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Midcapindex

NIFTY MIDCAP DIVERGENCENSE: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 Index Nifty 50. Inter-market Divergence is not sign of healthy trend. Longer the time the divergence prevails it leads to trend reversal. As Nifty and Bank Nifty are near the Highs along with other Indices. Broader Market Indices and stocks shall pick up the trend now.
NSE:NIFTYEducation
by TrendonomicsHD
1
Mid Cap : Is it an early signal for broad bearish trend ?CNX Mid cap Index is consolidating in 18500-16000 range. Falling trendline should provide resistance at the upper level. H&S pattern is clearly visible on daily and weekly chart which is also supported by death cross (50 DEMA below 200 DEMA). Target of H&S is 13300 but we can see visible support at 13600 (arrow). ADX is showing mixed trend for market as both +DI &-DI are reading at 30-31. Trader should treat this bounce as continuation of sideways to downward trend. Reversal from downward trend will be only on close above 18500. Any bounce towards 17700-18000 range should be used to create short with stop loss of 18500(daily closing) for target of 13600. Support is at 16200.
NSE:CNXMIDCAPShort
by UnknownUnicorn4260559
MIDCAP MANIA MIGHT COME TO A TEMPORARY HALT!!!Midcaps have had a smart up move since the past fortnight and the Midcap index has reached a level where in it had faced resistance and went through distribution and gave way. Today at the day's close, it reached the same level and formed a Doji kind of pattern which indicated indecisiveness. The Rsi has reached a level where in a pullback on the downside might not be ruled out. Also on MACD , as it is a lagging indicator you might see it converging on the down side in the days to come. There is a possibility the index might move up a bit or stay sideways but a lot of Midcaps gave way in today's trade and that could be an indication of things to come. Be safe , book your profits!
NSE:NIFTYMIDCAP50Education
by thechama3