CNX Midcap index chart - Nifty midcap 100 live chart
The live chart of the CNX midcap index has been given below:
CNX Midcap index stocks - Nifty midcap 100 stocks
This index is composed of 100 midcap companies which are given below(get on portrait mode or tilt for mobile):
What is the meaning of CNX Midcap Index?
CNX stands for CRISIL NSE Index. CRISIL stands Credit Rating Information Services of India Limited and NSE stands for National Stock Exchange. This index is maintained or managed by these two companies within a joint venture which is known as IISL(India Index Servies and Products limited).
It is one of the largest traded financial product of India. This index is very liquid and you can trade its futures, options, ETF etc.
CNX midcap index is also known as Nifty midcap 100 index. This index is the weighted index of the top 100 midcap companies. The companies of this index are very well capitalised and the stocks of these companies very liquid.
This index is endorsed by Standard and Poor's. This index is also known as Standard and Poor's CNX nifty midcap index.
The companies of this index are from various sectors like healthcare, IT, Pharmaceutical, Oil and gas, automobiles etc. When CNX midcap Index goes up, it is believed that there is bullish momentum in the overall midcap industries and when Nifty midcap 100 Index goes down, it is believed that there is a bearish momentum in overall midcap industries.
This index is traded with the help of the National Stock Exchange(NSE). This is the most popular index of the national stock exchange after the Nifty 50 Index, Bank Nifty and Junior Nifty(Nifty next 50).
Significance of Nifty midcap 100 Index
There are few large-cap companies in the Indian stock market. The performance of all the large-cap companies is analysed by the benchmark index which is known as CNX Nifty index or Nifty 50 Index.
But there are lot of mid-cap companies in India. If there were no CNX midcap index, the performance of these companies would not have been analysed. So, this index helps us to track the real performance of the Stock market.
CNX Midcap ETF
CNX Midcap ETF is available for those people who want to invest in CNX midcap index for the long term. You can buy the ETF of this index to hold for the long term. It is a very less volatile index which is very suitable for longterm investing without taking so much risk.
You can buy the ETF of Nifty midcap 100 index from any Mutual fund company. But you can only buy this index at the end of the day pries.
CNX Midcap index Predictions
The Nifty midcap 100 index made an all time high of 21,840.85 in January, 2018. But since then, this index is in corrective mode and it made low of 14,975.75 in September 2019.
The overall trend of this index is Bullish and it is likely to perform bettter in upcoming two or three years. The major resistance zone of this index is 21,800 to 20,000. If it goes in this range, it will face roll over.
The major support zone of the index is from 13,800 to 13,500. Here, stock may take a very good bounce. The overall sentiment of this index is looking positive.
