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Smallcapindex

NIFTY SMALL CAP 100 Hello & welcome to this analysis on the index The index has had a dream run since April of this year. What lies ahead? Does it continue its outperformance or does it lose its shine and starts seeing profit booking? Currently at a resistance in higher time frame with support quite far. The Dec quarterly candle and the Jan monthly candle will give clarity for what is to come. One should avoid fresh aggression at current levels in it and set trail stop loss triggers based on risk appetite at this juncture. Happy Investing
NSE:CNXSMALLCAP
by Dinesh_C_Nagpal
3
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
Analysis of IWM(Russell 2000)Disclaimer - I don't share of IWM ETF. This analysis is not a trading or investment recommendation & is only for educational purpose. 1.IWM has been in a lower high lower low structure after the false break out. 2.The long consolidation support area was broken indicating that the activity during consolidation was distribution. 3.IWM has paused its downtrend & has formed a 1-2-3 structure & also evidenced through positive RSI divergence. 4.However, the current up move from a low of 188.09 is not backed by an increase in volume but a negative volume divergence has been seen which is not desired during a trend reversal. 5. Immediate major points of resistance are: a) around 204 which is point#2 of the 1-2-3 structure. b) followed by the $208 level which is the bottom of the consolidation area that has turned from support into resistance. c) 200DMA around $222 d) Last major lower high around $227 e) Consolidation high around $233 f) False break out high around $245. Those following harmonics would also notice that IWM has formed a 1.618AB = CD pattern Finally, a breakout above $245 starts a brand-new up trend from the Russell. If IWM crosses the $222-$230 area & sustains itself above the 200DMA, we could see a change in the overall trend from negative to positive however it will still face strong headwinds from the resistances above $230. All the best!
AMEX:IWM
by Venkat_014