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Nifty Technical Outlook

NIFTY (CMP : 23897) Nifty immediate support is at 23700 then 23550 zone while resistance at 24150 then 24300 zones. Now it has to hold above 24000 zones for an upmove towards 24150 then 24300 zones while support can be seen at 23700 then 23550 zones

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 56089) Bank Nifty support is at 55750 then 55500 zones while resistance at 56500 then 56750 zones. Now it has to hold above 56250 zones for an upmove towards 56500 then 56750 while support can be seen at 55750 then 55500 zones.

Sensex Technical Outlook

Sensex (CMP : 76664) Sensex support is at 76500 then 76200 zones while resistance at 77500 then 77700 zones. Now it has to hold above 77000 zones for an upmove towards 77500 then 77700 while support can be seen at 76500 then 76200 zones.

Midcap100 Index Technical Outlook

Smallcap250 Index Technical Outlook

Technical Stocks On Radar

State Bank of India

(CMP: 1101, Mcap Rs. 10,16,383 Cr.)

* Verge of range breakout above 1120.

* Respecting 200 DEMA.

* Accumulation visible.

* RSI indicator positively placed.

* Immediate support at 1060.

NMDC Ltd

(CMP: 89.29, Mcap Rs. 78,502 Cr.)

* Verge of narrow range breakout.

* Strong bodied bullish candle.

* Surge in traded volumes.

* RSI indicator rising.

* Immediate support at 86.45.

Nifty : Option Data

* Maximum Call OI is at 24500 then 24000 strike while Maximum Put OI is at 23900 then 23500 strike.

* Call writing is seen at 24000 then 24100 strike while Put writing is seen at 23900 then 23800 strike.

* Option data suggests a broader trading range in between 23400 to 24400 zones while an immediate range between 23600 to 24200 levels.

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