Nifty midcap, Nifty JR analysis for 23/10/2026

1. Nifty Midcap Select (Nifty Mid Select) Key Technical Parameters Current Spot Price: 13,315 Pivot/Resistance Level: 13,700 Current Market Bias: Bearish / Below Key Resistance Trade Strategy Short Position (Current View): Hold Short. Since the index is currently trading at 13,315—which is below the key threshold of 13,700—the prevailing momentum favors sellers. Long Trigger (Conditional View): Create Longs ONLY above 13,700. A sustained breakout and closing above 13,700 is required to trigger a trend reversal from bearish to bullish. 2. Nifty Junior (Nifty Next 50) Key Technical Parameters Current Spot Price: 67,354 Pivot/Resistance Level: 68,900 Current Market Bias: Bearish / Below Key Resistance Trade Strategy Short Position (Current View): Hold Short. With the index at 67,354, it remains well below the key pivot of 68,900, keeping the downward trend or short bias intact. Long Trigger (Conditional View): Create Longs ONLY above 68,900. Fresh long positions should only be initiated if the price breaks out above 68,900 on a closing basis. F&O top gainer was :