Nifty midcap, Nifty JR analysis for 26/10/2026

1. Nifty Midcap Select (Nifty Mid Select) Current Level: 13,033 Key Level / Pivot Line: 13,400 Technical Breakdown & Outlook: Trend & Sentiment: The index is trading below its critical resistance pivot of 13,400, keeping the prevailing structure bearish to neutral. Short Position (Bearish / Continuation):Condition: As long as the price trades below 13,400, maintaining/holding short positions is favored. Long Position (Bullish Reversal):Condition: Conditional Long Only — Initiate buying only if the index breaks and sustains above 13,400. Confirmation: Look for a strong daily/hourly candle close above 13,400 before going long to avoid false breakouts. F&O top looser was :

2. Nifty Next 50 (Nifty JR) Current Level: 65,828 Key Level / Pivot Line: 67,300 Technical Breakdown & Outlook:Trend & Sentiment: Trading well below 67,300, indicating short-term weakness and selling pressure on rallies. Short Position (Bearish / Continuation):Condition: Hold short positions as long as the index trades below 67,300. Long Position (Bullish Reversal):Condition: Conditional Long Only — Do not enter long trades until the index successfully crosses and sustains above 67,300. Confirmation: Wait for a sustained breakout above 67,300 to confirm trend reversal.