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canada goose Earlier resistance of 10,500 10,550 would interchange its role as a support.In the derivatives segment, we have seen Put writing at 10,500 levels. Therefore, 10,500 10,550 levels would act as immediate support for the Nifty.On the higher side, resistance is seen around 10,900 where 200 day SMA is placed.In the month of June, the advance decline ratio stood at 1.54 levels which was the highest monthly advance decline ratio since May 2009.This Indicates that midcap and smallcap indices that outperformed the benchmark indices during the last few months after two years of underperformance starting January 2018 are likely to do well during the coming months also.Our advice is to remain long in the Nifty with the trailing stop loss of 10,500 levels.Resistance is seen in the vicinity of 10,900 11,000 levels. After a sharp rise in the benchmark indices during the last few days, the focus of the traders should be on midcaps and smallcaps that are likely to continue their outperformance during the coming weeks and months.Here are three buy recommendations for the next 3 4 weeks:The stock broke out from the downward slopping trendline last Friday, adjoining the highs of February 10 and June 22, 2020, on the daily chart with higher volumes.It is trading above an important double top resistance level of Rs 665 canada goose.