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Nifty Technical Outlook

NIFTY (CMP : 24032) Nifty immediate support is at 23900 then 23800 zone while resistance at 24150 then 24300 zones. Now it has to hold above 24000 zones for an up move towards 24150 then 24300 zones while supports are placed at 23900 then 23800 zones

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 54547) Bank Nifty support is at 54250 then 54000 zones while resistance at 55500 then 55250 zones. Now it has to cross and hold above 54750 zones for a bounce towards 55000 then 55250 levels while a hold below the same could see some weakness towards 54250 then 54000 zones.

Sensex (CMP : 77017) Sensex support is at 76900 then 76700 zones while resistance at 77000 then 77900 zones. Now it has to hold above77000 for an up move towards 77500 then 77700 zones while support can be seen at 76700 then 76500 zones.

Midcap100 Index Technical Outlook

Nifty Midcap100 Stats Advance Decline 55 45

• The Index is trading within a narrow range and is on the verge of a breakout.

• The market breadth was in favour of the advances.

Smallcap250 Index Technical Outlook

Nifty SmallCap250 Stats Advance Decline 117 133 6-May-26 Investment in securities market are subject to market risks, read all the related documents carefully before investing. 16

• The Index has broken out from a falling supply trendline with the RSI indicator rising.

• The market breadth was marginally in favour of the declines

Technical Stocks On Radar

NAM INDIA

(CMP: 1053, Mcap Rs 67,174 Cr.)

• Range breakout above 1065.

• Strong bodied bullish candle.

• High traded volumes.

• RSI indicator positively placed.

• Immediate support at 1015.

DATAPATTNS

(CMP: 4220, Mcap ? 23,613 Cr.)

• Bullish “Pole and Flag” pattern.

• Strong bodied bullish candle.

• High traded volumes.

• RSI indicator rising.

• Immediate support at 4075.

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