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Midcapselect

MIDCAP SELECTHappy New Year 2026 Hello & welcome to this analysis The Midcap Select index has been sideways full December and might remain so for a few more days till it completes a triangle. Leg D of this triangle could end near 13850-13900 followed by leg E that could retrace till 13700-650 to complete it formation (time wise correction) The triangle structure will be invalid if either the current up move goes above 14000 without a pullback or the expected decline in leg E goes below 13575 The expected upside level post completion of triangle is approx 14300 All the best
NSE:NIFTY_MID_SELECTLong
by Dinesh_C_Nagpal
Nifty MidCap Index short term targets The Nifty MidCap Select Index is currently trading at 11,198.90, down 1.69% for the session ,despite the short-term downtrend, the index recently rebounded from a key support zone (10490 – 10390) if this level holds next week then their is chances of up side . Important Resistance Levels Immediate Resistance1 : 11,600 – A breakout above this level may indicate further bullish momentum towards 11,800 – 11,830. Resistance2 : 11,800 – 11,830 – A significant supply zone where sellers may step in. Major Resistance1: 12,100 – 12,170 Important Support Levels Support1 : 11,068.60 – 11,015.55 – The key support zone holding the index. Major Support1: 10,390 – 10,493.55 – A strong demand zone where buyers may re-enter. Extended Support: 10,060.20 – 9,995.05 – A strong demand zone Extension where buyers may re-enter.
NSE:NIFTY_MID_SELECTShort
by manojshinde27