Markets on Edge: Nifty 50 & Smallcap 100 at Critical Support Zones

Analyzing Support Levels in Nifty 50 & Smallcap 100 for the Coming Week

Nifty 50 still hasn’t broken the support of 22800, although remember that we’d discussed here earlier (pls read if you haven’t already) that 22500 is a stronger area of support. The support lines drawn in the chart below at these levels are self-explanatory.

Let’s see whether these support levels are broken next week or the market simply bounces back.