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Nifty Technical Outlook

NIFTY (CMP : 23913) Nifty immediate support is at 23800 then 23700 zone while resistance at 24100 then 24250 zones. Now it has to hold above 23900 zones for an up move towards 24100 then 24250 zones while on the downside support can be seen at 23800 then 23700 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 55092) Bank Nifty support is at 54750 then 54500 zones while resistance at 55500 then 55750 zones. Now it has to hold above 55000 zones for an up move towards 55500 then 55750 zones while support is seen at 54750 then 54500 levels

Sensex Technical Outlook

Sensex (CMP : 76009) Sensex support is at 75800 then 75500 zones while resistance at 76300 then 76800 zones. Now it has to hold above 75800 zones for an up move towards 76300 then 76800 levels while support are seen at 75800 then 75500 zones.

Midcap100 Index Technical Outlook

• The midcap100 Index has given a range breakout at its “All Time High” zones.

• The market breadth was flattish.

Smallcap250 Index Technical Outlook

• Retesting breakout zones and after taking support at 50 DEMA and headed up.

• The market breadth flattish.

Technical Stocks On Radar

SONACOMS

(CMP: 608, Mcap Rs 37,819 Cr.)

• Range breakout on daily chart.

• Strong bodied bullish candle.

• Respecting 50 DEMA.

• RSI indicator positively placed.

• Immediate support at 580.

CHAMBLFERT

(CMP: 478, Mcap Rs 19,149 Cr.)

• Falling supply trendline breakout.

• Surpassed above 200 DEMA.

• High traded volumes.

• RSI indicator positively placed.

• Immediate support at 460.

Technical Chart Pattern for the Day

• Bullish “Inverted Head and Shoulder” Pattern Breakout. Support ; 168.

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