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Nifty Technical Outlook

NIFTY (CMP : 24618 ) Nifty immediate support is at 24000 then 23800 zone while resistance at 24300 then 24444 zones. Now if it hold below 24200 zones weakness can be seen towards 24000 and then 23800 while hurdles are seen at 24300 then 24444 zones.

Sensex Technical Outlook

Sensex (CMP : 77409) Sensex support is at 76800 then 76500 zones while resistance at 77700 then 78000 zones. Now if it hold below 77500 zones weakness can be seen towards 76800 then 76500 zones while hurdles are seen at 77700 and then 78000.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 57963) Bank Nifty support is at 57500 then 57250 zones while resistance at 58250 then 58500 zones. Now if it holds below 58000 zones weakness can be seen towards 57500 then 57250 levels while hurdles are seen at 58250 then 58500 zones.

Midcap100 Index Technical Outlook

• Index is sustaining above 20 DEMA.

Smallcap250 Index Technical Outlook

• Index has given a Symmetrical Triangle Breakout.

Technical Stocks On Radar

BHEL

(CMP: 406, Mcap Rs 1,41,354 Cr.)

• Stock has given a falling channel Breakout

• Stock is sustaining above 20 DEMA.

• RSI has given positive crossover.

• Immediate support at 385.

OLECTRA

(CMP: 1446, Mcap Rs 11,872 Cr.)

• Stock has given a consolidation Breakout.

• Sustaining above 20 DEMA.

• RSI has given positive crossover.

• Immediate support at 1380.

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