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Nifty Technical Outlook

NIFTY (CMP : 25763)

Nifty immediate support is at 25650 then 25500 zones while resistance at 25950 then 26100 zones. Now it has to cross and hold above 25800 zones for momentum to build towards 25950 then 26100 zones while supports can be seen at 25650 then 25500 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 58101)

Bank Nifty support is at 58000 then 57750 zones while resistance at 58350 then 58577 zones. Now it has to hold above 58000 zones for an up move towards 58350 then 58577 levels while on the downside support is seen at 58000 then 57750 zones

Midcap100 Index Technical Outlook

* Retesting breakout zones on daily chart.

Smallcap250 Index Technical Outlook

* Small bodied bullish candle and RSI momentum indicator rising.

Nifty 500 Seasonality

Technical Stocks On Radar

Torrent Pharmaceuticals Ltd

(CMP: 3628, Mcap Rs.1,22,793 Cr.)

* Descending tringle pattern on daily chart.

* Respecting 50 DEMA.

* RSI indicator positively placed.

* Immediate support at 3515.

Tata Consumer Products Ltd

(CMP: 1197, Mcap Rs.1,18,498 Cr.)

* Consolidation Breakout

* Strong bullish candle.

* Surge in volumes visible.

* RSI indicator positively placed.

* Immediate support at 1155

Technical Chart Pattern for the Day

* Inverted “Head & Shoulder” pattern formation; Support : 1700, Resistance : 1930

Nifty : Option Data

* Maximum Call OI is at 26000 then 25800 strike while Maximum Put OI is at 25700 then 25750 strike.

* Call writing is seen at 25800 then 25750 strike while Put writing is seen at 25700 then 25650 strike.

* Option data suggests a broader trading range in between 25400 to 26100 zones while an immediate range between 25600 to 26000 levels.

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