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Nifty Technical Outlook

NIFTY (CMP : 23649) Nifty immediate support is at 23500 then 23333 zone while resistance at 23850 then 24000 zones. Now it has to cross and hold above 23700 zones for an up move towards 23850 then 24000 zones while hold below the same can see some weakness towards 23500 and then 23333 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 53537) Bank Nifty support is at 53000 then 52750 zones while resistance at 54000 then 54250 zones. Now it has to hold above 53500 zones for a bounce towards 54000 then 54250 levels while a hold below the same could see some weakness towards 53000 then 52750 zones.

Sensex Technical Outlook

Sensex (CMP : 75315) Sensex support is at 74800 then 74500 zones while resistance at 75800 then 76200 zones. Now it has to cross and hold above 75500 zones for strength to rebuild towards 75800 then 76200 zones while hold below the same can see weakness towards 74800 and then 74500 zones..

• Index is taking support around its 20 DEMA zones.

• Index is taking support near previous swing lows.

Technical Stocks On Radar

BHARTI AIRTEL (CMP: 1938, Mcap Rs 11,80,938 Cr.)

• Channel breakout on daily chart.

• Strong bullish candle

• Noticeable volumes

• Immediate support at 1890.

VBL (CMP: 512, Mcap Rs 1,73,004 Cr.)

• Retest of breakout and inching higher.

• Outperforming within FMCG space.

• RSI indicator positively placed.

• Immediate support at 490.

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