Daily Market Insight - 12th August 2026 by Motilal Oswal Wealth Mangement
Nifty Technical Outlook
NIFTY (CMP : 24471 ) Nifty immediate support is at 24350 then 24250 zone while resistance at 24650 then 24750 zones. Now it has to cross and hold above 24500 zones for an up move towards 24650 then 24750 zones while support can be seen at 24350 then 24250 zones.
Sensex Technical Outlook
Sensex (CMP : 78154) Sensex support is at 78000 then 77800 zones while resistance at 78600 then 78800 zones. Now it has to cross and hold above 78300 zones for a bounce towards 78600 then 78800 levels while support can be seen at 78000 then 77800 zones.
Bank Nifty Technical Outlook
BANK NIFTY (CMP : 57446) Bank Nifty support is at 57000 then 56750 zones while resistance at 57750 then 58000 zones. Now till it holds below 57500 zones weakness could be seen towards 57000 then 56750 levels while on the upside hurdle is seen at 57750 then 58000 zones.
Midcap100 Index Technical Outlook
Smallcap 250 Index Technical Outlook
• Index is consolidating near upper band of the rising channel.
Technical Stocks On Radar
MCX
(CMP: 2895, Mcap Rs 73,820 Cr.)
• Falling supply trend line breakout.
• Strong bullish candle.
• Surge in volumes.
• Immediate support at 2800.
SOLAR IND
(CMP: 18770, Mcap Rs 1,69,850 Cr.)
• More momentum above 19250.
• Overall uptrend.
• Momentum picking up .
• Immediate support at 18200.
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