NSE:NIFTY NSE:CNXMIDCAP NSE:CNXSMALLCAP Diverging for couple of days. Ideally the broad market shall start picking up.
While Nifty is getting selling pressure near the Highs today. Midcap and Smallcap Index getting buying near support zone.
Midcap and Smallcap shall start picking up from here on.
The Broader Market Indices must converge with the Mainstream...
This chart represents NIFTY/CNXSMALLCAP every time the ratio hits this trendline smallcap are likely to fall until the ratio break the trendline downside!
In this Reliance 15mins chart we can find wide and narrow CPR both back to back... Please follow the CPR method for Intraday trades. Stop Loss will be affordable and sizable with a bigger reward. Please back test wide and narrow CPR in your favourite charts and write back to me on this topic . NEXT is Virgin CPR which is the most important topic!!! Keep learning...
MIDCAP 100 index has been in a trading range from the past one month.
This is very unusual for this index as it normally tends to be very volatile.
Midcaps have been weak all through this 900 point nifty rally so a correction in Nifty may trigger a deep correction in Midcap stocks.
Watchout for a breakout on either side....
