Nifty immediate support is at 26150 then 26050 zones while resistance at 26400 then 26500 zones - Motilal Oswal Wealth Management
Nifty Technical Outlook
NIFTY (CMP : 26250)
Nifty immediate support is at 26150 then 26050 zones while resistance at 26400 then 26500 zones. Now it has to hold above 26250 zones for an up move towards 26400 and 26500 zones while supports can be seen at 26150 then 26050 zones.
Bank Nifty Technical Outlook
BANK NIFTY (CMP : 60044)
Bank Nifty support is at 59750 then 59500 zones while resistance at 60437 then 60750 zones. Now it has to hold above 60000 zones for an up move towards 60437 marks then 60750 zones while on the downside support is seen at 59750 then 59500 levels.
Sensex Technical Outlook
Sensex (CMP : 85439)
Sensex support is at 85200 then 85000 zones while resistance at 85600 then 85800 zones. Now it has to hold above 85300 zones for an up move towards 85600 then 85800 zones while on the downside supports are seen at 85200 then 85000 levels.
Midcap100 Index Technical Outlook
* Higher Highs – Higher Lows formation and RSI indicator rising.
Smallcap250 Index Technical Outlook
* Surpassed above 50 DEMA.
Technical Stocks On Radar
Lodha Developers Ltd
* Stock has bounced up from its major support zones.
* High volumes on up moves.
* RSI momentum indicator rising.
* Immediate support at 1070
Torrent Power Ltd
* Trendline breakout on daily chart.
* Strong bullish candle.
* Bounce up from 100 DEMA support.
* RSI momentum indicator rising.
* Immediate support at 3785.
Technical Chart Pattern for the Day
* “Horizontal Channel” Pattern Breakout; Support : 49.30
Nifty : Option Data
* Maximum Call OI is at 26300 then 26400 strike while Maximum Put OI is at 26200 then 26000 strike.
* Call writing is seen at 26300 then 26250 strike while Put writing is seen at 26200 then 26250 strike.
* Option data suggests a broader trading range in between 25800 to 26700 zones while an immediate range between 26100 to 26500 levels.
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