Nifty immediate support is at 25200 then 25000 zones while resistance at 25550 then 25700 zones by Motilal Oswal Wealth Management
Nifty Technical Outlook
NIFTY (CMP : 25454) Nifty immediate support is at 25200 then 25000 zones while resistance at 25550 then 25700 zones. Now till it holds below 25500 zones weakness could be seen towards 25200 then 25000 zones while hurdles are placed at 25550 then 25700 zones.
Bank Nifty Technical Outlook
BANK NIFTY (CMP : 60739) Bank Nifty support is at 60250 then 60000 zones while resistance at 61000 then 61250 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 61000 then 61250 zones.
Sensex Technical Outlook
Sensex (CMP : 82498) Sensex support is at 82000 then 81700 zones while resistance at 82700 then 83000 zones. Now till it holds below 82700 zones weakness could be seen towards 82000 then 81700 zones while hurdles have shifted lower to 82700 then 83000 zones.
Midcap100 Index Technical Outlook
• Large bearish candle and hovering around 100 DEMA.
Smallcap250 Index Technical Outlook
• Large bearish candle and hovering below 50 DEMA.
Technical Stocks On Radar
Oil and Natural Gas Corporation Ltd
(CMP: 275, Mcap ? 3,45,517 Cr.)
* Bullish “Pennant” pattern on the daily chart.
* Surge in traded volumes.
* RSI indicator confirming positive momentum.
* Immediate support at 265.
NAUKRI 30th Mar FUT
(CMP: 1095, Mcap ? 71,011 Cr.)
* Overall downtrend.
* Respecting 10 DEMA resistance
* RSI momentum indicator declining.
* Immediate resistance at 1230.
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