IGI Logo

Nifty Technical Outlook

NIFTY (CMP : 25509)

Nifty immediate support is at 25350 then 25200 zones while resistance at 25700 then 25800 zones. Now till it holds below 25650, weakness could be seen towards 25350 then 25200 zones while resistances have shifted lower to 25700 then 25800 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 57554)

Bank Nifty support is at 57250 then 57000 zones while resistance at 57750 then 58000 zones. Now till it holds below 57750 zones some weakness could be seen towards 57250 then 57000 levels while on the upside hurdle is seen at 57750 then 58000 levels.

Midcap100 Index Technical Outlook

* Breakdown below support zone and RSI indicator showing weakness.

Smallcap250 Index Technical Outlook

* Strong bodied Bearish candle and RSI momentum showing weakness.

Technical Stocks On Radar

RELIANCE

(CMP: 1496, Mcap Rs.20,24,593 Cr.)

* Negated Lower lows formation.

* Respecting 50 DEMA support.

* High traded volumes.

* RSI indicator positively crossover.

* Immediate support at 1460.

VOLTAS 25th Nov FUT

(CMP: 1289, Mcap Rs.42,764 Cr.)

* Double top pattern breakdown.

* Large bearish candle.

* Surge in volumes visible.

* RSI indicator positively placed.

* Immediate resistance at 1340.

Derivative Outlook

Nifty : Option Data

* Maximum Call OI is at 26000 then 25700 strike while Maximum Put OI is at 25500 then 25200 strike.

* Call writing is seen at 25600 then 25700 strike while Put writing is seen at 25500 then 25550 strike.

* Option data suggests a broader trading range in between 25000 to 26000 zones while an immediate range between 25200 to 25700 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