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Nifty Technical Outlook

NIFTY (CMP : 25574)

Nifty immediate support is at 25450 then 25300 zones while resistance at 25650 then 25800 zones. Now it has to hold above 25500 zones for momentum to continue towards 25650 then 25800 zones while supports can be seen at 25450 then 25300 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 57937)

Bank Nifty support is at 57750 then 57500 zones while resistance at 58577 then 59000 zones. Now it needs to hold above the 57750 zone for an up move towards 58577 and 59000 zones while on the downside, supports are placed at 57750 and 57500 zones.

Midcap100 Index Technical Outlook

* Retesting Breakout Zones on daily chart.

Smallcap250 Index Technical Outlook

* Hammer Candle near support zones.

Technical Stocks On Radar

Hindustan Aeronautics Ltd

(CMP: 4790, Mcap Rs.3,20,330 Cr.)

* Bounce up from 20 DEMA support zones.

* Strong bodied bullish candle.

* Higher than average volumes.

* RSI momentum indicator bullish crossover.

* Immediate support at 4580.

Bharat Heavy Electricals Ltd

(CMP: 273, Mcap Rs.95,182 Cr.)

* Cup & Handle Pattern Breakout.

* Large bodied bullish candle.

* Surge in volumes visible.

* RSI indicator positively placed.

* Immediate support at 255.

Nifty : Option Data

* Maximum Call OI is at 25700 then 25600 strike while Maximum Put OI is at 25600 then 25500 strike.

* Call writing is seen at 25650 then 25700 strike while Put writing is seen at 25600 then 25500 strike.

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

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