Nifty midcap, Nifty JR analysis for 29/09/2026

1. Nifty MidSelect (Current Level: 13,776) Current Market Context: At 13,776, the index is trading below the crucial pivot/threshold level of 14,100. Technical Bias: Bearish / Short-term DowntrendTrading Strategy Breakdown: Hold Short (Below 14,100): As long as the index stays under 14,100, the path of least resistance is downwards. Rallies toward the threshold are likely to face selling pressure, validating short positions. Conditional Long (Above 14,100): A decisive breakout and sustained move above 14,100 would invalidate the current bearish thesis, shifting market structure to bullish and triggering a shift to "long-only" positioning. 2. Nifty JR / Nifty Next 50 (Current Level: 70,309) Current Market Context: Trading at 70,309, positioned safely beneath the key overhead supply zone or threshold at 71,800. Technical Bias: Bearish / Corrective PhaseTrading Strategy Breakdown: Hold Short (Below 71,800): The prevailing trend remains weak while prices trade below 71,800. Traders favor holding short positions or selling on intraday bounces. Conditional Long (Above 71,800): A structural change occurs only if the index breaks past 71,800. Crossing this barrier signals strong buyer resurgence, prompting a transition to long setups. F&O top gainer was :