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Nifty Technical Outlook

NIFTY (CMP : 24624 ) Nifty immediate support is at 24500 then 24400 zone while resistance at 24800 then 25000 zones. Now it has to hold above 24600 zones for an up move towards 24800 then 25000 zones while support can be seen at 24500 then 24400 zones.

Sensex Technical Outlook

Sensex (CMP : 78581) Sensex support is at 78200 then 77900 zones while resistance at 78800 then 79200 zones. Now it has to hold above 78500 zones for a bounce towards 78800 then 79200 levels while support can be seen at 78200 then 77900 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 57739) Bank Nifty support is at 57250 then 57000 zones while resistance at 58000 then 58500 zones. Now it has to hold above 57500 zones for a bounce towards 58000 then 58500 levels while a hold below the same could see some weakness towards 57250 then 57000 levels.

Midcap100 Index Technical Outlook

• Index is holding above trend line supports.

Smallcap 250 Index Technical Outlook

Technical Stocks On Radar

ULTRATECH CEMENT

(CMP: 12190, Mcap Rs  3,59,214 Cr.)

• Stock is on the verge of triangle breakout above 12260.

• Formed a bullish candle.

• RSI is positively placed

• Immediate support at 11800.

360 ONE WAM LTD

(CMP: 1192, Mcap Rs 48,501 Cr.)

• Stock has given channel breakout on daily chart.

• Noticeable volumes .

• RSI Positively placed .

• Immediate support at 1160.

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