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Nifty Technical Outlook

NIFTY (CMP : 23123) Nifty immediate support is at 23000 then 22850 zone while resistance at 23750 then 24000 zones. Now it has to hold above 23000 zones for an up move towards 23750 then 24000 zones while supports have shifted higher to 23000 then 22850 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 52716) Bank Nifty support is at 52250 then 52000 zones while resistance at 53500 then 54250 zones. Now it has to hold above 52500 zones for a bounce towards 53500 then 54250 levels while a hold below the same could lead to weakness towards 52250 then 52000 zones.

Sensex Technical Outlook

Sensex (CMP : 74616) Sensex support is at 74000 then 73800 zones while resistance at 76000 then 76500 zones. Now it has to hold above 74300 for an up move towards 76000 and 76500 zones while support can be seen towards 74000 and 73800 zones.

Midcap100 Index Technical Outlook

Smallcap250 Index Technical Outlook

Technical Stocks On Radar

Federal Bank Ltd

(CMP: 275, Mcap Rs. 67,805 Cr.)

* Has given a range Breakout

* Sustaining above 20 DEMA

* RSI indicator confirming positive momentum.

* Immediate support at 260.

Godrej Properties Ltd

(CMP: 1605, Mcap Rs 48,335 Cr.)

* Trendline Breakout on Daily Chart.

* Sustaining above 20 DEMA.

* RSI is positively trending.

* Immediate support at 1500.

Nifty : Option Data

* Maximum Call OI is at 24000 then 23500 strike while Maximum Put OI is at 22500 then 23000 strike.

* Call writing is seen at 24000 then 23000 strike while Put writing is seen at 23000 then 22500 strike.

* Option data suggests a broader trading range in between 22600 to 23600 zones while an immediate range between 22900 to 23400 levels.

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