Nifty 50 Chart
Both long-term trend lines - TL1 and TL2 - are intact. Current level of TL2 is at 10800 - which may get Breached. Strong Support exists at 10000. If that gets breached, then a drop to 9000 is possible.
Nifty Midcap 100 Chart
Long-term uptrend line TL1 is intact, but TL2 has been breached. The index is at a support level now. If that gets breached, a fall to 14000 is possible.
Nifty Smallcap 100 chart
Long-term uptrend line TL1 is intact, but TL2 has been breached. The index is at a strong support level now. If that gets breached, a fall to 4500 is possible.
This may be a good time to look for selective opportunities in growth-oriented mid cap and small cap companies with strong balance sheets.
Both long-term trend lines - TL1 and TL2 - are intact. Current level of TL2 is at 10800 - which may get Breached. Strong Support exists at 10000. If that gets breached, then a drop to 9000 is possible.
Nifty Midcap 100 Chart
Long-term uptrend line TL1 is intact, but TL2 has been breached. The index is at a support level now. If that gets breached, a fall to 14000 is possible.
Nifty Smallcap 100 chart
Long-term uptrend line TL1 is intact, but TL2 has been breached. The index is at a strong support level now. If that gets breached, a fall to 4500 is possible.
This may be a good time to look for selective opportunities in growth-oriented mid cap and small cap companies with strong balance sheets.
This post first appeared on Stock Market Charts | India Mutual Funds Investmen, please read the originial post: here
