December 20, 2014

Comparison of nifty, midcap and small cap charts

NIFTY trend is down and will reverse on close above 8630. Formation of lower swing high is expected.

NIFTY JUNIOR is trending down after it broke 18100

Midcap index is downtrend ever since it closed below 12100.

Small cap index is in corrective from JUL 2014 and has not made any new high since then. Currently it is a trading in range defined by 4700 and 5400 levels.

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