BSE 400 MID SMALL CAP
Good to see support coming at correct time for BSE MID CAP SMALL CAP 400 index
4936 was the support it held on to it.
Cross the resistance of 5191 to end the correction.
Expect 5330 to be tested and witnessed resistance around it.
Once the next breakout above 5330 is witnessed then expect rise towards 5589.
The higher top and higher bottom sequence remained in tact.
RSI got back above 55.
If RSI does not violate 45 again then expect rally to emerge in near term.
Broad market holding will remain good sign even if front line index tend to get sideways/choppy.
Nifty and Bank Nifty diverging movement or under performance of Bank Nifty holding the market progress further.
Good to see support coming at correct time for BSE MID CAP SMALL CAP 400 index
4936 was the support it held on to it.
Cross the resistance of 5191 to end the correction.
Expect 5330 to be tested and witnessed resistance around it.
Once the next breakout above 5330 is witnessed then expect rise towards 5589.
The higher top and higher bottom sequence remained in tact.
RSI got back above 55.
If RSI does not violate 45 again then expect rally to emerge in near term.
Broad market holding will remain good sign even if front line index tend to get sideways/choppy.
Nifty and Bank Nifty diverging movement or under performance of Bank Nifty holding the market progress further.