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Nifty Technical Outlook

NIFTY (CMP : 24353) Nifty immediate support is at 24200 then 24050 zone while resistance at 24500 then 24700 zones. Now it has to hold above 24300 zones for an up move towards 24500 then 24700 zones while supports can be seen at 24200 then 24050 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 56565) Bank Nifty support is at 56000 then 55750 zones while resistance at 57000 then 57500 zones. Now it has hold above 56250 zones for an up move towards 57000 then 57500 levels while on the downside support is seen at 56000 then 55750 levels.

Sensex Technical Outlook

Sensex (CMP : 78493) Sensex support is at 78000 then 77800 zones while resistance at 79000 then 79200 zones. Now it has to hold above 78400 for an up move towards 79000 then 79200 while supports have shifted higher to 78000 then 77800 zones.

Midcap100 Index Technical Outlook

Smallcap250 Index Technical Outlook

Technical Stocks On Radar

Adani Ports and Special Economic Zone Ld

(CMP: 1573, Mcap Rs 3,62,505 Cr.)

* On verge of breakout above 1584.

* Higher traded volumes.

* Accumulation visible.

* RSI indicator positively placed.

* Immediate support at 1530.

PNB Housing Finance Ltd.

(CMP: 924, Mcap Rs. 24,067 Cr.)

* Consolidation breakout.

* Strong bodied bullish candle.

* Surge in traded volumes.

* RSI indicator rising.

* Immediate support at 900.

Nifty : Option Data

* Maximum Call OI is at 25000 then 24500 strike while Maximum Put OI is at 24200 then 24000 strike.

* Call writing is seen at 24500 then 24600 strike while Put writing is seen at 24300 then 24200 strike.

* Option data suggests a broader trading range in between 23900 to 24900 zones while an immediate range between 24100 to 24600 levels.

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