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Nifty Technical Outlook

NIFTY (CMP : 22555) Nifty immediate support is at 22400 then 22300 zone while resistance at 22750 then 22850 zones. Now if it crosses and holds above 22650 zones, bounce could be seen towards 22750 then 22850 zones while a hold below the same could see weakness towards 22400 then 22300 zones.

Sensex Technical Outlook

SENSEX (CMP : 72382) Sensex support is at 72000 then 71800 zones while resistance at 72700 then 73000 zones. Now if it crosses and holds above 72500 zones, bounce could be seen towards 72700 then 73000 zones while a hold below the same could see weakness towards 72000 then 71800 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 54714) Bank Nifty support is at 54500 then 54250 zones while resistance at 55000 then 55250 zones. Now it has to cross and hold above 54750 zones for a bounce towards 55000 then 55250 levels while a hold below the same could attract weakness towards 54500 then 54250 zones.

Midcap100 Index Technical Outlook

Index has formed a small bodied candle.

Smallcap250 Index Technical Outlook

Index has formed an Inside bar pattern.

Technical Stocks On Radar

BHARAT ELECTRONICS.

(CMP: 385 | Mcap: Rs 2,81,317 Cr.)  

• Hammer candle on daily chart.

• More momentum above 387.

• Immediate support at 373.

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GAIL FUT SELL 27TH OCT.

(CMP: 168 | Mcap: Rs 1,10,133Cr.)

 • Stock has witnessed range breakdown on daily chart.

• Holding below 200 DEMA.

• Bearish candle has been formed.

• Immediate resistance at 173.

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