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Nifty Technical Outlook

NIFTY (CMP : 25426) Nifty immediate support is at 25300 then 25200 zones while resistance at 25550 then 25650 zones. Now till it holds below 25500 zones, weakness could be seen towards 25300 then 25200 zones while hurdles are placed at 25550 then 25650 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 61047) Bank Nifty support is at 60750 then 60500 zones while resistance at 61250 then 61500 zones. Now it has to hold above 61000 zones for an up move towards 61250 then 61500 levels while a hold below the same some weakness could be seen towards 60750 then 60500 zones.

Sensex Technical Outlook

Sensex (CMP : 82225) Sensex support is at 82000 then 81700 zones while resistance at 82500 then 82800 zones. Now till it holds below 82500 zones weakness could be seen towards 82000 then 81700 zones while hurdles have shifted lower to 82500 then 82800 zones.

Midcap100 Index Technical Outlook

* Formed a Dragonfly Doji candlestick at its 200 DEMA support.

Smallcap250 Index Technical Outlook

* Consolidating within a range below its 50 DEMA.

Technical Stocks On Radar

Jindal Steel Ltd

(CMP: 1233, Mcap Rs. 1,25,807 Cr.)

* Overall uptrend.

* Respecting 20 DEMA support.

* High traded volumes.

* RSI indicator confirming positive momentum.

* Immediate support at 1150.

Astral Ltd

(CMP: 1664, Mcap Rs. 44,703 Cr.)

* Bullish “Pole & Flag” pattern

* Strong bullish candle.

* RSI momentum indicator rising.

* Immediate support at 1580.

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