Daily Market Insight - 31st August 2026 by Motilal Oswal Wealth Management
Nifty Technical Outlook
NIFTY (CMP : 24175 ) Nifty immediate support is at 24050 then 23900 zone while resistance at 24350 then 24450 zones. Now if it crosses and holds above 24200 zones then upside could be seen towards 24350 then 24450 zones while support can be seen at 24050 then 23900 zones.
Sensex Technical Outlook
SENSEX (CMP : 77264) Sensex support is at 77000 then 76700 zones while resistance at 77500 then 77800 zones. Now it has to cross and hold above 77300 zones for a bounce towards 77500 then 77800 levels while a hold below the same could see some weakness towards 77000 then 76700 zones.
Bank Nifty Technical Outlook
BANK NIFTY (CMP : 57496) Bank Nifty support is at 57000 then 56750 zones while resistance at 58000 then 58250 zones. Now if it crosses and holds above 57750 zones then upside could be seen towards 58000 then 58250 zones while support can be seen at 57000 then 56750 zones.
Midcap100 Index Technical Outlook
Smallcap 250 Index Technical Outlook
Technical Stocks On Radar
EICHER MOTORS Ltd.
(CMP:8059 , Mcap Rs 2,21,237 Cr.)
• More Momentum above 8165.
• Perfectly Respecting 20 DEMA .
• Base Shifting Higher
• Immediate support at 7800
GLENMARK PHARMA Ltd.
(CMP:2515, Mcap Rs 70,980 Cr.)
• Range Breakout on daily chart.
• Surging Volumes.
• Forming Higher Highs-Higher Lows from past 5 sessions .
• Immediate support at 2470.
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