Daily Market Insight - 20th August 2026 by Motilal Oswal Wealth Mangement
Nifty Technical Outlook
NIFTY (CMP : 24078 ) Nifty immediate support is at 24000 then 23900 zone while resistance at 24250 then 24350 zones. Now if it holds above 24100 zones strength could be seen towards 24250 then 24350 zones while on the downside support can be seen at 24000 then 23900 zones.
Sensex Technical Outlook
SENSEX (CMP : 76909) Sensex support is at 76700 then 76500 zones while resistance at 77500 then 77700 zones. Now if it holds above 77000 zones, strength could be regain towards 77500 then 77700 zones while supports can be seen at 76700 then 76500 zones.
Bank Nifty Technical Outlook
BANK NIFTY (CMP : 57239) Bank Nifty support is at 57000 then 56750 zones while resistance at 57750 then 58000 zones. Now if it holds above 57250 zones then strength could be seen towards 57750 then 58000 levels while on the downside support can seen at 57000 then 56750 zones.
Midcap100 Index Technical Outlook
Smallcap 250 Index Technical Outlook
Technical Stocks On Radar
DIXON TECH
(CMP: 14462, Mcap Rs 88,424 Cr.)
• Channel breakout on daily chart.
• Bullish candle.
• RSI Positively placed.
• Immediate support at 14000.
NAM INDIA
(CMP: 1217, Mcap Rs 77,854 Cr.)
• More momentum above 1233.
• Small dips being bought into.
• Buying visible across AMC space.
• Immediate support at 1180.
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