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Nifty Technical Outlook

NIFTY (CMP : 25405)

Nifty immediate support is at 25300 then 25222 zones while resistance at 25600 then 25750 zones. Now till it holds below 25500 zones it may see further profit booking decline towards 25300 then 25222 while on the upside hurdles are seen at 25600 and 25750 levels.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 56791)

Bank Nifty support is at 56500 then 56250 zones while resistance at 57000 then 57250 zones. Now till it holds below 57000 zones, profit booking could be seen towards 56500 then 56250 levels while on the upside hurdle is seen at 57000 then 57250 zones.

Sensex Technical Outlook

Sensex (CMP : 83239)

Sensex support is at 83000 then 82800 zones while resistance at 83500 then 83800 zones. Now till it holds below 83500 zones, it may see some weakness towards 83000 and 82800 levels while hurdle exists at 83500 and 83800 levels

Stocks On Radar

Maruti Suzuki Ltd

(CMP: 12752, Mcap Rs.4,00,926 Cr.)

* Triangle breakout above 12900.

* Respecting 50 DEMA.

* Rising volumes.

* RSI indicator giving bullish crossover.

* Immediate support at 12350.

Aditya Birla Sun Life AMC Ltd

(CMP: 818, Mcap Rs.23,585 Cr.)

* Falling supply trendline Breakout.

* Respecting 50 DEMA.

* High volumes on up moves.

* RSI momentum indicator positively placed.

* Immediate support at 762.

Derivative Outlook

* Nifty July future closed at 25508.60 with a premium of 103.30 point v/s 92.70 point premium in the last session.

* Nifty Put/Call Ratio (OI) increased from 0.78 to 0.99 level.

* India VIX decreased by 0.48% to 12.38 level.

FII Cash & Derivative Activity

* FIIs on Derivatives front : Short built up in index futures, position unwinding in index options.

* In the cash market : FIIs were net sellers to the tune of 1771 Cr while DIIs were net buyers worth 1078 Cr.

* FIIs long short ratio : decreased to 29.29%

Nifty : Option Data

* Maximum Call OI is at 25500 then 26000 strike while Maximum Put OI is at 25500 then 25000 strike.

* Call writing is seen at 25500 then 26000 strike while Put writing is seen at 25500 then 25000 strike.

* Option data suggests a broader trading range in between 25000 to 25800 zones while an immediate range between 25200 to 25600 levels.

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