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Nifty Technical Outlook

NIFTY (CMP : 25942)

Nifty immediate support is at 25800 then 25700 zones while resistance at 26150 then 26250 zones. Now till it holds below 26000 zones, weakness could be seen towards 25800 then 25700 zones while hurdles are placed at 26150 and 26250 zones..

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 58932)

Bank Nifty support is at 58750 then 58500 zones while resistance at 59250 then 59500 zones. Now till it holds below 59000 zones some weakness could be seen towards 58750 then 58500 levels while on the upside hurdle is seen at 59250 then 59500 zones.

Sensex Technical Outlook

Sensex (CMP : 84695)

Sensex support is at 84300 then 84000 zones while resistance at 85000 then 85300 zones. Now till it holds below 85000 zones weakness could be seen towards 84300 then 84000 zones while hurdles have shifted lower to 85000 then 85300 zones.

Midcap100 Index Technical Outlook

* Formed a bearish candle and RSI indicator showing weakness.

Smallcap250 Index Technical Outlook

* Hurdle around 50 DEMA resistance zones and formed a bearish candle.

Technical Stocks On Radar

AU Small Finance Bank Ltd

* Stock in overall uptrend.

* Bounce up from 20 DEMA.

* RSI indicator verge of bullish crossover.

* Immediate support at 955.

Astral Ltd

* Trendline breakdown on daily chart.

* High selling volumes visible.

* RSI indicator showing weakness.

* Immediate support at 1410

Nifty : Option Data

* Maximum Call OI is at 26100 then 26200 strike while Maximum Put OI is at 25900 then 26000 strike.

* Call writing is seen at 26000 then 25950 strike while Put writing is seen at 25900 then 25850 strike.

* Option data suggests a broader trading range in between 25500 to 26300 zones while an immediate range between 25700 to 26100 levels.

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