NIFTY MNCAs disclosed in the chart drawing, MNC index looks good proposition for an investment, as it is approaching the value area again.
It will be good to watch this index for study purposes.
CNXMNC trade ideas
CNXMNC on 15 min TFNifty MNC may crawl up a bit to make 2nd top. RSI is making divergence and showing bullish sign. Good entry point for this trade would be 22213 if it breaks strongly and retest the same levels. No trade below 22154 levels.
Levels to watch on lower side
22154
22213
Levels to watch on upper side
22378
22465
CNXMNC/NIFTYRatio chart suggests that CNX MNC to outperform NIFTY in coming times. One can find good trending stocks in MNC space for good risk reward
Bullish AB=CD Pattern on daily chart of Nifty MNC IndexBullish AB=CD Pattern on daily chart of Nifty MNC Index
