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Nifty Technical Outlook

NIFTY (CMP : 23775) Nifty immediate support is at 23800 then 23600 zone while resistance at 24400 then 24600 zones. Now it has to cross and hold above 23800 zones for an up move towards 24000 then 24200 zones while supports can be seen at 23600 then 23500 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 54821) Bank Nifty support is at 55250 then 55000 zones while resistance at 56250 then 57000 zones. Now it has to cross and hold above 55000 zones for an up move towards 55500 then 56500 levels while a hold below the same could see some weakness towards 54500 then 54000 levels.

Sensex Technical Outlook

Sensex (CMP : 76631) Sensex support is at 77000 then 76800 zones while resistance at 78000 then 78500 zones. Now it has to cross and hold above 76800 for an up move towards 77200 then 77500 while a hold below the same could see some weakness towards 76300 then 76000 zones.

Midcap100 Index Technical Outlook

Smallcap250 Index Technical Outlook

Technical Stocks On Radar

Vedanta Ltd

(CMP: 737, Mcap Rs. 2,88,296 Cr.)

* Has given a Trendline Breakout

* Sustaining above 20 DEMA

* MACD indicator confirming positive momentum.

* Immediate support at 715.

ABB India Ltd

(CMP: 6614, Mcap Rs. 1,40,164 Cr.)

* ABB is in Upward Trending Channel.

* Sustaining above 20 DEMA.

* MACD given positive crossover.

* Immediate support at 6400.

Nifty : Option Data

* Maximum Call OI is at 24500 then 24000 strike while Maximum Put OI is at 23000 then 23500 strike.

* Call writing is seen at 24000 then 23900 strike while Put writing is seen at 23000 then 23700 strike.

* Option data suggests a broader trading range in between 23400 to 24200 zones while an immediate range between 23500 to 24000 levels.

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