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Kavan Patel

22nd Aug · SEBI-Registered Analyst

Nifty midcap, Nifty JR analysis for 24/08/2026

1. Nifty Midcap Select (Current: 14,875) Immediate Support/Pivot Level: 14,800 acts as a crucial line in the sand for short-term momentum. Bullish Bias: Maintain long positions as long as the index trades above 14,800, indicating that buyers are defending this support zone. Bearish/Conditional Setup: A breakdown below 14,800 signals weakness, suggesting a shift in momentum where creating short positions becomes favorable. 2. Nifty JR / Nifty Next 50 (Current: 73,992) Immediate Support/Pivot Level: 73,900 serves as the primary inflection threshold determining trend direction. Bullish Bias: Hold existing long positions as long as prices sustain above 73,900, keeping the upward continuation structure intact. Bearish/Conditional Setup: If the index slips below 73,900, it invalidates the immediate support, triggering a conditional shift to short-only strategies. F&O top gainer was :

VEDL

#IndexStrategies#Pre-OpeningCommentary#TechnicalViews
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