Date 25.08.2026
NIFTY OUTLOOK: 24219.05 FII 1181.66 cr DII 2493.41 cr
As discussed yesterday market behaviour remained on the expected lines during the day, as nifty opened 24285.05 i.e. near to our breakout of 24290, touched high of 24313 but failed to sustain and slip to day low of 24144.3 i.e. near the our down side support of 24138 and finally gave closing of 24219.05 i.e. near to our breakdown of 24214.
Further a bearish candle appeared on daily chart of nifty suggest continuation of selling pressure hence if nifty decisively breakdown 24180 then it may slide further upto 24141 to 24104. If more supply will accentuate then it may have chances to test 24065
Furthermore this candle has tell wind and support of opening bullish gap formed on 20 august 26 which has keep alive the positive hope for the bulls hence if nifty successfully taken out 24257 then it may rally further upto 24297 to 24334. If more demand will accentuate then it may have chances to test 24373.
Bank Nifty OUTLOOK:
SPOT: 57525.95 Pcr: 0.70 Max Ce OI on 58000 & Max Pe OI on 57000
On August 24, 2026, a Bank Nifty index was closed at 57525.95 (-236.00) (-0.41%). The total movement in the index was 627.80 during the trading session. The index made a high of 57873.75 and a low of 57245.95.
Technical view
Important support and resistance level of Bank Nifty Future are 57307 and 57929 respectively.
Intra Day support and resistance level of Bank Nifty Future are 57252 and 57618 respectively.
The Relative Strength Index (RSI) for the Nifty Bank index at 50.5. Below 30 is considered oversold and above 70 overbought.
Bank nifty Day SMA Analysis:
Bank nifty is trading above 6 out of 8 SMA’s (5, 10, 30, 100, 150, 200 Day).
Bank nifty is trading below 2 out of 8 SMA’s (20, 50 Day).
No active Candlestick Pattern was identified in bank nifty on daily chart.
Important Pivot Point Levels for Today
Nifty (Spot)
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 23969.2 | 24056.75 | 24137.9 | 24225.45 | 24306.6 | 24394.15 | 24475.3 |
Bank Nifty (Spot)
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 56595.55 | 56920.75 | 57223.35 | 57548.55 | 57851.15 | 58176.35 | 58478.95 |
By Ashok Bhandari (RA)
SEBI Regd. No. INH00019549
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