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Nifty Technical Outlook

NIFTY (CMP : 25910)

Nifty immediate support is at 25800 then 25700 zones while resistance at 26000 then 26100 zones. Now it has to hold above 25800 zones for an up move towards 26000 then 26100 zones while supports can be seen at 25800 then 25700 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 58899)

Bank Nifty support is at 58750 then 58500 zones while resistance at 59250 then 59500 zones. Now it has to hold above 58750 zones for an up move towards a new life high territory 59250 then 59500 zones while on the downside support has shifted higher to 58750 then 58500 levels

Midcap100 Index Technical Outlook

* Pause post consolidation breakout

Smallcap250 Index Technical Outlook

* Large bodied bearish candle and close below 50 DEMA.

Technical Stocks On Radar

Bharti Airtel Ltd

(CMP: 2149, Mcap Rs.12,89,010 Cr.)

* Range Breakout at “All Time High” zones.

* Strong bodied bullish candle.

* Bounce up from 50 DEMA.

* RSI momentum indicator rising.

* Immediate support at 2080.

Titan Company Ltd

(CMP: 3880, Mcap Rs. 3,44,390 Cr.)

* Range breakout on weekly chart.

* Accumulation visible.

* RSI momentum indicator rising.

* Immediate support at 3750.

Technical Chart Pattern for the Day

* Bullish “Pennant” pattern formation; Support : 308

Nifty : Option Data

* Maximum Call OI is at 26500 then 26200 strike while Maximum Put OI is at 26000 then 25500 strike.

* Call writing is seen at 26000 then 26500 strike while Put writing is seen at 26000 then 25500 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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