IGI Logo

Nifty Technical Outlook

NIFTY (CMP : 25597)

Nifty immediate support is at 25500 then 25350 zones while resistance at 25800 then 25950 zones. Now till it holds below 25700, weakness could be seen towards 25500 then 25350 zones while resistances have shifted lower to 25800 then 25950 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 57827)

Bank Nifty support is at 57750 then 57500 zones while resistance at 58350 then 58577 zones. Now it has to hold above 57750 zones for an up move towards 58350 then 58577 levels while on the downside support is seen at 57750 then 57500 zones

Midcap100 Index Technical Outlook

* Range Breakout on daily chart.

Smallcap250 Index Technical Outlook

* Small bodied Bearish candle and RSI momentum showing weakness.

Technical Stocks On Radar

BAJFINANCE

(CMP: 1057, Mcap Rs. 6,57,716 Cr.)

* Retesting Breakout zones.

* Respecting 50 DEMA support.

* High traded volumes.

* RSI indicator positively placed.

* Immediate support at 1010.

DLF

(CMP: 774, Mcap Rs. 1,91,738 Cr.)

* Verge of range breakout above 787.

* Surge in volumes visible.

* RSI indicator positively placed.

* Immediate support at 750

Technical Chart Pattern for the Day

ICICIGI (Mcap Rs. 1,01,561 Cr.) (CMP : 2040)

* Bullish “Pole & Flag” pattern formation; Support : 1975, Resistance : 2170.

Derivative Outlook

Nifty : Option Data

* Maximum Call OI is at 26000 then 25800 strike while Maximum Put OI is at 25000 then 25200 strike.

* Call writing is seen at 26000 then 25700 strike while Put writing is seen at 25200 then 25250 strike.

* Option data suggests a broader trading range in between 25100 to 26000 zones while an immediate range between 25400 to 25800 levels.

For More Research Reports : Click Here 

For More Motilal Oswal Securities Ltd Disclaimer
http://www.motilaloswal.com/MOSLdisclaimer/disclaimer.html
SEBI Registration number is INH000000412