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Nifty Technical Outlook

NIFTY (CMP : 25330)

Nifty immediate support is at 25250 then 25150 zones while resistance at 25500 then 25650 zones. Now it has to hold above 25250 zones for an up move towards 25500 then 25650 zones while supports have shifted higher to 25250 then 25150 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 55493)

Bank Nifty support is at 55250 then 55000 zones while resistance at 55750 then 56000 zones. Now it has to hold above 55250 zones for an up move towards 55750 then 56000 zones while on the downside support is seen at 55250 then 55000 levels.

Technical Stocks On Radar

Tata Consumer Products Ltd

(CMP: 1316, Mcap Rs.1,12,441 Cr.)

* Falling supply trendline breakout.

* Strong bullish candle with rise in volumes.

* RSI momentum indicator rising.

* Immediate support at 1100

Delhivery Ltd

(CMP: 482, Mcap Rs.36,037 Cr.)

* Stock is in an overall uptrend.

* Respecting its 20 DEMA support.

* RSI indicator giving bullish crossover.

* Immediate support at 462.

Nifty : Option Data

* Maximum Call OI is at 25500 then 25400 strike while Maximum Put OI is at 25300 then 25200 strike.

* Call writing is seen at 25500 then 25400 strike while Put writing is seen at 25300 then 25250 strike.

* Option data suggests a broader trading range in between 24800 to 25800 zones while an immediate range between 25100 to 25600 levels

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