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Nifty Technical Outlook

NIFTY (CMP : 25860)

Nifty immediate support is at 25700 then 25600 zones while resistance at 26000 then 26100 zones. Now till it holds below 25900 zones, weakness could be seen towards 25700 then 25600 zones while hurdles have shifted lower to 26000 then 26100 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 59034)

Bank Nifty support is at 58750 then 58500 zones while resistance at 59250 then 59500 zones. Now it has to hold above 59000 zones for a bounce towards 59250 then 59500 zones while on the downside support is seen at 58750 then 58500 levels.

Midcap100 Index Technical Outlook

* Hovering above 50 DEMA support zones.

Smallcap250 Index Technical Outlook

* Index is pulling back to its breakdown zones.

USD/INR Spot Rate

Technical Stocks On Radar

SBI Cards and Payment Services Ltd

* Channel breakdown on daily chart.

* Strong bearish candle.

* High selling volumes.

* RSI indicator weak.

* Immediate resistance at 875.

Jubilant FoodWorks Ltd

* Range Breakdown on daily chart

* High selling volumes.

* RSI declining.

* Immediate resistance at 575.

Nifty : Option Data

* Maximum Call OI is at 26000 then 26100 strike while Maximum Put OI is at 25500 then 25900 strike.

* Call writing is seen at 26000 then 25900 strike while Put writing is seen at 25500 then 25900 strike.

* Option data suggests a broader trading range in between 25500 to 26200 zones while an immediate range between 25600 to 26100 levels.

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