Nifty immediate support is at 25600 then 25500 zones while resistance at 25850 then 26000 zones by Motilal Oswal Weal
Nifty Technical Outlook
NIFTY (CMP : 25713) Nifty immediate support is at 25600 then 25500 zones while resistance at 25850 then 26000 zones. Now it has to hold above 25650 zones for an up move towards 25850 then 26000 zones while supports can be seen at 25600 then 25500 zones
Bank Nifty Technical Outlook
BANK NIFTY (CMP : 61264) Bank Nifty support is at 61000 then 60750 zones while resistance at 61500 then 61765 zones. Now it has to hold above 61000 zones for an up move towards 61500 then 61765 marks while on the downside support is seen at 61000 then 60750 zones
Sensex Technical Outlook
Sensex (CMP : 83294) Sensex support is at 83000 then 82800 zones while resistance at 83600 then 84000 zones. Now it has to hold above 83000 for an up move towards 83600 then 84000 zones while supports are shifting higher to 83000 then 82800 zones
Smallcap250 Index Technical Outlook
Technical Stocks On Radar
POLY CAB
(CMP: 7974, Mcap ? 1,20,048 Cr.)
* Consolidation breakout on the daily chart.
* High traded volumes.
* MACD indicator confirming positive momentum.
* Immediate support at 7700.
BHARAT FORGE
(CMP: 1832, Mcap ? 87,586 Cr.)
* Bullish Pole & Flag pattern breakout on daily chart.
* Strong bullish candle.
* Noticeable volumes.
* ADX line rising.
* Immediate support at 1770 .
Nifty : Option Data
* Maximum Call OI is at 26000 then 25800 strike while Maximum Put OI is at 25600 then 25500 strike.
* Call writing is seen at 25750 then 25700 strike while Put writing is seen at 25700 then 25600 strike.
* Option data suggests a broader trading range in between 25300 to 26200 zones while an immediate range between 25500 to 25900 levels.
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