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S&P BSE 400 MidSmallCap IndexS&P BSE 400 MidSmallCap IndexS&P BSE 400 MidSmallCap Index

S&P BSE 400 MidSmallCap Index

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MSL400 trade ideas

BSE 400 MID SMALL CAPBSE 400 MID SMALL CAP Negative divergence on RSI Resistance of 6118 and 6128. Resistance needs to get crossed for continuation of rising trend. Violation of trend line with bearish candle can lead to a reversal for correction to test the one of 5800. Trend line are around 6000. Volatility as long as 6000 is not violated with larger bearish candle its ok. Breakdown with bearish candle or large bear candle can be confirmtion of negatative divergence. Next few days can be critical.
BSE:MSL400
by hitendravasudeo
bse 400 mid cal small cap BSE 400 MID SMALL CAP After a struggle to keep the index above 4936 level of support. The index manage to move up. It outperformed Nifty/Sensex. It is back to test the earlier peak of 5330. Once again a crucial test. A shooting star at the peak. Breakout and close above 5330 is essential now. Any lower high and lower low tomorrow below today low of 5286. A close below 5286 will put a drag on broad market mid and small cap. The mid and small cap stocks are firing. For the market in totality needs that breakout above 5330. A close above with bullish candle and strong volumes will be added privelge. If that happens then expect a mid/small cap rally to 5589. This will help the sentiment booster for the market. Market Problems: Divergence between Nifty and Bank Nifty. Under performance of Bank Nifty. Put the drag on Nifty. Even if Nifty want to move higher it has done with lower weight stocks. Large weight stocks like Bank, Finance, Reliance has been on subdued side. IT, METALS, CEMENT, PHARMA trying to hold the slide against the heavy weight BANKING and RELIANCE. In this situation if BSE 400 MID SMALL CAP make a breakout good trading and short term returns will be witnessed in mid/small cap which will still help to make money.
BSE:MSL400
by hitendravasudeo
bse 400 mid cap and small capBSE 400 MID SMALL CAP Good to see support coming at correct time for BSE MID CAP SMALL CAP 400 index 4936 was the support it held on to it. Cross the resistance of 5191 to end the correction. Expect 5330 to be tested and witnessed resistance around it. Once the next breakout above 5330 is witnessed then expect rise towards 5589. The higher top and higher bottom sequence remained in tact. RSI got back above 55. If RSI does not violate 45 again then expect rally to emerge in near term. Broad market holding will remain good sign even if front line index tend to get sideways/choppy. Nifty and Bank Nifty diverging movement or under performance of Bank Nifty holding the market progress further.
BSE:MSL400
by hitendravasudeo