Daily Morning Report – 13/05/2026

Date 13.05.2026

NIFTY OUTLOOK: 23379.55    FII -1959.39 cr    DII 7990.32 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as continuation of selling pressure take the nifty extreme down upto 23348.4.

Further it is observed on daily chart that in previous three trading session nifty open gap down, this suggest intensified selling pressure, hence if it continue with its selling pressure then on decisively breakdown of 23300 it may slide further upto 23217 to 23136.  If more supply will accentuate then it may have chances to test 23055.

However for upside 23461 to 23543 may act as immediate resistance for the nifty, if break through above these resistances and sustain may push the nifty upto 23623 to 23704.

Bank Nifty OUTLOOK:                                                                                                   

SPOT:  53555.20 Pcr: 0.70 Max Ce OI on 60000 & Max Pe OI on 60000

On May 12, 2026, a Bank Nifty index was closed at 53555.20 (-884.70) (-1.63%). The total movement in the index was 907.95 during the trading session.  The index made a high of 54365.45 and a low of 53457.50.

Technical view:

Important support and resistance level of Bank nifty are 53155 and 54730 respectively.

Intraday Support and resistance of Bank nifty are 53300 and 53805 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 39.5. Below 30 is considered oversold and above 70 overbought.

Bank nifty Day SMA Analysis

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

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

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

Macros:

1.Dollar index is @ 98.22.

2.Vix is @ 17.9.

3.Brent crude is @ 106.44.

Note: Imp meeting between US & China is scheduled on 14-15 . Trump will press China to help escalate Tension in middle east.

Trump is scheduled to visit Beijing from May 14-15 for talks with Chinese President Xi Jinping focused on trade, artificial intelligence, tariffs, and geopolitical tensions linked to the Middle East conflict.

– U.S. President Donald Trump said on Tuesday that Americans’ financial struggles are not a factor in his decision-making as he seeks to negotiate an end to the Iran war, saying that preventing Tehran from acquiring a nuclear weapon is his top priority. Trump is under growing pressure from fellow Republicans who fear economic pain caused by the war could spark a backlash against the party and ‌cost ⁠it control of the House of Representatives and possibly the Senate in November.

Rising energy costs linked to the Iran conflict have pushed up gasoline prices and contributed to inflation.

U.S. consumer inflation in April posted its largest gain in three years, according to data released on Tuesday.

Trump framed his approach as a matter of national and global security, suggesting economic concerns were ⁠secondary to preventing nuclear proliferation.

Important Pivot Point Levels for Today                                                                                                                          

Nifty

Bank Nifty

By Ashok Bhandari (RA)

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