Tech view: Nifty may find support at 8,250-8,300 levels amid market fall

For Nifty Bank, the immediate resistance comes in the range of 20,500 to 20,000 levels

Equity benchmark indices, S&P BSE Sensex and NSE's Nifty, were trading with over a per cent cut on Monday, tracking caution in global peers. 

Here's a quick look at how the major indices look on technical charts and the key levels to track - 

NIFTY 50: As the index failed to conquer 9,000 levels decisively, the resistance has shifted to the lower side. Besides, since 9,000 acts as the major resistance level, going forward 8,750 will be the next selling level. The immediate resistance comes in the range of 8,600 to 8,550 levels. On the other hand, 8,300 to 8,250 becomes the support range. The overall trend shows volatility that gets triggered on economic development. CLICK HERE FOR THE CHART
 
S&P BSE SENSEX:  The overall trend indicates resistance above 31,000 levels. However, till index holds 28,000, the trend may be considered as stable. One can witness high volatility, which may not have strong volumes, a sign of concern. The trend may not be extremely bullish or bearish, but might reflect trading opportunities which possess high risk. The investment module needs to be on hold till significant levels are not conquered with strong volumes. CLICK HERE FOR THE CHART
 
NIFTY BANK:  The major resistance is at 22,000 levels, as per the daily chart. The selling pressure above 21,000 in the last week shows the major resistance is still intact. The immediate resistance comes in the range of 20,500 to 20,000 levels. On the downside, the support comes in the range of 18,500 to 18,800 levels. The outlook remains stable, till the index trades above 18,500 levels. CLICK HERE FOR THE CHART