NIFTY MIDCAP150

NIFTY MIDCAP150 is trading at a crucial make or break level and is consolidating in an Inside bar candle.

The midcap index witnessed a strong bounce from 50-day SMA on the last trading session and a similar bounce was seen in the Small Cap index too.

The breakdown from H&S pattern may be witnessed below 8550 level, which may extend further weakness on the downside.

However further momentum on the upside to be seen above 9020 level.

Keep a close watch.