Indian Stock Market Hot Tips & Picks in Shares of India - Nifty Smallcap 100 Analysis

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The Nifty Smallcap 100 is displaying a classical inverse head and shoulders formation, which is a bullish pattern, on the daily charts. A positive daily close would indicate that this formation is ready. A daily close above the 15,750-15,800 range would confirm the breakout, potentially driving the index upwards toward the 17,500 to 17,800 spot levels.