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Nifty Technical Outlook

NIFTY (CMP : 22535) Nifty immediate support is at 22350 then 22222 zones while resistance at 22700 then 22850 zones. Now it has to hold above 22500 zones for strength to commence towards 22700 and 22850 zones whereas supports have shifted higher to 22350 then 22222 zones

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 50511) Bank Nifty support is at 50000 then 49750 zones while resistance at 51000 then 51250 zones. Now it has to hold above 50250 zones for a bounce towards 51000 then 51250 levels while a hold below the same could see some weakness toward 50000 then 49750 zones

BERGEPAINT

CMP: 535, Mcap 62,439 Cr.

* Consolidation Breakout on daily chart.

* Strong bullish candlestick.

* Holding 50 DEMA support zones.

* RSI indicator showing strength.

* Immediate support at 517.

IGL 24th Apr FUT

(CMP: 179, Mcap 25,222 Cr.)

* Range breakdown below 175.50.

* Rise in selling volumes visible.

* RSI giving bearish crossover.

* Immediate resistance at 186.

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