MIDCPNIFTY Futures Analysis – First Half of March
This analysis is for **educational purposes only** and is intended to provide a structured view of potential market movements based on key technical levels.
#### **Bullish Scenario:**
- **Entry Condition:** If MIDCPNIFTY secures an **hourly close above 10,850**, it may indicate further upside potential.
- **Target Levels:**
- **First Target:** 11,125
- **Second Target:** 11,320
- **Final Zone:** 11,500–11,600
- **Stop-Loss Strategy:**
- Initial **stop-loss at an hourly close below 10,650**.
- Once the first target is achieved, **adjust SL to cost** and continue to trail upwards to protect profits.
#### **Bearish Scenario:**
- **Entry Condition:** A short position may be considered only after **two consecutive candle closes below 10,650**, along with a **bearish candlestick formation on a smaller timeframe** to confirm momentum.
- **Target Levels:**
- **First Target:** 10,500
- **Second Target:** 10,250
- **Final Target:** 10,000
- **Stop-Loss Strategy:**
- Initial **stop-loss slightly above 10,650**.
- As price moves in favor of the position, **continuously trail the SL downward to secure gains**.
Traders should maintain disciplined risk management and adapt strategies based on evolving price action.
#### **Bullish Scenario:**
- **Entry Condition:** If MIDCPNIFTY secures an **hourly close above 10,850**, it may indicate further upside potential.
- **Target Levels:**
- **First Target:** 11,125
- **Second Target:** 11,320
- **Final Zone:** 11,500–11,600
- **Stop-Loss Strategy:**
- Initial **stop-loss at an hourly close below 10,650**.
- Once the first target is achieved, **adjust SL to cost** and continue to trail upwards to protect profits.
#### **Bearish Scenario:**
- **Entry Condition:** A short position may be considered only after **two consecutive candle closes below 10,650**, along with a **bearish candlestick formation on a smaller timeframe** to confirm momentum.
- **Target Levels:**
- **First Target:** 10,500
- **Second Target:** 10,250
- **Final Target:** 10,000
- **Stop-Loss Strategy:**
- Initial **stop-loss slightly above 10,650**.
- As price moves in favor of the position, **continuously trail the SL downward to secure gains**.
Traders should maintain disciplined risk management and adapt strategies based on evolving price action.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.