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Nifty Technical Outlook

NIFTY (CMP : 25202)

Nifty immediate support is at 25100 then 25000 zones while resistance at 25350 then 25500 zones. Now it has to hold above 25200 zones for an up move towards 25350 then 25500 zones while a hold below the same could see weakness towards 25100 then 25000 zones..

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 55284)

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

Technical Stocks On Radar

Samvardhana Motherson International Ltd

(CMP: 110, Mcap Rs.1,16,046 Cr.)

* Stock is retesting its breakout zones.

* Accumulation visible.

* MACD indicator rising.

* Immediate support at 106

Jindal Stainless Ltd

(CMP: 787, Mcap Rs. 64,876 Cr.)

* Bounce up from support zones.

* Respecting 20 DEMA.

* Rising traded volumes.

* MACD indicator giving bullish crossover.

* Immediate support at 755.

Nifty : Option Data

* Maximum Call OI is at 25300 then 25500 strike while Maximum Put OI is at 25200 then 25000 strike.

* Call writing is seen at 25300 then 25250 strike while Put writing is seen at 25200 then 25150 strike.

* Option data suggests a broader trading range in between 24700 to 25700 zones while an immediate range between 25000 to 25400 levels.

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