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Nifty Technical Outlook

NIFTY (CMP : 23907) 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 : 54853) Bank Nifty support is at 54500 then 54250 zones while resistance at 55250 then 55500 zones. Now it has to cross and hold above 55000 zones for a bounce towards 55250 then 55500 levels while on the downside support is seen at 54500 then 54250 zones.

Sensex Technical Outlook Sensex (CMP : 75867)

Sensex support is at 75700 then 75500 zones while resistance at 76300 then 76700 zones. Now it has to hold above 75700 zones for an up move towards 76300 then 76700 levels while support are seen at 75700 then 75500 zones.

Midcap100 Index Technical Outlook Nifty 

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

• The market breadth was flattish.

Smallcap250 Index Technical Outlook Nifty

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

• Momentum indicator RSI is positively placed

Technical Stocks On Radar

KIRLOSKAR OIL (CMP: 1830, Mcap Rs 26,602 Cr.)

• Range breakout on daily chart.

• Strong bodied bullish candle.

• Respecting 50 DEMA.

• RSI indicator positively placed.

• Immediate support at 1770

JWL

(CMP: 298, Mcap Rs 12,757 Cr.)

• More momentum above 309.

• On the verge of Cup & Handle pattern breakout.

• High traded volumes.

• RSI indicator positively placed.

• Immediate support at 290.

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