Daily Market Insight - 08th July 2026 by Motilal Oswal Wealth Mangement Ltd
Nifty Technical Outlook
NIFTY (CMP : 24398 ) Nifty immediate support is at 24050 then 23950 zone while resistance at 24450 then 24550 zones. Now it has to hold above 24200 zones for strength to regain towards 24450 then 24550 zones while supports are placed at 24050 then 23950 zones.

Sensex Technical Outlook
Sensex (CMP : 78180) Sensex support is at 77500 then 77200 zones while resistance at 78400 then 78700 zones. Now it has to hold above 77500 zones for an up move towards 78400 then 78700 zones while supports are shifting higher to 77500 then 77200 zones

Bank Nifty Technical Outlook
BANK NIFTY (CMP : 58200) Bank Nifty support is at 57500 then 57250 zones while resistance at 58500 then 58750 zones. Now it has to hold above 57750 zones for an up move towards 58500 then 58750 zones while on the downside support is seen at 57500 then 57250 levels.

Midcap100 Index Technical Outlook
• Index is on the verge of breakout above 62909 marks.

Smallcap250 Index Technical Outlook
• Index has retested breakout on daily chart.

Technical Stocks On Radar
COFORGE
(CMP: 1516, Mcap Rs 65,197 Cr.)
• Stock is on the verge of trend line breakout above 1523 marks.
• Strong bullish candle.
• RSI is trending upward.
• Immediate support at 1470.

PNB HOUSING FIN
(CMP: 1110, Mcap Rs 28,918 Cr.)
• Triangle breakout on daily scale.
• Trading above all crucial moving averages.
• RSI positively placed.
• Immediate support at 1080

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