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Nifty Technical Outlook

NIFTY (CMP : 23768 ) Nifty immediate support is at 23700 then 23600 zone while resistance at 24000 then 24100 zones. Now it has to hold above 23800 zones for an up move towards 24000 then 24100 zones while support can be seen at 23700 then 23600 zones.

Sensex Technical Outlook

Sensex (CMP : 76059) Sensex support is at 75700 then 75500 zones while resistance at 76500 then 76800 zones. Now it has to hold above 76200 zones for a bounce towards 76500 then 76800 marks while hold below the same could see weakness towards 75700 and then 75500 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 56693) Bank Nifty support is at 56500 then 56250 zones while resistance at 57250 then 57500 zones. Now it has to hold above 56750 zones for a bounce 57250 then 57500 levels while a hold below the same could see some weakness towards 56500 then 56250 zones.

Midcap100 Index Technical Outlook

• Index is hovering below 20 DEMA.

Smallcap250 Index Technical Outlook

• Index has formed hammer on daily timeframe.

Technical Stocks On Radar

LAURUSLABS

(CMP: 1601, Mcap Rs 86,505 Cr.)

• Stock has given consolidation breakout.

• Stock is sustaining above 20 DEMA.

• Stock is making Higher Highs and higher lows.

• Immediate support at 1560

PAYTM

(CMP: 1283, Mcap Rs 82,213 Cr.)

• Stock has bounced from support zones.

• Sustaining above 20 DEMA.

• Stock has formed Bullish Engulfing.

• Immediate support at 1250.

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