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Nifty Technical Outlook

NIFTY (CMP : 23659) Nifty immediate support is at 23600 then 23400 zone while resistance at 24000 then 24200 zones. Now it has to hold above 23600 zones for an up move towards 24000 then 24200 zones while on the downside support can be seen at 23600 then 23400 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 53562) Bank Nifty support is at 53250 then 53000 zones while resistance at 54000 then 54500 zones. Now it has to hold above 53500 zones for a bounce towards 54000 then 54500 levels while on the downside support is seen at 53250 then 53000 zones.

Sensex Technical Outlook

Sensex (CMP : 75318) Sensex support is at 75000 then 74700 zones while resistance at 76000 then 76200 zones. Now it has to hold above 75000 zones for an up move towards 76000 then 76200 levels while support is placed at 75000 then 74700 zones.

Midcap100 Index Technical Outlook

• The Index is hovering around its 20 DEMA support zones.

• The market breadth was in favour of the advances

.

Smallcap250 Index Technical Outlook

• Bouncing up from previous swing lows.

• The market breadth was neutral.

Technical Stocks On Radar

NARAYAN HRUDAYALAYA

(CMP: 1902, Mcap ? 38,878 Cr.)

• Range breakout on daily chart.

• Strong bullish candle.

• RSI indicator positively placed.

• Immediate support at 1840

TIMKEN

(CMP: 3656, Mcap ? 27,501 Cr.)

• More momentum above 3740 .

• Noticeable volumes.

• RSI indicator bullish crossover.

• Immediate support at 3550

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