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Nifty Technical Outlook

NIFTY (CMP : 25083)

Nifty immediate support is at 24900 then 24800 zones while resistance at 25150 then 25250 zones. . Now it has to hold above 25000 zones for an up move towards 25150 then 25250 zones while supports can be seen at 24900 then 24800 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 55755)

Bank Nifty support is at 55555 then 55250 zones while resistance at 56000 then 56250 zones. Now it has to hold above 55555 zones for an up move towards 56000 then 56250 levels while on the downside support is seen at 55555 then 55250 zones

Stocks On Radar

Zydus Lifesciences Ltd

(CMP: 986, Mcap Rs.99,195 Cr.)

* Verge of consolidation breakout above 1003.

* Respecting 500 DEMA support zones.

* MACD indicator giving bullish crossover.

* Immediate support at 970.

Max Financial Services Ltd

(CMP: 1659, Mcap Rs.57,261 Cr.)

* Range breakout above 1675.

* Hovering at “All Time High” zones.

* Bounce up from 100 DEMA.

* High volumes visible.

* MACD momentum indicator rising.

* Immediate support at 2735.

Nifty : Option Data

* Maximum Call OI is at 25500 then 25200 strike while Maximum Put OI is at 25000 then 24500 strike.

* Call writing is seen at 25600 then 25100 strike while Put writing is seen at 25100 then 25000 strike.

* Option data suggests a broader trading range in between 24600 to 25600 zones while an immediate range between 24800 to 25300 levels.

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