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Here are the current levels and analysis for NIFTY Smallcap 250 Index (CNXSMALLCAP) in a 1-hour time frame:
Current Price: 13,450.00
Resistance Levels:
13,550.00 (short-term resistance)
13,700.00 (medium-term resistance)
Support Levels:
13,350.00 (short-term support)
13,250.00 (medium-term support)
Analysis:
CNXSMALLCAP is trading within a narrow range of 13,350.00 to 13,550.00.
The index has been trending upwards in the past few days, but it's currently consolidating.
The short-term resistance level at 13,550.00 is a strong level that CNXSMALLCAP needs to break above to continue its upward momentum