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Nifty Technical Outlook

NIFTY (CMP : 26142)

Nifty immediate support is at 26050 then 25950 zones while resistance at 26250 then 26325 zones. Now it has to cross and hold above 26150 zones for an up move towards 26250 then 26325 zones while supports can be seen at 26050 then 25950 zones

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 59183)

Bank Nifty support is at 59000 then 58750 zones while resistance at 59500 then 59750 zones. Now it has to hold above 59000 zones for a bounce towards 59500 then 59750 zones while on the downside support is seen at 59000 then 58750 levels

Sensex Technical Outlook

Sensex (CMP : 85408)

Sensex support is at 85200 then 84900 zones while resistance at 85700 then 86000 zones. Now it has to cross and hold above 85500 zone for an upside move towards 85700 then 86000 zone while supports are seen at 85200 then 84900 zones.

Midcap100 Index Technical Outlook

* Formed a bearish candle and RSI indicator showing weakness.

Smallcap250 Index Technical Outlook

* Small Bodied candles and surpassed above 20 DEMA.

Technical Stocks On Radar

Bajaj Auto Ltd

* Falling supply trendline breakout above 9240.

* Formed a based around 50 DEMA.

* RSI indicator positive crossover.

* Immediate support at 8950

Indus Towers Ltd

* Range breakout on daily chart.

* Strong bodied bullish candle.

* Respecting 50 DEMA support zones.

* RSI indicator positively placed.

* Immediate support at 407.

Nifty : Option Data

* Maximum Call OI is at 26200 then 26300 strike while Maximum Put OI is at 26000 then 26200 strike.

* Call writing is seen at 26200 then 26300 strike while Put writing is seen at 26150 then 26100 strike.

* Option data suggests a broader trading range in between 25700 to 26500 zones while an immediate range between 26000 to 26300 levels.

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