Daily Morning Report – 13/01/26

NIFTY OUTLOOK: 25,790.25
FII: -Rs. 3,638.40 cr  DII: Rs. 5,839.32 cr

As discussed yesterday, market behaviour remained on expected lines during the session. Continuing its southward move, Nifty slipped to the support level of 25,489, making an intraday low of 25,473.40, and then reversed towards resistance at 25,830, registering a high of 25,813.15. After respecting both ends, the index closed near the mentioned level at 25,790.25.

A bullish candle with a long lower wick indicates buying emergence from lower levels and suggests a potential shift in sentiment towards bullishness. If Nifty decisively moves above 25,843, it may rally further towards 25,900–25,951. If buying momentum strengthens, the index may test 26,010.

On the downside, 25,736–25,683 is seen as immediate support. A break and sustain below this zone could drag Nifty towards 25,630–25,576.

BANK NIFTY OUTLOOK:
Spot: 59,450.50  PCR: 0.90
Max CE OI: 59,500  Max PE OI: 59,500

On 12th January 2026, Bank Nifty closed at 59,450.50, up 198.95 points or 0.34 percent. The index witnessed an intraday movement of 676.90 points, with a high of 59,541.10 and a low of 58,864.20.

Technical View:
Key support and resistance levels for Bank Nifty are placed at 58,890 and 59,950, respectively.
Intraday support and resistance levels are seen at 59,264 and 59,637.
The RSI for Bank Nifty stands at 51.4. A reading below 30 indicates oversold conditions, while above 70 suggests overbought levels.

Bank nifty Day SMA Analysis

Bank nifty is trading above 6 out of 8 SMA’s (20, 30, 50, 100, 150, 200 Day).

Bank nifty is trading below 2 out of 8 SMA’s (5, 10, Day).

No Candlestick Pattern was identified in bank nifty on daily chart.

Macro :

1.Dollar index is @ 98.71 ( +0.06)

2.Vix is @ 15.12 (+4.35%)

3.Brent crude is @ 64.07

4.US 10 years bound yield is @ 4.179

Note:
Jerome Powell, Chair of the US Federal Reserve, stated that the US Justice Department has opened a criminal investigation against him for allegedly misleading Congress regarding a renovation project at the Federal Reserve’s headquarters. This marks a significant escalation in President Donald Trump’s pressure on the central bank over interest rate decisions.

Trump also announced a new tariff, stating that any entity conducting business with Iran would face a 25 percent tariff. Meanwhile, Iran reportedly reached out for negotiations over its nuclear programme, following a 12-day conflict in June during which US and Israeli forces targeted Iranian nuclear sites.

Global crude oil prices touched seven-week highs amid concerns over potential disruptions to Iran’s exports. Separately, global trading houses have moved quickly to secure Venezuelan crude flows, with firms like Trafigura leveraging scale, logistics, and shipping capabilities.

India’s retail inflation rose to 1.33 percent in December from 0.71 percent in November, marking the fastest pace in three months, though slightly below market expectations of 1.5 percent.

India and the US are scheduled to resume trade discussions, according to the newly appointed US ambassador to India, Sergio Gor, amid strained trade relations and a weak rupee.

Conclusion:
Geopolitical conditions remain highly tense. The resumption of US–India trade talks comes as a surprise but may be linked to shifting global energy dynamics. With the US gaining access to Venezuelan oil reserves and India being one of the world’s largest crude consumers, renewed engagement could be aimed at expanding energy trade avenues amid evolving global supply chains.

Important Pivot Point Levels for Today           

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549