Midcap Nifty Select Prediction for 22 July 2024 along with S & R
Midcap Nifty Select Prediction for 22 July 2024 along with Support & Resistance Levels
A negative RSI crossover and Rising Wedge pattern suggest a potential correction; with potential targets on downside 12,100 on intraday basis.
However, the index has initial support at around 12,180-12,100, in case of a time-based correction. If broken, the next support level is at 12,000 being a roundoff number. On the other hand, resistance is at 12,300 and 12,400 to 12,500.
Max Pain: 12,250 PCR: 0.45 IV: 13.91 as on 19-07-2024
The market can witness low volatility. Since, PCR indicates overbought market, Midcap Nifty Select can show bounce back at support levels.
Disclosure: I am not SEBI registered. The information provided is for educational purposes only and should not be considered financial advice. Consult a qualified financial advisor before making any investment decisions. Tweets are neither advice nor endorsements.
A negative RSI crossover and Rising Wedge pattern suggest a potential correction; with potential targets on downside 12,100 on intraday basis.
However, the index has initial support at around 12,180-12,100, in case of a time-based correction. If broken, the next support level is at 12,000 being a roundoff number. On the other hand, resistance is at 12,300 and 12,400 to 12,500.
Max Pain: 12,250 PCR: 0.45 IV: 13.91 as on 19-07-2024
The market can witness low volatility. Since, PCR indicates overbought market, Midcap Nifty Select can show bounce back at support levels.
Disclosure: I am not SEBI registered. The information provided is for educational purposes only and should not be considered financial advice. Consult a qualified financial advisor before making any investment decisions. Tweets are neither advice nor endorsements.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.