Midcap 100 index has completed its downside price objectives 16080-17056 range on downside from 21840 levels.
What next ?
We can either see a consolidation period with state and general elections lined up in next 6 months which can see a final flush to 14100 ( outside chance ) or we just stay in this range which has now been defined.
More updates to follow on Midcap index in this space.
Dec 17 - Nothing Much has changed
Midcap index is in the previous range only.
Nearly after a month on 13th Nov. Midcap index still around the same levels of 17400 after hitting 16k once again. Monitoring the situation, expectations are we remain in a range for next few months and consolidate