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Nifty Technical Outlook

NIFTY (CMP : 25722)

Nifty immediate support is at 25700 then 25600 zones while resistance at 26100 then 26277 zones. Now it has to cross and hold above 25900 zones to again regain strength towards 26100 then 26277 zones while supports can be seen at 25700 then 25600 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 57776)

Bank Nifty support is at 57750 then 57500 zones while resistance at 58350 then 58577 zones. Now it has to hold above 57750 zones for an up move towards 58350 then 58577 levels while on the downside support is seen at 57750 then 57500 zones.

Midcap100 Index Technical Outlook

* Hovering around breakout zones.

Smallcap250 Index Technical Outlook

* Bearish candle suggesting selling pressure.

Technical Stocks On Radar

Adani Energy Solutions Ltd

(CMP: 986, Mcap Rs. 1,18,470 Cr.)

* Range breakout on daily chart.

* Respecting 50 DEMA.

* High volumes on up moves.

* RSI indicator positively placed.

* Immediate support at 940.

Aurobindo Pharma Ltd

(CMP: 1138, Mcap Rs. 66,733 Cr.)

* Verge of breakout above 200 DEMA support zones.

* Strong bullish candle.

* Surge in volumes visible.

* RSI indicator positively placed.

* Immediate support at 1080

Nifty : Option Data

* Maximum Call OI is at 26000 then 25900 strike while Maximum Put OI is at 25800 then 25700 strike.

* Call writing is seen at 25800 then 25900 strike while Put writing is seen at 25800 then 25700 strike.

* Option data suggests a broader trading range in between 25300 to 26100 zones while an immediate range between 25500 to 25900 levels.

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