Daily Market Insight - 22th June 2026 by Motilal Oswal Wealth Mangement
Nifty Technical Outlook
NIFTY (CMP : 24013 ) Nifty immediate support is at 23900 then 23800 zone while resistance at 24200 then 24300 zones. Now it has to cross and hold above 24050 zones for an up move towards 24200 then 24300 zones while support are seen at 23900 and then 23800.
Sensex Technical Outlook
Sensex (CMP : 76802) Sensex support is at 76500 then 76000 zones while resistance at 77300 then 77700 zones. Now it has to cross and hold above 77000 zones for an up move towards 77300 then 77700 zones while supports are seen at 76500 and then 76000 zones.
Bank Nifty Technical Outlook
BANK NIFTY (CMP : 57685) Bank Nifty support is at 57500 then 57250 zones while resistance at 58250 then 58500 zones. Now it has to cross and hold above 58000 zones for an up move towards 58250 then 58500 levels while on the downside support is seen at 57500 then 57250 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
ETERNAL
(CMP: 264, Mcap Rs 2,55,059 Cr.)
• Stock has given a falling Trendline Breakout
• Stock is sustaining above 20 DEMA.
• RSI is trending upward.
• Immediate support at 252.
ABCAPITAL
(CMP: 376, Mcap Rs 98,555 Cr.)
• Stock has formed Bullish Engulfing on daily Timeframe.
• Sustaining above 20 DEMA.
• RSI has given trending upward.
• Immediate support at 360.
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