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Nifty Technical Outlook

NIFTY (CMP : 23654) Nifty immediate support is at 23500 then 23400 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 on the downside support can be seen at 23500 then 23400 zones

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 53439) Bank Nifty support is at 53250 then 53000 zones while resistance at 54000 then 54250 zones. Now it has to cross and hold above 53500 zones for a bounce towards 54000 then 54250 levels while on the downside support is seen at 53250 then 53000 zones.

Sensex Technical Outlook

Sensex (CMP : 75183) Sensex support is at 74800 then 74500 zones while resistance at 75600 then 75800 zones. Now it has to cross and hold above 75300 zones for strength to rebuild towards 75600 then 75800 zones while a hold below the same could see some weakness towards 74800 then 74500 zones.

Midcap100 Index Technical Outlook

• The midcap100 Index is hovering around its “All Time High” zones.

• The market breadth was in favour of the advances

Smallcap250 Index Technical Outlook

• Bouncing up from previous swing lows and formed a “Doji” candlestick suggesting indecision.

• The market breadth was in favour of the advances

Technical Stocks On Radar

APOLLOHOSP

(CMP: 8308, Mcap Rs 1,19,463 Cr.)

KEI

(CMP: 5700, Mcap Rs 50,066 Cr.)

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