Market Round-up - 3rd August 2026 by Motilal Oswal Wealth Mangement
Nifty Technical Outlook
NIFTY (CMP : 24383 ) Nifty immediate support is at 24300 then 24200 zone while resistance at 24600 then 24800 zones. Now it has to hold above 24400 zones for an up move towards 24600 then 24800 zones while support can be seen at 24300 then 24200 zones.
Sensex Technical Outlook
Sensex (CMP : 78094) Sensex support is at 77900 then 77700 zones while resistance at 78700 then 79000 zones. Now it has to hold above 78500 zones for a bounce towards 78700 then 79000 levels while on the downside support is shifting higher at 77900 then 77700 zones.
Bank Nifty Technical Outlook
BANK NIFTY (CMP : 57264) Bank Nifty support is at 57000 then 56750 zones while resistance at 57750 then 58000 zones. Now it has to hold above 57250 zones for a bounce towards 57750 then 58000 levels while on the downside support is seen at 57000 then 56750 zones.
Midcap100 Index Technical Outlook
• Index is on the verge of breakout above 63200 marks.
Smallcap250 Index Technical Outlook
• Index is perfectly respecting 50 DEMA.
Technical Stocks On Radar
BHARAT FORGE
(CMP: 2200, Mcap Rs 1,05,170 Cr.)
• Stock is in overall uptrend.
• More momentum above 2233.
• RSI is positively placed
• Immediate support at 2120.
AMARA RAJA
(CMP: 910, Mcap Rs 16,664 Cr.)
• Stock is on the verge of giving triangle breakout above 930.
• Respecting 50 DEMA
• RSI Positively placed .
• Immediate support at 880.
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