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CNX MIDCAP INDEX chart techncial analysis index tips - Index has formed head and shoulder formation, Weakness expecting if CNX Midcap closes below 10410. (Updated on 12th August 2014, Tuesday).


CNX MIDCAP INDEX




  • CNX  MIDCAP INDEX has formed head and shoulder formation in daily chart, this indicates when index closes below its shoulder then weakness expecting in MIDCAP Index.
  • Daily chart also indicates that earlier Midcap index moved up from its 23.6% fibonacci retracement support and again its gonna test the same levels, if index closes and stays below 10,400 then further weakness expecting for next 1-2 trading days.
  • Daily chart also indicates that index is facing strong 50 days moving average support at current levels, as long as trades above it will favor bulls, once index starts trading below 50 DMA then index will favor bears, and can see weakness.
  • Click here to see all the free trading reports (tips) published by us on CNX MIDCAP INDEX.
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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.