IGI Logo

Nifty Technical Outlook

NIFTY (CMP : 25910) Nifty immediate support is at 25800 then 25750 zones while resistance at 26000 then 26150 zones. Now it has to hold above 25800 zones for the next up move towards 26000 then 26150 zones while supports can be seen at 25800 then 25700 zones

Bank Nifty Technical Outlook

11 Investment in securities market are subject to market risks, read all the related documents carefully before investing. BANK NIFTY (CMP : 58517) Bank Nifty support is at 58300 then 58000 zones while resistance at 58750 then 59000 zones. Now it has to hold above 58300 zones for an up move towards 58750 marks then 59000 zones while on the downside support is shifting higher at 58300 then 58000 levels.

Midcap100 Index Technical Outlook

* Consolidation Breakout near “All Time High” zones.

Smallcap250 Index Technical Outlook

* Hovering around 50 DEMA resistance zones.

Technical Stocks On Radar

Bharat Electronics Ltd

(CMP: 426, Mcap Rs.3,12,018 Cr.)

* Verge of range breakout above 430.

* Formed a base around 50 DEMA support.

* High volumes on up moves.

* Immediate support at 408.

Garden Reach Shipbuilders & Enginers Ltd

(CMP: 2897, Mcap Rs. 33,187 Cr.)

* Consolidation breakout on daily chart.

* Strong bodied bullish candle.

* Higher than average traded volumes.

* RSI momentum indicator rising.

* Immediate support at 2740.

Technical Chart Pattern for the Day

* Bullish “Double Bottom” pattern formation; Support : 1805; Breakout above : 317

Nifty : Option Data

* Maximum Call OI is at 26000 then 26500 strike while Maximum Put OI is at 25800 then 25700 strike.

* Call writing is seen at 26000 then 25900 strike while Put writing is seen at 25700 then 25800 strike.

* Option data suggests a broader trading range in between 25500 to 26400 zones while an immediate range between 25700 to 26200 levels.

For More Research Reports : Click Here 

For More Motilal Oswal Securities Ltd Disclaimer
http://www.motilaloswal.com/MOSLdisclaimer/disclaimer.html
SEBI Registration number is INH000000412