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Nifty Technical Outlook

NIFTY (CMP : 25069)

Nifty immediate support is at 25000 then 24900 zones while resistance at 25250 then 25350 zones. Now it has to hold above 25050 zones for an up move towards 25250 then 25350 zones while supports can be seen at 25000 then 24900 zones

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 54887)

Bank Nifty support is at 54750 then 54500 zones while resistance at 55250 then 55555 zones. Now it has to hold above 54750 zones for an up move towards 55250 then 55555 zones while on the downside support is seen at 54750 then 54500 levels.

Technical Stocks On Radar

Jio Financial Services Ltd

(CMP: 315, Mcap Rs. 2,00,351 Cr.)

* Stock has formed a base around 50 DEMA.

* Strong bullish candle with rise in volumes.

* Stochastic indicator rising.

* Immediate support at 307.

Phoenix Mills Ltd

(CMP: 1587, Mcap Rs. 56,766 Cr.)

* Falling supply trendline breakout.

* Cross above 200 DEMA support zones.

* High volumes on up moves.

* RSI momentum indicator rising.

* Immediate support at 1540.

Nifty : Option Data

* Maximum Call OI is at 25100 then 25500 strike while Maximum Put OI is at 25000 then 25100 strike.

* Call writing is seen at 25100 then 25150 strike while Put writing is seen at 25100 then 25050 strike.

* Option data suggests a broader trading range in between 24700 to 25300 zones while an immediate range between 24900 to 25200 levels.

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