IGI Logo

Nifty Technical Outlook

NIFTY (CMP : 25239)

.Nifty immediate support is at 25150 then 25050 zones while resistance at 25350 then 25500 zones. Now it has to hold above 25150 zones for an up move towards 25350 then 25500 zones while supports can be seen at 25150 then 25050 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 55147)

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

Technical Stocks On Radar

Havells India Ltd

(CMP: 1615, Mcap Rs.1,01,239 Cr.)

* Bullish “Pole & Flag” pattern breakout.

* Strong bullish candle with rise in volumes.

* RSI momentum indicator rising.

* Immediate support at 1550.

Rail Vikas Nigam Ltd

(CMP: 355, Mcap Rs.73,997 Cr.)

* Stock has bounced up from major support levels.

* Surpassed above 50 DEMA.

* Higher than average volumes.

* RSI indicator positively placed.

* Immediate support at 335.

Nifty : Option Data

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

* Call writing is seen at 25200 then 25300 strike while Put writing is seen at 25200 then 25100 strike.

* Option data suggests a broader trading range in between 24800 to 25600 zones while an immediate range between 25000 to 25500 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