Daily Market Insight - 31st July 2026 by Motilal Oswal Wealth Mangement
Nifty Technical Outlook
NIFTY (CMP : 24317 ) Nifty immediate support is at 24250 then 24150 zone while resistance at 24500 then 24600 zones. Now it has to hold above 24300 zones for an up move towards 24500 then 24600 zones while support can be seen at 24250 then 24150 zones.
Sensex Technical Outlook
Sensex (CMP : 77928) Sensex support is at 77500 then 77200 zones while resistance at 78200 then 78500 zones. Now it has to hold above 77700 zones for an up move towards 78200 then 78500 levels while on the downside support has shifted higher to 77500 then 77200 zones.
Bank Nifty Technical Outlook
BANK NIFTY (CMP : 57147) Bank Nifty support is at 56750 then 56500 zones while resistance at 57500 then 57750 zones. Now it has to hold above 57000 zones for a bounce towards 57500 then 57750 levels while on the downside support is seen at 56750 then 56500 zones
Midcap100 Index Technical Outlook
• Index is hovering near 20 DEMA
Smallcap250 Index Technical Outlook
• Index is hovering near 20 DEMA.
Technical Stocks On Radar
ALKEM
(CMP: 5816, Mcap Rs 69,533 Cr.)
• Stock has given falling trendline breakout.
• Stock is sustaining above 20 DEMA.
• RSI is trending Upward.
• Immediate support at 5650.
EXIDE
(CMP: 453, Mcap Rs 38,484 Cr.)
• Stock is on the verge of consolidation breakout.
• Sustaining above 20 DEMA.
• RSI has given positive crossover along with surge in volumes.
• Immediate support at 435
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