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