Nifty midcap, Nifty JR analysis for 17/09/2026

1. Nifty MidSmallcap Select (Nifty Mid Select) Current Level: 14,266 Current Bias / Trend: Bearish / Short Key Pivot / Threshold: 14,900 Action Plan: Hold Short: Maintain short positions as long as the index trades below 14,900. Conditional Long: Switch strategy to create long-only positions only if the index breaks out and sustains above 14,900. 2. Nifty Next 50 (Nifty JR) Current Level: 70,280 Current Bias / Trend: Bearish / Short Key Pivot / Threshold: 72,500 Action Plan: Hold Short: Maintain short positions as long as the index trades below 72,500. Conditional Long: Switch strategy to create long-only positions only if the index breaks out and sustains above 72,500. Summary Insights Both indices are currently trading below their respective resistance pivot levels (14,900 for Mid Select and 72,500 for Nifty JR), indicating a continuation of downward momentum or a corrective phase. Trend-following strategies suggest staying short until these critical levels are decisively breached on the upside. F&O top gainer was :