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Nifty Technical Outlook

NIFTY (CMP : 24734)

Nifty immediate support is at 24650 then 24500 zones while resistance at 24850 then 25000 zones. Now it has to hold above 24700 zones for an up move towards 24850 then 25000 zones while supports can be seen at 24650 and 24500 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 54075)

Bank Nifty support is at 53750 then 53500 zones while resistance at 54500 then 54750 zones. Now it has to hold above 54000 zones for an up move towards 54500 then 54750 zones while on the downside support is seen at 53750 then 53500 levels.

Technical Stocks On Radar

KEI Industries Ltd 

(CMP: 4125, Mcap Rs.39,423 Cr.)

* Consolidation breakout on daily scale.

* Strong bullish candle.

* Respecting 50 DEMA.

* RSI momentum indicator rising.

* Immediate support at 3970.

Syrma SGS Technology Ltd

(CMP: 836, Mcap Rs.16,093 Cr.)

* Overall uptrend and range breakout at “All Time High” Zones.

* Strong bullish candle.

* Rising volumes and respecting 50 DEMA.

* MACD indicator Positively placed.

* Immediate support at 775.

Nifty : Option Data

* Maximum Call OI is at 25000 then 24900 strike while Maximum Put OI is at 24500 then 24600 strike.

* Call writing is seen at 24900 then 25000 strike while Put writing is seen at 24800 then 24900 strike.

* Option data suggests a broader trading range in between 24200 to 25200 zones while an immediate range between 24500 to 25000 levels.

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