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Nifty Technical Outlook3

NIFTY (CMP : 25178) Nifty immediate support is at 25000 then 24850 zones while resistance at 25350 then 25500 zones. Now till it holds below 25200 zones, weakness could be seen towards 25000 then 24850 zones while hurdles have shifted lower to 25350 then 25500 zones.

Bank Nifty Technical Outlook3.

BANK NIFTY (CMP : 60506) Bank Nifty support is at 60250 then 60000 zones while resistance at 60750 then 61000 zones. Now till it holds below 60750 zones some weakness could be seen towards 60250 then 60000 levels while on the upside hurdle is seen at 60750 then 61000 zones.

Sensex Technical Outlook

Sensex (CMP : 81287) Sensex support is at 81000 then 80700 zones while resistance at 81600 then 81900 zones. Now till it holds below 81600 zones weakness could be seen towards 81000 then 80700 zones while hurdles have shifted lower to 81600 then 81900 zones.

Midcap100 Index Technical Outlook

• Hovering below 100 DEMA support zones and formed a strong bodied bearish candle.

Smallcap250 Index Technical Outlook

• Formed a strong bodied bearish candle and is trading below 100 DEMA.

Brent Crude Technical Outlook

Technical Stocks On Radar

Bharat Electronics Ltd

(CMP: 445, Mcap Rs. 3,25,066 Cr.)

• Retesting breakout zones.

• Respecting 20 DEMA support.

• Strong bullish candle.

• RSI indicator confirming positive momentum.

• Immediate support at 430.

Interglobe Aviation Ltd

(CMP: 4823, Mcap Rs. 1,86,626 Cr.)

• It is making lower highs.

• Has heavy selling volumes.

• Trading below 20 DEMA.

• RSI has given negative crossover.

• Immediate resistance at 4980.

Nifty : Option Data

* Maximum Call OI is at 25500 then 25400 strike while Maximum Put OI is at 25000 then 25200 strike.

* Call writing is seen at 25400 then 25300 strike while Put writing is seen at 25150 then 25100 strike.

* Option data suggests a broader trading range in between 24700 to 25700 zones while an immediate range between 24900 to 25300 levels.

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