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Nifty Technical Outlook

NIFTY (CMP : 25476)

Nifty immediate support is at 25400 then 25300 zones while resistance at 25650 then 25800 zones. Now it has to cross and hold above 25500 zones for an up move towards 25650 then 25800 zones whereas supports can be seen at 25400 then 25300 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 57213)

Bank Nifty support is at 57000 then 56750 zones while resistance at 57500 then 57750 zones. . Now it has to hold above 57000 zones for an up move towards 57500 then new life high territory towards 57750 zones while on the downside support is seen at 57000 then 56750 levels.

Stocks On Radar

ULTRACEMCO

(CMP: 12562, Mcap ? 3,70,176 Cr.)

* Range breakout at “All Time High” Zones.

* Higher than average traded volumes.

* RSI momentum indicator rising.

* Immediate support at 12200.

NAM INDIA

(CMP: 801, Mcap ? 50,892 Cr.)

* Consolidation breakout above 882.

* Respecting 20 DEMA support zones.

* RSI indicator positively placed.

* Immediate support at 770.

Derivative Outlook

* Nifty July future closed at 25558.80 with a premium of 82.70 point v/s 89.40 point premium in the last session.

* Nifty Put/Call Ratio (OI) decreased from 1.04 to 0.86 level.

* India VIX decreased by 2.09% to 11.94 level.

FII Cash & Derivative Activity

* FIIs on Derivatives front : Short built up in index futures, call selling and put buying in index options.

* In the cash market : FIIs were net buyers to the tune of 75 Cr while DIIs were also net buyers worth 1038 Cr.

* FIIs long short ratio : decreased to 27.70%

Nifty : Option Data

* Maximum Call OI is at 25500 then 25600 strike while Maximum Put OI is at 25500 then 25400 strike.

* Call writing is seen at 25500 then 25600 strike while Put writing is seen at 25500 then 25450 strike.

* Option data suggests a broader trading range in between 25000 to 26000 zones while an immediate range between 25300 to 25700 levels.

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