Daily Morning Report – 19/06/2026

Date 19.06.2026

NIFTY OUTLOOK: 24168.00   FII -1025.20 cr    DII 3516.81 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as bullish momentum take the nifty rally upto 24189.25

Further a bullish candle appeared on daily chart of nifty suggest continuation of bullish momentum which shift the resistance to 24294 to 24357. If more demand will accentuate then it may have chances to test 24421. An imminent resistance of 24231 may find between the big move of 24168 – 24294.

However for down side 24105 to 24041 may act as immediate supports for the nifty, if break through below these supports and sustain may drift down the nifty upto 23977 to 23915.

Bank Nifty OUTLOOK:

SPOT:  57963.80  Pcr: 1.14 Max Ce OI on 60000 & Max Pe OI on 54000

On June 18, 2026, a Bank Nifty index was closed at 57963.80 (378.75) (0.66%). The total movement in the index was 438.05 during the trading session.  The index made a high of 58021.25 and a low of 57583.20.

Technical view:

Important support and resistance level of Bank nifty are 57640 and 58485 respectively.

Intraday Support and resistance of Bank nifty are 57840 and 58085 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 71.0. Below 30 is considered oversold and above 70 overbought.

Bank nifty Day SMA Analysis:

Bank nifty is trading above 8 out of 8 SMA’s  (5, 10, 20, 30, 50, 100, 150, 200 Day).

Bank nifty is trading below 0 out of 8 SMA’s .

Two Bullish active Candlestick Pattern was identified in bank nifty on daily chart.

• Marubozu Uptrend
• Long Line Uptrend

Important Pivot Point Levels for Today                                                                                                                          

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549