Nifty Midcap 100 – Showing strength
It has crossed the highs made 4 days back and is close to crossing 2019 highs. Interestingly lot of strong trends in top weights of the index like – InfoEdge, CUB, Tata Global, Au Small Bank
Some more seems to be shaping up well.
Do check the constituents here -
We do expect in the coming year SEBI categorization could change and that could lead for a lot of flows in larger midcaps and larger smallcaps.
In a dip post budget or global dip one can look out for momentum and retest opportunities in some of them. Good time to make a tracking list to buy on corrections.
Similarly one should keep Smallcap Index and weights on radar.,will write a post soon on it.
Do read the disclosure and disclaimer. Do your own research and risk management.
MGL – A retest or blow out ?
GMR Infra – Long term trend change – More momentum on crossing 25-25.5
Ujjivan – Setting up for a breakout above 350-355
Ramco Cements – Breakout done
MRF on verge of a breakout
Federal Bank – Good base done and now starting up.
Apollo Hospitals – a 3-4 year high.
Many other trending names in the midcap 100 – Torrent Power, Tata Global , Balkrishna, IGL , Juilant Food
ONLINE TECHNICAL ANALYSIS TRAINING SESSION planned for February end. If interested please mail to nooreshtech@analyseindia.com . And any suggestions of how the format should be. Will soon put details.
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