Nifty immediate support is at 23650 then 23500 zone while resistance at 23950 then 24100 zones by Motilal Oswal Wealth Management
Nifty Technical Outlook
NIFTY (CMP : 23777) Nifty immediate support is at 23650 then 23500 zone while resistance at 23950 then 24100 zones. Now it has to continue to hold above 23750 zones for an up move towards 23950 then 24100 zones while a hold below the same could see weakness towards 23650 then 23500 zones.
Bank Nifty Technical Outlook
BANK NIFTY (CMP : 55326) Bank Nifty support is at 55000 then 54750 zones while resistance at 55750 then 56000 zones. Now it has to hold above 55000 zones for a bounce towards 55750 then 56000 levels while hold below the same could see downside move towards 55000 then 54750 zones.
Sensex Technical Outlook
Sensex (CMP : 76704) Sensex support is at 76000 then 75500 zones while resistance at 77000 then 77500 zones. Now if it manages to hold above 76500 zones then up move can be seen towards 77000 then 77500 zones while hold below the same can see weakness towards 76000 then 75500 zones.
Midcap100 Index Technical Outlook
Smallcap250 Index Technical Outlook
Technical Stocks On Radar
Bharat Forge Ltd
(CMP: 1804, Mcap Rs 86,266 Cr.)
* Bouncing from 50 DEMA.
* Strong Bullish candle
* Higher traded volumes.
* Immediate support at 1760.
Apollo Hospitals Enterprise Ltd
(CMP: 7484, Mcap Rs 1,07,422 Cr.)
* Stock is making lower highs.
* Trading below 20 DEMA.
* MACD negative crossover.
* Immediate resistance at 7600.
Nifty : Option Data
* Maximum Call OI is at 24000 then 23800 strike while Maximum Put OI is at 23700 then 23600 strike.
* Call writing is seen at 23800 then 23700 strike while Put writing is seen at 23700 then 23800 strike.
* Option data suggests a broader trading range in between 23400 to 24300 zones while an immediate range between 23600 to 24000 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
