market in totality needs that breakout above 5330.
A close above with candle and strong volumes will be added privelge.
If that happens then expect a mid/small cap rally to 5589.
This will help the sentiment booster for the market.
Divergence between Nifty and Bank Nifty .
Under performance of Bank Nifty .
Put the drag on Nifty .
Even if Nifty want to move higher it has done with lower
Large weight stocks like Bank, Finance, Reliance has been on subdued side.
IT, METALS, CEMENT, PHARMA trying to hold the slide
against the heavy weight BANKING and RELIANCE.
In this situation if
BSE 400 MID SMALL CAP make a breakout
good trading and short term returns will be witnessed
in mid/small cap which will still help to make money.