NIFTY MidSmallcap 400 - Negative breakout

The index has already broken down below the 19,200 support range. The next strong support level appears to be around the 17,000 range, where a potential bounce-back could occur. However, there are three intermediate support levels in between. Let’s observe how mid-cap and small-cap stocks perform—whether they continue to fall or rebound within the triangle pattern.