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Nifty Technical Outlook

NIFTY (CMP : 25795)

Nifty immediate support is at 25700 then 25600 zones while resistance at 26000 then 26250 zones. Now it has to hold above 25700 zones for an up move towards 26000 then 26250 zones while supports can be seen at 25700 then 25600 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 57699)

Bank Nifty support is at 57250 then 57000 zones while resistance at 58000 then 58250 zones. Now it has to hold above 57500 zones for an up move towards 58000 then 58250 zones while a hold below the same could see some weakness towards 57250 then 57000 levels.

Midcap100 Index Technical Outlook

* Bearish candles near resistance zones.

Smallcap250 Index Technical Outlook

* Small bodied candle and hovering above 50 DEMA.

Technical Stocks On Radar

Jindal Stainless Ltd

(CMP: 802, Mcap Rs. 66,123 Cr.)

* Range breakout above 820.

* Respecting 50 DEMA support.

* Rising volumes.

* RSI momentum indicator rising.

* Immediate support at 782.

Sterlite Technologies Ltd

(CMP: 120, Mcap Rs. 5,861 Cr.)

* Falling supply trendline breakout above 121.

* Formed a base around 100 DEMA.

* RSI indicator giving a positive crossover.

* Immediate support at 113.

Nifty : Option Data

* Maximum Call OI is at 26000 then 26500 strike while Maximum Put OI is at 25500 then 25700 strike.

* Call writing is seen at 26000 then 25900 strike while Put writing is seen at 25700 then 25750 strike.

* Option data suggests a broader trading range in between 25300 to 26200 zones while an immediate range between 25500 to 26000 levels.

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