Daily Market Insight - 19th August 2026 by Motilal Oswal Wealth Mangement
Nifty Technical Outlook
NIFTY (CMP : 24154 ) Nifty immediate support is at 24000 then 23900 zone while resistance at 24350 then 24450 zones. Now it has to cross and hold above 24200 zones then upside could be seen towards 24350 then 24450 zones else a hold below the same could see weakness towards 24000 then 23900 zones.
Sensex Technical Outlook
Sensex (CMP : 77234) Sensex support is at 77000 then 76700 zones while resistance at 77500 then 77800 zones. Now it has to cross and hold above 77300 zones for a bounce towards 77500 then 77800 levels while a hold below the same could see some weakness towards 77000 then 76700 zones.
Bank Nifty Technical Outlook
BANK NIFTY (CMP : 57262) Bank Nifty support is at 57000 then 56500 zones while resistance at 57750 then 58000 zones. Now it has to hold above 57250 zones for a bounce towards 57750 then 58000 levels while on the downside support is seen at 57000 then 56500 zones.
Midcap100 Index Technical Outlook
Smallcap 250 Index Technical Outlook
Technical Stocks On Radar
SAMVARDHANA MOTHERSON
(CMP: 170, Mcap Rs 1,79,848 Cr.)
• Pole & Pennant breakout on daily chart.
• Bullish candle.
• RSI Positively placed.
• Immediate support at 165.
ZEN TECHNOLOGIES
(CMP: 1982, Mcap Rs 17,899 Cr.)
• More momentum above 2024.
• Overall uptrend.
• Buying visible across Defence space.
• Immediate support at 1930.
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