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Nifty Technical Outlook

NIFTY (CMP : 23962 ) Nifty immediate support is at 23800 then 23700 zone while resistance at 24100 then 24200 zones. Now if it crosses and holds above 24000 zones strength could be seen towards 24100 then 24200 zones while on the downside support is placed at 23800 then 23700 zones.

Sensex Technical Outlook

Sensex (CMP : 76741) Sensex support is at 76400 then 76000 zones while resistance at 77200 then 77500 zones. Now if it manages hold above 76800 zones, bounce could be seen towards 77200 then 77500 marks while hold below the same could see weakness towards 76400 and then 76000 zones

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 57252) Bank Nifty support is at 56750 then 56500 zones while resistance at 57500 then 58000 zones. Now it crosses and hold above 57250 zones for a bounce towards 57500 then 58000 levels while on the downside support is seen at 56750 then 56500 levels.

Midcap100 Index Technical Outlook

• The Index is taking support at its 50 DEMA zones.

• The market breadth was in favour of the advances.

Smallcap250 Index Technical Outlook

• The Index is taking support at its 50 DEMA zones.

• The market breadth was in favour of the advances.

Technical Stocks On Radar

LAURUSLABS

(CMP: 1507, Mcap Rs 81,407 Cr.)

• Overall uptrend and respecting 20 DEMA.

• Strong bodied bullish candle.

• RSI indicator positively placed.

• Immediate support at 1435.

ALKYLAMINE

(CMP: 1954, Mcap Rs 9,998 Cr.)

• Channel breakout on daily chart.

• Strong bodied bullish candle.

• High traded volumes.

• RSI indicator rising.

• Immediate support at 1850.

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