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Nifty Technical Outlook

NIFTY (CMP : 25875) Nifty immediate support is at 25750 then 25650 zones while resistance at 26000 then 26150 zones. Now it has to hold above 25800 zones for momentum to continue towards 26000 then 26150 zones while supports have shifted higher to 25750 then 25650 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 58274) Bank Nifty support is at 58000 then 57750 zones while resistance at 58577 then 58750 zones. Now it has to hold above 58000 zones for an up move towards 58577 marks then 58750 zones while on the downside support is seen at 58000 then 57750 levels.

Midcap100 Index Technical Outlook

* Consolidation Breakout near “All Time High” zones.

Smallcap250 Index Technical Outlook

* Hammer Candle near support zones and forming small bodied candles.

Brent Crude Oil

Technical Stocks On Radar

Adani Ports and Special Economic Zone Ltd

(CMP: 1506, Mcap Rs 3,25,511 Cr.)

* Consolidation breakout.

* Respecting 50 DEMA.

* Surge in volumes.

* RSI momentum indicator bullish crossover.

* Immediate support at 1440.

Jio Financial Services Ltd

(CMP: 309, Mcap Rs 1,96,602 Cr.)

* Falling supply trendline breakout.

* Close above 50 DEMA.

* Rising volumes.

* RSI indicator positively placed.

* Immediate support at 299.

Technical Chart Pattern for the Day

* Symmetrical Triangle” pattern formation; Support : 1960

Nifty : Option Data

* Maximum Call OI is at 26000 then 26500 strike while Maximum Put OI is at 25800 then 25900 strike.

* Call writing is seen at 26000 then 26400 strike while Put writing is seen at 25800 then 25900 strike.

* Option data suggests a broader trading range in between 25400 to 26300 zones while an immediate range between 25700 to 26100 levels.

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