#CNXMIDCAP
Nifty MidCap 100 Index - Daily Chart Analysis
Current Price: ₹47,915.20 (-2.49%)
Open: ₹48,732.05 | High: ₹48,755.70 | Low: ₹47,485.30 | Close: ₹47,915.20
Key Observations
🔻 Bearish Momentum: The index has dropped by -2.49%, forming a strong red candle.
🔻 Lower Lows Formation: Price action suggests a continued downtrend with consecutive red candles.
🔻 Support Zone:
₹47,500 (Near-term support, already tested intraday)
₹46,800-47,000 (Critical support)
🔺 Resistance Levels:
₹49,500-50,000 (First hurdle for reversal)
₹52,000+ (Major breakout zone)
Trend & Momentum
📉 Bearish Scenario:
If ₹47,500 breaks, further downside toward ₹46,800-46,500 is possible.
MidCap stocks could continue weakness if broader market sentiment remains negative.
📊 Bullish Scenario:
A bounce from ₹47,500 could trigger short-term recovery.
Strong buying interest above ₹49,500 will be needed for a trend reversal.
📌 Watch for:
Rebound signals (Hammer candle, RSI divergence, or volume increase).
Sectoral performance of MidCaps—Any rotation into large-caps?
Current Price: ₹47,915.20 (-2.49%)
Open: ₹48,732.05 | High: ₹48,755.70 | Low: ₹47,485.30 | Close: ₹47,915.20
Key Observations
🔻 Bearish Momentum: The index has dropped by -2.49%, forming a strong red candle.
🔻 Lower Lows Formation: Price action suggests a continued downtrend with consecutive red candles.
🔻 Support Zone:
₹47,500 (Near-term support, already tested intraday)
₹46,800-47,000 (Critical support)
🔺 Resistance Levels:
₹49,500-50,000 (First hurdle for reversal)
₹52,000+ (Major breakout zone)
Trend & Momentum
📉 Bearish Scenario:
If ₹47,500 breaks, further downside toward ₹46,800-46,500 is possible.
MidCap stocks could continue weakness if broader market sentiment remains negative.
📊 Bullish Scenario:
A bounce from ₹47,500 could trigger short-term recovery.
Strong buying interest above ₹49,500 will be needed for a trend reversal.
📌 Watch for:
Rebound signals (Hammer candle, RSI divergence, or volume increase).
Sectoral performance of MidCaps—Any rotation into large-caps?
Automated Tools/Indicators/Screeners available at kkonline.org/nimblrta
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Automated Tools/Indicators/Screeners available at kkonline.org/nimblrta
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.