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
Midcapselect
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.

