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Nifty Technical Outlook

NIFTY (CMP : 26177)

Nifty immediate support is at 26050 then 25950 zones while resistance at 26250 then 26325 zones. Now it has to continue to hold above 26150 zones for an up move towards 26250 then 26325 zones while supports can be seen at 26050 then 25950 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 59299)

Bank Nifty support is at 59000 then 58750 zones while resistance at 59500 then 59750 zones. Now it has to hold above 59250 zones for a bounce towards 59500 then 59750 zones while on the downside support is seen at 59000 then 58750 levels.

Sensex Technical Outlook

SENSEX (CMP : 85524)

Sensex support is at 85300 then 85000 zones while resistance at 85900 then 86159 zones. Now it has to hold above 85400 zone for an upside move towards 85900 then previous lifetime high of 86159 while supports are shifting higher at 85300 then 85000 zones.

Midcap100 Index Technical Outlook

* Surpassed above 50 DEMA and formed a small bodied candle.

Smallcap250 Index Technical Outlook

* Bounce up from support zones and surpassed above 20 DEMA.

U.S. Dollar Index (DXY)

Technical Stocks On Radar

Coal India Ltd

* Falling supply trendline breakout.

* Large bodied bullish candle.

* Surge in traded volumes.

* RSI indicator rising.

* Immediate support at 393.

Tata Consumer Products Ltd

* Verge of consolidation range above 1190.

* Respecting 50 DEMA support zones.

* RSI indicator positively placed.

* Immediate support at 1160

Technical Chart Pattern for the Day

Nifty : Option Data

* Maximum Call OI is at 26200 then 26500 strike while Maximum Put OI is at 26000 then 26200 strike.

* Call writing is seen at 26200 then 26500 strike while Put writing is seen at 26200 then 26000 strike.

* Option data suggests a broader trading range in between 25800 to 26500 zones while an immediate range between 26000 to 26300 levels

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