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Inference & Expectations

* On the weekly scale, the index has formed a base around the 26-week EMA and continues to sustain above the 25,150 swing top, reflecting a constructive price structure. It is now on the verge of a breakout from a Cup & Handle formation — a bullish continuation pattern that signals the potential for further upside. The weekly RSI is trending higher, currently at 59 and inching toward the 60 mark, indicating improving momentum. Breadth also supports the bullish outlook, with 40 out of 50 constituents trading above their 20-day EMA, meaning 80% of the stocks are firmly positioned above their short-term average, highlighting strong participation.

* For Traders: Long positions may be considered at current market price. Then index holds upside potential towards 25800 (1.87%) and 26277(3.75%). To manage risk effectively, a stop-loss should be placed at 25100 on a closing basis.

* For Investors: Investors can consider accumulating at 25000-24700 zone. The target for this investment is set at 27000 level, offering significant upside potential.

Observation

* The Nifty Midcap 150 index is currently just 2.72% below its all-time high, with the ongoing monthly candle recovering the prior month’s weakness and reaffirming the strength of the broader uptrend.

* On the weekly scale, the index has formed a Cup & Handle chart pattern, a bullish continuation setup. It is now on the verge of a breakout, indicating robust structural development on the higher timeframes

* The index is displaying encouraging signals, supported by a positive RSI divergence and three consecutive bullish candlestick formations that highlight steady price improvement.

* Market breadth also reinforces this view, with 113 stocks trading above their 20-day EMA against only 36 below, underscoring broad -based participation and pointing to sustained momentum towards new highs.

Inference & Expectations

* Based on the overall price structure and the evidence supported by indicators, it can be inferred that the NIFTY MIDCAP 150 Index trend is positive.

* We expect the Index to remain positive with the potential upside would be 23800 and 25700 level.

* Our view will be negated if we see prices sustaining below 20700.

* Stock To Watch: UNIONBANK, KEI, BHEL, ASHOKLEY.

Observation

* The Smallcap 250 index is currently 6% away from its all-time high, with the ongoing month reflecting strong bullish momentum following a positive reversal from its 12-month EMA.

* On the weekly scale, the index has formed an inverted head-andshoulders pattern and is now approaching its neckline, signaling constructive price structural development.

* On the daily timeframe, it continues to sustain firmly above all key moving averages — 5, 12, 26, and 50 DEMA — highlighting the strength of the prevailing trend. The weekly RSI indicator is gradually inching higher toward the 60 mark, confirming a steady pickup in bullish momentum.

* Breadth also remains supportive, with 179 out of 250 stocks trading above their 20-day EMA while only 70 are below, underscoring robust participation and a healthy underlying trend.

Inference & Expectations

* Looking at the overall structure of prices and the evidence provided by indicator we can infer that the NIFTY SMLCAP 250 is in positive trend.

* Going ahead we expect the Index to remain positive above 17750 and potential upside would be 18800 & 22000 level.

* Our bullish view will be negated below 16500 mark.

* Stock To Watch: GMDCLTD, CHOLAHLDNG, LTFOODS, LAURUSLABS.

SEBI Registration number is INH000000081.

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