IGI Logo

Nifty Technical Outlook

NIFTY (CMP : 24631)

Nifty immediate support is at 24442 then 24350 zones while resistance at 24750 then 24900 zones. Now it has to hold above 24500 zones for an up move towards 24800 then 25000 zones while supports can be seen at 24442 then 24350 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 55341)

Bank Nifty support is at 55000 then 54750 zones while resistance at 55555 then 55750 zones. Now it has to hold above 55250 zones for an up move towards 55750 then 56000 levels while on the downside support is seen at 55250 then 55000 zones.

Sensex Technical Outlook

Sensex (CMP : 80597)

Sensex support is at 80300 then 80000 zones while resistance at 80800 then 81100 zones. Now it has to hold above 80500 zones then up move can be seen towards 80800 then 81100 zones while supports can be seen at 80300 then 80000 zones.

Stocks On Radar

Asian Paints Ltd

(CMP: 2628, Mcap Rs.2,42,552 Cr.)

* Higher lows formation on daily chart.

* Respecting 100 DEMA support zones.

* Strong bullish candle.

* MACD indicator rising.

* Immediate support at 2415.

Aditya Birla Capital Ltd

(CMP: 273, Mcap Rs. 71,299 Cr.)

* Bounce up from 20 DEMA support zones.

* Stock in overall uptrend.

* Stochastic turned up from oversold zones.

* Immediate support at 250.

Derivative Outlook

* Nifty August future closed at 24684.70 with a premium of 53.40 point v/s 92.85 point premium in the last session.

* Nifty Put/Call Ratio (OI) decreased from 1.08 to 1.01 level.

* India VIX increased by 1.77% to 12.36 level.

FII Cash & Derivative Activity

* FIIs on Derivatives front : Short covering in Index Futures, position unwinding in index options.

* In the cash market : FIIs were net sellers to the tune of 3564 Cr and DIIs were net buyers worth 3700 Cr.

* FIIs long short ratio : decreased to 8.30%

Nifty : Option Data

* Maximum Call OI is at 24700 then 25000 strike while Maximum Put OI is at 24600 then 24500 strike.

* Call writing is seen at 24700 then 25000 strike while Put writing is seen at 24700 then 24600 strike.

* Option data suggests a broader trading range in between 24100 to 25100 zones while an immediate range between 24400 to 24900 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