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Nifty Technical Outlook

NIFTY (CMP : 24270 ) Nifty immediate support is at 24200 then 24100 zone while resistance at 24400 then 24500 zones. Now it needs to hold above 24250 zones for strength to rebuild towards 24400 then 24500 zones while supports have shifted higher to 24200 then 24100 zones.

Sensex Technical Outlook

Sensex (CMP : 77763) Sensex support is at 77400 then 77000 zones while resistance at 78000 then 78300 zones. Now it has to hold above 77700 zones for an up move towards 78000 then 78300 zones while supports have shifted higher to 77400 and then 77000 zones

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 57938) Bank Nifty support is at 57750 then 57500 zones while resistance at 58500 then 58750 zones. Now it has to cross and hold above 58000 zones for a bounce towards 58500 then 58750 levels while on the downside support is seen at 57750 then 57500 zones.

Midcap100 Index Technical Outlook Nifty 

• Index is on the verge of breakout above 62910 marks.

Smallcap250 Index Technical Outlook

• Index is sustaining above breakout levels

Technical Stocks On Radar

GLENMARK PHARMA

(CMP: 2211, Mcap Rs 62,395 Cr.)

• Stock has given triangle breakout on daily chart.

• More momentum above 2250 marks.

• RSI is trending upward.

• Immediate support at 2160.

INDUSIND BANK

(CMP: 974, Mcap Rs 75,915 Cr.)

• Stock has given range breakout.

• Surge in volumes.

• Strong bullish candle.

• Immediate support at 950.

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