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Nifty SmallCap 100 IndexNifty SmallCap 100 IndexNifty SmallCap 100 Index

Nifty SmallCap 100 Index

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CNXSMALLCAP trade ideas

CAN SMALL CAPS RECOVER FROM THE RECENT FALL? A GO-LONG IDEA. Small caps 100 index has fallen nearly 11% reaching a decisive point in its fall. The price is currently resting on or near the daily timeframe's uptrend line (support). The RSI is also at 30.14, which indicates a over sold signal and we may see a bounce very soon. The potential reversal zone formed by ABCD pattern's 1.618 and 2 fib extension acts as a demand zone for the small caps 100 index. Here are the 3 scenarios that could develop, 1) The index may take support from the trendline and go up. Sustaining this trendline could take it to, point B and maybe further until point D. This could shape up into a bearish shark pattern. 2) The index may break the trendline and consolidate in the demand zone. Breaking the the demand zone and passing the pullback test would trigger a massive downfall up to 8600. 3) The index may break the trendline and take support from the demand zone and rise again above the trendline. The point B would be the profit booking point for longs. Summary: Check the price action for some time, if the trendline breaks then wait for it to consolidate in the demand zone and rise or fall eventually. If it sustains above the trendline, you can expect the index to rise 6-12%. The main levels for profit booking are 10300 and 10800. Strict stoploss at 9660. As the pattern develops, we can analyze the index back again for any change in levels. Thank you. This is not invest advice, please consult your financial advisor before investing.
NSE:CNXSMALLCAPLong
by Sanjan91
Is Correction in Small Cap will Continue?As you can see in the chart today Small cap 100 Index has broken it's Rising Trending Line which started in Month on Nov. 2020 at 5700 and from that point we have witness a good upside till 10800. DO remember that whenever we need to take big Jump we have to go back 2 steps. Same is Happening in Small & Midcap Index. Now Major Support on Small Cap is 9300 on Closing Basis on Saying that until unless we won't get close above 10050 It will be in Lower top Lower bottom Formation. Strictly Follow Money Management & Risk Management Rule. Always Remeber Don't be get Emotionally Attached as in Stock Market there is no value of EMOTIONS.
NSE:CNXSMALLCAPShort
by chirag.sanghavi89
Nifty Smallcap - Key SupportThru the entire move the Nifty Smallcap index has always respected and bounced off the 50EMA. Now again its come and touched the 50EMA. Tomm will be critical to see if it can again bounce off this key support level. Plenty of SL's triggered today but plenty of opportunities too.. Don't rush in but wait for the right opportunities to present itself and watch for this key support level. Keep your buying list in place and when the time is right..buy those stocks.
NSE:CNXSMALLCAP
by rdkriplani
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