Nifty immediate support is at 23400 then 23300 zone while resistance at 23750 then 23950 zones by Motilal Oswal Wealth Management
Nifty Technical Outlook
NIFTY (CMP : 23581) Nifty immediate support is at 23400 then 23300 zone while resistance at 23750 then 23950 zones. Now it has to continue to hold above 23500 zones for an up move towards 23750 then 23950 zones while supports have shifted higher to 23400 then 23300 zones.
Bank Nifty Technical Outlook
BANK NIFTY (CMP : 54876) Bank Nifty support is at 54500 then 54250 zones while resistance at 55250 then 55500 zones. Now it has to hold above 54750 zones for a bounce towards 55250 then 55500 levels while on the downside support is seen at 54500 then 54250 zones
Sensex Technical Outlook
Sensex (CMP : 76070) Sensex support is at 75500 then 75000 zones while resistance at 76500 then 77000 zones. Now it has to hold above 75750 zones for an up move towards 76500 then 77000 zones while supports can be seen at 75500 then 75000 zones.
Midcap100 Index Technical Outlook
Smallcap250 Index Technical Outlook
Technical Stocks On Radar
Power Finance Corporation Ltd
(CMP: 418, Mcap Rs 1,37,961 Cr.)
* On the verge of breakout above 427.
* Bullish candle
* Momentum picking up.
* Immediate support at 404.
Cipla Ltd
CMP: 1284, Mcap Rs 1(,03,549 Cr.)
* Stock in overall downtrend.
* Range breakdown below swing low.
* RSI momentum indicator giving bearish cross over.
* Immediate resistance at 1310.
Nifty : Option Data
* Maximum Call OI is at 24000 then 23500 strike while Maximum Put OI is at 23000 then 23500 strike.
* Call writing is seen at 23600 then 24000 strike while Put writing is seen at 23000 then 23500 strike.
* Option data suggests a broader trading range in between 23100 to 24100 zones while an immediate range between 23300 to 23900 levels.
For More Research Reports : Click Here
For More Motilal Oswal Securities Ltd Disclaimer
http://www.motilaloswal.com/MOSLdisclaimer/disclaimer.html
SEBI Registration number is INH000000412
