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INDEX OUTLOOKMARKET OUTLOOKNIFTY MIDCAP 100

NIFTY MIDCAP 100 Outlook for the Week (October 16, 2023 – October 20, 2023)

NIFTY MIDCAP 100
NIFTY MIDCAP 100
NIFTY MIDCAP 100 closed the previous week on a negative note losing 2.69%.

Technically, NIFTY MIDCAP 100 share price will see immediate support at 39,850.18 and immediate resistance would be seen at 40,946.63.

If NIFTY MIDCAP 100 share price closes below immediate support of 39,850.18, then sharp breakdown can be seen. NIFTY MIDCAP 100 share price will see major support at 39,194.22 for the week.

On the positive side, immediate resistance will be seen at 40,946.63. Closing above 40,946.63, NIFTY MIDCAP 100 share price will see a sharp breakout. Major resistance for NIFTY MIDCAP 100 share price will be seen at 41,387.12 for the week.

Trading range for NIFTY MIDCAP 100 share price for this week should be between 38,753.73 on down side and 42,043.08 on up side.

NIFTY MIDCAP 100 Previous Week High: 40731.15

NIFTY MIDCAP 100 Previous Week Low: 39634.7

NIFTY MIDCAP 100 Previous Week Range: 1096.45 Points

NIFTY MIDCAP 100 share price support and resistance for the week (October 16, 2023 – October 20, 2023)

Level Type Value
Resistance 3 42,043.08
Resistance 2 41,387.12
Resistance 1 40,946.63
Support 1 39,850.18
Support 2 39,194.22
Support 3 38,753.73
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