Nifty MidCap Index short term targets

The Nifty MidCap Select Index is currently trading at 11,198.90, down 1.69% for the session ,despite the short-term downtrend, the index recently rebounded from a key support zone (10490 – 10390) if this level holds next week then their is chances of up side .

Important Resistance Levels

Immediate Resistance1 : 11,600 – A breakout above this level may indicate further bullish momentum towards 11,800 – 11,830.
Resistance2 : 11,800 – 11,830 – A significant supply zone where sellers may step in.
Major Resistance1: 12,100 – 12,170

Important Support Levels

Support1 : 11,068.60 – 11,015.55 – The key support zone holding the index.
Major Support1: 10,390 – 10,493.55 – A strong demand zone where buyers may re-enter.
Extended Support: 10,060.20 – 9,995.05 – A strong demand zone Extension where buyers may re-enter.