Mid Cap Index (NIFTYMIDCAP50) day chart analysis
The Nifty midcap50 trading near support on daily chart last time also bounce from this level and now again Midcap index can bounce from 4,300 level. Midcap near support this is good for Index but Nifty and Banknifty not near support this can cause of downside in midcap. Midcap can break these support if Nifty try to catch support. Midcap index facing resistance at...
NiFTY MIDCAP 50 Minors and Majors Levels always rememebers For Long term and Short Term. Let c .......... Stay Tuned....!! Learn Here , Earn EverWhere
One can look the pattern repeats it self and no need to explain much Professionals tend to take note of every detail when they look in the charts and also Fundamental , They tend to have Knowledge of On Going issues and relationship with Scrip based valuation and de-valuation , Most enter to stock market to make money but when they starts seeing the Money is...
Midcap index took out the 4700 support. Next gann support is another 12-14% lower. It has felt like carnage in the space but can get much worse. Bulls (if any left) need to be cautious
The log-normal monthly chart of NSE Midcap 50.
For future reference
NIFTYMIDCAP50 day chart study. Buying opportunity coming up in the range of 4500-4450
Market breath is not with Nifty50. We have clear selloff in overall market while banks are holding nifty and banknifty. (Mostly till jan Expiry)
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Nifty MIDCAP might give a big breakout above 4853. Please feel free to share your thoughts and analysis in the comments!