After #BlockBuster Move, What Next? How Far Indices Will Travel in Next 2-3 Months? When to Expect Next Major Resistance?
Looking At All Different MarketCap Indices Provides Clues.
Lets Start With #CNXSMALLCAP Weekly
Same Structure As SmallCap Index
Resistance At 17200-17500
CMP 16745
Upside of 3-5% before Facing Hurdle
In Symmutrical Traingle Consolidation With Clearly Defined Resistance at 9900
CMP 9486
Upside Of 4% Before Facing Resistance
All These Indices Can't Rise If There Is No Follow-up In Nifty , So if All These Indices Suggesting Upside of 4-6% Before Facing Resistance, Nifty Can Easily Challenge ATH at 12100 And Probably Face Resistance Around Upper Resistance Line 12200