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2026-08-07 09:57:44 am | Source: Motilal Oswal Wealth Management
Daily Market Insight - 7th August 2026 by Motilal Oswal Wealth Mangement
Daily Market Insight - 7th August  2026 by Motilal Oswal Wealth Mangement

Nifty Technical Outlook

NIFTY (CMP : 24636 ) Nifty immediate support is at 24500 then 24400 zone while resistance at 24800 then 24950 zones. Now it has to hold above 24600 zones for an up move towards 24800 then 24950 zones while support can be seen at 24500 then 24400 zones.

 

Sensex Technical Outlook

Sensex (CMP : 78954) Sensex support is at 78600 then 78400 zones while resistance at 79300 then 79500 zones. Now it has to hold above 78800 zones for a bounce towards 79300 then 79500 levels while support can be seen at 78600 then 78400 zones.

 

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 58063) Bank Nifty support is at 57750 then 57500 zones while resistance at 58500 then 58750 zones. Now it has to hold above 58000 zones for an up move towards 58500 then 58750 levels while on the downside support is seen at 57750 then 57500 levels.

 

Midcap100 Index Technical Outlook

• Index is hovering near trend line supports.

 

Smallcap 250 Index Technical Outlook

 

Technical Stocks On Radar

ETERNAL

(CMP: 316, Mcap Rs 3,05,192 Cr.)

• Stock has given Pole & Pennant breakout.

• Respecting 20 DEMA

• RSI is positively placed

• Immediate support at 305.

 

AU SMALL FINANCE BANK

(CMP: 1088, Mcap Rs 81,525 Cr.)

• Stock has given range breakout on daily chart.

• Noticeable volumes .

• RSI Positively placed .

• Immediate support at 1050.

 

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