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INDEX OUTLOOKMARKET OUTLOOKNIFTY MIDCAP 100

NIFTY MIDCAP 100 Outlook for the Week (January 29, 2024 – February 02, 2024)

NIFTY MIDCAP 100
NIFTY MIDCAP 100
NIFTY MIDCAP 100 closed the previous week on a negative note losing 4.98%.

Technically, NIFTY MIDCAP 100 share price will see immediate support at 46,028.68 and immediate resistance would be seen at 48,441.28.

If NIFTY MIDCAP 100 share price closes below immediate support of 46,028.68, then sharp breakdown can be seen. NIFTY MIDCAP 100 share price will see major support at 44,848.72 for the week.

49000.0049000.0048000.0048000.0047000.0047000.0046000.0046000.0045000.0045000.0044000.0044000.0043000.0043000.00Dec 14Dec 14Dec 19Dec 19Dec 22Dec 22Dec 28Dec 28Jan 2Jan 2Jan 5Jan 5Jan 10Jan 10Jan 15Jan 15Jan 18Jan 18Jan 23Jan 23Reversal Level 47688.61BuyBuySellSellSell

On the positive side, immediate resistance will be seen at 48,441.28. Closing above 48,441.28, NIFTY MIDCAP 100 share price will see a sharp breakout. Major resistance for NIFTY MIDCAP 100 share price will be seen at 49,673.92 for the week.

Trading range for NIFTY MIDCAP 100 share price for this week should be between 43,616.08 on down side and 50,853.88 on up side.

NIFTY MIDCAP 100 Previous Week High: 48493.95

NIFTY MIDCAP 100 Previous Week Low: 46081.35

NIFTY MIDCAP 100 Previous Week Range: 2412.6 Points

NIFTY MIDCAP 100 share price support and resistance for the week (January 29, 2024 – February 02, 2024)

Level Type Value
Resistance 3 50,853.88
Resistance 2 49,673.92
Resistance 1 48,441.28
Support 1 46,028.68
Support 2 44,848.72
Support 3 43,616.08
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