Daily Market Insight - 7th May 2026 by Motilal Oswal Wealth Mangement
Nifty Technical Outlook
NIFTY (CMP : 24330) Nifty immediate support is at 24150 then 24000 zone while resistance at 24500 then 24700 zones. Now it has to hold above 24300 zones for an up move towards 24500 then 24700 zones while supports are placed at 24150 then 24000 zones

Bank Nifty Technical Outlook
BANK NIFTY (CMP : 55981) Bank Nifty support is at 55750 then 55500 zones while resistance at 56500 then 57000 zones. Now it has to hold above 56000 zones for an up move towards 56500 then 57000 levels while on the downside support is seen at 55750 then 55500 zones.

Sensex Technical Outlook
Sensex (CMP : 77958) Sensex support is at 77700 then 77500 zones while resistance at 78500 then 78700 zones. Now it has to hold above 77700 zones for an up move towards 78500 then 78700 levels while support is placed at 77700 then 77500 zones

Midcap100 Index Technical Outlook
• The Index is on the verge of giving major range breakout above 61550 marks .
• The market breadth was in favour of the advances.

Smallcap250 Index Technical Outlook
• The Index has given range breakout of past 10 days with the RSI indicator rising.
• The market breadth was completely in favour of the advances

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