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Nifty Technical Outlook

NIFTY (CMP : 23997) Nifty immediate support is at 23800 then 23600 zone while resistance at 24400 then 24600 zones. Now it has to hold above 23800 zones for an up move towards 24400 then 24600 zones while supports have shifted higher to 23800 then 23600 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 55704) Bank Nifty support is at 55250 then 55000 zones while resistance at 56250 then 57000 zones. Now it has to hold above 55500 zones for an up move towards 56250 then 57000 levels while on the downside support is seen at 55250 then 55000 levels.

Sensex Technical Outlook

Sensex (CMP : 77563) Sensex support is at 77000 then 76800 zones while resistance at 78000 then 78500 zones. Now it has to hold above 77300 for an up move towards 78000 then 78500 while supports have shifted higher to 77000 then 76800 zones

Midcap100 Index Technical Outlook

Smallcap250 Index Technical Outlook

Technical Stocks On Radar

Muthoot Finance Ltd

(CMP: 3503, Mcap Rs 1,40,555 Cr.)

* Has given a Trendline Breakout

* Sustaining above 20 DEMA

* MACD indicator confirming positive momentum.

* Immediate support at 3300.

Indus Towers Ltd

(CMP: 441, Mcap Rs 1,16,508 Cr.)

* Trendline Breakout on Daily Chart.

* Sustaining above 20 DEMA.

* RSI given positive crossover.

* Immediate support at 420.

Nifty : Option Data

* Maximum Call OI is at 25000 then 24500 strike while Maximum Put OI is at 23000 then 23900 strike.

* Call writing is seen at 25000 then 24500 strike while Put writing is seen at 23900 then 24000 strike.

* Option data suggests a broader trading range in between 23500 to 24500 zones while an immediate range between 23800 to 24300 levels.

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