nifty small-cap continues to the bullish trend. It was taken as a support level for 4929.25. the next resistance level is a look to 5327. So the market continued to the next swing.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Only For Education Purpose. Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
As MIdcap index.... again
strategy would be to sell near the bearish level / line...
trading levels defined.....
Happy Trading....
related idea : refer below...
Apollo Tyre has good fundamental and staying strong with NIFTY. Short term target for the stock is market.
the CMP is squeezing which indicates a good uptrend in the stock.
the delivery in stock is only 20% that is a concern for not expecting much in the stock.
fundamentals.
Apollo Tyres reported a 270.5% year-on-year (y-o-y) increase in consolidated net profit...
Nifty Small Cap is still almost 50% down from the high of Jan 2018. Its facing short term resistance in the trend line. Some of the small caps have shown signs of recovery. The index will try to scale back to previous high of 2018 in coming years. Choose a good smallcap with healthy balance sheet and undervalued. Many small caps P/E are available from 8-15. Ride...
