Nifty immediate support is at 25500 then 25400 zones by Motilal Oswal Weal
Nifty Technical Outlook
NIFTY (CMP : 25571) Nifty immediate support is at 25500 then 25400 zones while resistance at 25700 then 25850 zones. Now it has to hold above 25500 zones for an up move towards 25700 then 25850 zones while supports can be seen at 25500 then 25400 zones.
Bank Nifty Technical Outlook
BANK NIFTY (CMP : 61172) Bank Nifty support is at 61000 then 60750 zones while resistance at 61500 then 61765 zones. Now it has to hold above 61000 zones for an up move towards 61500 then 61765 marks while on the downside support is seen at 61000 then 60750 zones.
Sensex Technical Outlook
Sensex (CMP : 82814) Sensex support is at 82500 then 82200 zones while resistance at 83300 then 83600 zones. Now if it manages to cross and hold above 83000 bounce could be seen towards 83300 then 83600 marks while hold below the same could see weakness towards 82500 and then 82200 zones
Midcap100 Index Technical Outlook
• Formed a bullish candle around 100 DEMA support zones.
Smallcap250 Index Technical Outlook
• Formed Doji candlestick and hovering below 50 DEMA.
Technical Stocks On Radar
Bajaj Finance Limited
(CMP: 1030, Mcap ? 6,41,040 Cr.)
* Bullish “Pole & Flag” pattern on the daily chart.
* High traded volumes.
* RSI indicator confirming positive momentum.
* Immediate support at 990.
National Thermal Power Corporation Limited
(CMP: 373, Mcap ? 3,61,637 Cr.)
* Consolidation breakout on daily chart.
* Strong bullish candle.
* Respecting 20 DEMA support.
* RSI momentum indicator rising.
* Immediate support at 360
Nifty : Option Data
* Maximum Call OI is at 26000 then 25800 strike while Maximum Put OI is at 25500 then 25600 strike.
* Call writing is seen at 25650 then 25900 strike while Put writing is seen at 25500 then 25600 strike.
* Option data suggests a broader trading range in between 25100 to 26100 zones while an immediate range between 25300 to 25900 levels.
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