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Nifty Technical Outlook

NIFTY (CMP : 26046)

Nifty immediate support is at 25800 then 25700 zones while resistance at 26000 then 26150 zones. Now it has to continue to hold above 26000 zones for a bounce towards 26150 then 26250 zones while supports can be seen at 25900 then 25800 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 59389)

Bank Nifty support is at 58750 then 58500 zones while resistance at 59500 then 59750 zones. Now it has to hold above 59250 zones for an up move towards 59500 then 59750 zones while on the downside support is seen at 59000 then 58750 levels.

Midcap100 Index Technical Outlook

Smallcap250 Index Technical Outlook

Technical Stocks On Radar

IDFC First Bank Ltd

* Trend line breakout on daily chart

* Relative strength visible.

* High volumes on up moves.

* MACD momentum indicator rising.

* Immediate support at 80.

Eternal Ltd

* Retest of breakout.

* Hammer on weekly scale

* RSI bouncing from oversold territory.

* Immediate support at 290.

Technical Chart Pattern for the Day

Nifty : Option Data

* Maximum Call OI is at 26000 then 26200 strike while Maximum Put OI is at 26000 then 25900 strike.

* Call writing is seen at 26050 then 26150 strike while Put writing is seen at 26000 then 25950 strike.

* Option data suggests a broader trading range in between 25600 to 26500 zones while an immediate range between 25800 to 26300 levels.

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