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INDEX OUTLOOKMARKET OUTLOOKNIFTY MIDCAP 100

NIFTY MIDCAP 100 Outlook for the Week (February 19, 2024 – February 23, 2024)

NIFTY MIDCAP 100
NIFTY MIDCAP 100
NIFTY MIDCAP 100 closed the previous week on a negative note losing 4.61%.

Technically, NIFTY MIDCAP 100 share price will see immediate support at 47,646.77 and immediate resistance would be seen at 49,913.62.

If NIFTY MIDCAP 100 share price closes below immediate support of 47,646.77, then sharp breakdown can be seen. NIFTY MIDCAP 100 share price will see major support at 46,161.58 for the week.

50000.0050000.0049500.0049500.0049000.0049000.0048500.0048500.0048000.0048000.0047500.0047500.0047000.0047000.0046500.0046500.0046000.0046000.0045500.0045500.00Jan 5Jan 5Jan 10Jan 10Jan 15Jan 15Jan 18Jan 18Jan 23Jan 23Jan 29Jan 29Feb 1Feb 1Feb 6Feb 6Feb 9Feb 9Feb 14Feb 14Reversal Level 48214.81BuyBuyBuySellSellSell

On the positive side, immediate resistance will be seen at 49,913.62. Closing above 49,913.62, NIFTY MIDCAP 100 share price will see a sharp breakout. Major resistance for NIFTY MIDCAP 100 share price will be seen at 50,695.28 for the week.

Trading range for NIFTY MIDCAP 100 share price for this week should be between 45,379.92 on down side and 52,180.47 on up side.

NIFTY MIDCAP 100 Previous Week High: 49210.1

NIFTY MIDCAP 100 Previous Week Low: 46943.25

NIFTY MIDCAP 100 Previous Week Range: 2266.85 Points

NIFTY MIDCAP 100 share price support and resistance for the week (February 19, 2024 – February 23, 2024)

Level Type Value
Resistance 3 52,180.47
Resistance 2 50,695.28
Resistance 1 49,913.62
Support 1 47,646.77
Support 2 46,161.58
Support 3 45,379.92
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