Nifty Smallcap 100 Index - Breakout - Possible targets 7600/7730

Nifty Smallcap 100 Index seems to have broken out based on the above trendline - Possible targets are 7600 and 7730.

Comment:

So far the index has gone from 6040 to 6570. Almost 9% up.
Levels to watch out for are - 6890/6938/7190/7600 and 7730.
Some profit booking or even reversal may come at these levels.

Comment:

First Target achieved at 7600 today.

Comment:

Second target of 7730 achieved today.