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Nifty Technical Outlook

NIFTY (CMP : 25938)

Nifty immediate support is at 25850 then 25700 zones while resistance at 26150 then 26250 zones. Now it has to cross and hold above 26000 zones for strength to regain towards 26150 and 26250 zones while supports can be seen at 25850 then 25700 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 59171)

Bank Nifty support is at 58750 then 58500 zones while resistance at 59500 then 59750 zones. Now it has to hold above 59000 zones for a bounce towards 59500 then 59750 zones while on the downside support is seen at 58750 then 58500 levels.

Sensex Technical Outlook

Sensex (CMP : 84675)

Sensex support is at 84400 then 84100 zones while resistance at 85000 then 85300 zones. Now it has to cross and hold above 84800 zone for an upside move towards 85000 then 85300 while hold below the same can see weakness towards 84400 and then 84100 zones.

Midcap100 Index Technical Outlook

* Formed a small bodied candle and us hovering around its 50 DEMA.

Smallcap250 Index Technical Outlook

* Hurdle around 50 DEMA resistance zones and formed a small bodied bearish candle.

Technical Stocks On Radar

Bajaj Auto Ltd

* Falling supply trendline breakout.

* Bounce up from 200 DEMA.

* High volumes on up moves.

* RSI indicator rising.

* Immediate support at 8950.

Jindal Stainless Ltd

* Trendline breakdown on daily chart.

* Strong bodied bullish candle.

* Surge in traded volumes.

* RSI indicator showing strength.

* Immediate support at 808.

Nifty : Option Data

* Maximum Call OI is at 26000 then 26300 strike while Maximum Put OI is at 26000 then 25900 strike.

* Call writing is seen at 26000 then 26300 strike while Put writing is seen at 25900 then 26000 strike.

* Option data suggests a broader trading range in between 25500 to 26300 zones while an immediate range between 25700 to 26100 levels.

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