Nifty midcap, Nifty JR analysis for 07/10/2026

1. Nifty Mid Select (Current Value: 13,826) Market Position: Trading below the critical threshold of 13,900. Current Strategy: Hold Short. Since the index is sitting at 13,826 (under 13,900), the near-term momentum favours downside continuation or defensive positioning for existing short trades. Conditional Long: A move and sustained close above 13,900 invalidates the current short thesis and signals a shift toward creating long positions. 2. Nifty JR (Current Value: 69,973) Market Position: Trading below the major resistance/pivot level of 70,400. Current Strategy: Hold Short. With the index at 69,973, downward pressure persists as long as prices stay under the 70,400 mark. Conditional Long: A breakout above 70,400 serves as the confirmation level required to flip bias and initiate long positions. F&O top looser was :