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Nifty Technical Outlook

NIFTY (CMP : 25898)

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

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 59209)

Bank Nifty support is at 58750 then 58500 zones while resistance at 59500 then 59750 zones. Now it has to hold above 59000 zones for a bounce towards 59500 then 59750 levels while a hold below the same could see weakness towards 58750 then 58500 zones.

Midcap100 Index Technical Outlook

*  Breakdown below 20 DEMA and Trendline Breakdown.

Smallcap250 Index Technical Outlook

*  Has broken down below major support levels at 16600.

Technical Stocks On Radar

PB Fintech Ltd

*  Has given a Consolidation Breakout.

*  Relative strength visible.

*  Stock is rising for previous 2 weeks.

*  RSI momentum indicator rising.

*  Immediate support at 1900.

Jio Financial Services Ltd

*  JIO is taking support at Crucial Levels around 288 - 290

*  Stock will see good momentum once 308 is broken.

*  A Mean revering play

*  Immediate support at 288.

Nifty : Option Data

*  Maximum Call OI is at 26000 then 26100 strike while Maximum Put OI is at 25800 then 25700 strike.

*  Call writing is seen at 26100 then 26300 strike while Put writing is seen at 25800 then 25700 strike.

*  Option data suggests a broader trading range in between 25400 to 26300 zones while an immediate range between 25700 to 26100 levels.

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