IGI Logo

Nifty Technical Outlook

NIFTY (CMP : 25482) Nifty immediate support is at 25350 then 25250 zones while resistance at 25650 then 25750 zones. Now it has to cross and hold above 25500 zones for strength to rebuild towards 25650 then 25750 zones while supports can be seen at 25350 then 25250 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 61043) Bank Nifty support is at 60750 then 60500 zones while resistance at 61250 then 61500 zones. Now it has to hold above 61000 zones for an up move towards 61250 then 61500 levels while a hold below the same some weakness could be seen towards 60750 then 60500 zones.

Sensex Technical Outlook

Sensex (CMP : 82276) Sensex support is at 82000 then 81700 zones while resistance at 82600 then 82900 zones. Now till it holds below 82600 zones weakness could be seen towards 82000 then 81700 zones while hurdles have shifted lower to 82600 then 82900 zones.

Midcap100 Index Technical Outlook

* Formed a Doji candlestick at its 100 DEMA support.

Smallcap250 Index Technical Outlook.

* Formed a small bodied candle and hovering below 50 DEMA.

Technical Stocks On Radar

Laurus Labs Ltd

(CMP: 1076, Mcap Rs. 58,107 Cr.)

* Surpassed above 100 DEMA.

* Strong bodied bullish candle.

* High traded volumes.

* RSI indicator confirming positive momentum.

* Immediate support at 1025.

Astral Ltd

(CMP: 1683, Mcap Rs. 45,219 Cr.).

* Bullish “Pole & Flag” pattern

* Strong bullish candle.

* RSI momentum indicator rising.

* Immediate support at 1600.

Technical Chart Pattern for the Day

* Bullish “Pennant” chart pattern pattern; Support : 204

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