MOSt Market Roundup: Nifty immediate support is at 25350 then 25250 zones while resistance at 25650 then 25750 zones by Motilal Oswal Wealth Management
Nifty Technical Outlook
NIFTY (CMP : 25496)
Nifty immediate support is at 25350 then 25250 zones while resistance at 25650 then 25750 zones. Now it has to cross and hold above 25500 zones for strength to rebuild towards 25650 then 25750 zones while supports can be seen at 25350 then 25250 zones
Bank Nifty Technical Outlook
BANK NIFTY (CMP : 61187)
Bank Nifty support is at 61000 then 60750 zones while resistance at 61500 then 61765 zones. Now it has to hold above 61000 zones for an up move towards 61500 then 61765 marks while on the downside support is seen at 61000 then 60750 zones
Sensex Technical Outlook
Sensex (CMP : 82248)
Sensex support is at 82000 then 81700 zones while resistance at 82700 then 83000 zones. Now it has to cross and hold above 82500 zones for strength to rebuild towards 82700 then 83000 zones while supports can be seen at 82000 then 81700 zones.
Technical Stocks On Radar
Bharat Electronics Ltd
(CMP: 449, Mcap 3,28,246 Cr.)
* Retesting breakout zones.
* Respecting 20 DEMA support.
* Strong bullish candle.
* RSI indicator confirming positive momentum.
* Immediate support at 430
JSW Steel Ltd
(CMP: 1280, Mcap 3,13,165 Cr.)
* Range breakout on daily chart.
* Respecting 20 DEMA support zones.
• RSI momentum indicator rising.
* Immediate support at 1230.
Nifty : Option Data
* Maximum Call OI is at 25500 then 25600 strike while Maximum Put OI is at 25500 then 25400 strike.
* Call writing is seen at 25500 then 25600 strike while Put writing is seen at 25400 then 25450 strike.
* Option data suggests a broader trading range in between 25000 to 26000 zones while an immediate range between 25300 to 25700 levels
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