SSI & MidCap 100 Index - June 2020
SSI - Strong Stock Index created for stocks which are strong in all of NSE basket.
Below is a comparative chart of SSI with Midcap 100 index. I have taken the start point as Dec 2019.
SSI reading is at 383 as of 5th Jun and midcap 100 index close at 14158. There is no peak out indication for now but it has entered a zone from where we have seen correction kicking in historically.
Resistance band for midcap 100 index is 14180 - 14690
We can use the Peaks and troughs of the SSI to time our positions in midcap index. Levels of SSI to be updated frequently in the telegram channel.
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