Daily Market Insight - 8th June 2026 by Motilal Oswal Wealth Mangement
Nifty Technical Outlook
NIFTY (CMP : 23366) Nifty immediate support is at 23000 then 22800 zone while resistance at 23450 then 23550 zones. Now if it holds below 23200 zones weakness could be seen towards 23000 then 22800 zones while hurdles can be seen at 23450 then 23550 zones.
Sensex Technical Outlook
Sensex (CMP : 74243) Sensex support is at 73500 then 73200 zones while resistance at 74500 then 74700 zones. Now if it holds below 74000 zones weakness could be seen towards 73500 then 73200 levels while hurdles can be seen at 74500 then 74700 zones
Bank Nifty Technical Outlook
BANK NIFTY (CMP : 54496) Bank Nifty support is at 54000 then 53500 zones while resistance at 54750 then 55000 zones. Now if it holds below 54500 zones weakness could be seen towards 54000 then 53500 levels while on the upside hurdle is seen at 54750 then 55000 zones.
Midcap100 Index Technical Outlook
• The Index is hovering above its 50 DEMA support zones and RSI indicator showing weakness.
• The market breadth was marginally in favour of the declines.
Smallcap250 Index Technical Outlook
• The Index is hovering above its 50 DEMA support zones and the RSI indicator is flattish.
• The market breadth was marginally in favour of the declines.
Technical Stocks On Radar
JINDALSTEL 30th June FUT
(CMP: 1187, Mcap ? 1,20,503 Cr.)
• Hovering around 100 DEMA zones.
• Breakdown below 1178 levels.
• Lower lows formation.
• RSI indicator declining.
• Immediate resistance at 1220
GREAVESCOT
(CMP: 192, Mcap ? 4,477 Cr.)???????
• Inverted “Head and Shoulder” pattern breakout.
• Surpassed above 200 DEMA.
• Strong bodied bullish candle.
• RSI momentum indicator rising.
• Immediate support at 179
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