Daily Morning Report – 15/05/2026

Date 15.05.2026

NIFTY OUTLOOK: 23689.60    FII 187.45 cr    DII 684.33 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as bull were take the control and rally the nifty upto 23777.2

Further a bullish candle appeared on daily chart of nifty suggest buying pressure for nifty hence if nifty successfully taken out 23773 then it may rally upto 23855 to 23937. If more demand will accentuate then it may have chances to test 24020.

However for down side 23607 to 23523 may act as immediate supports for the nifty, if break through below these supports and sustain may drift down the nifty upto 23443 to 23360.

Bank Nifty OUTLOOK: 

SPOT:  54128.95  Pcr: 0.79 Max Ce OI on 60000 & Max Pe OI on 60000

On May 14, 2026, a Bank Nifty index was closed at 54128.95 (672.80) (1.26%). The total movement in the index was 1202.15 during the trading session.  The index made a high of 54393.75 and a low of 53191.60.

Technical view:

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

Intraday Support and resistance of Bank nifty are 53795 and 54460 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 43.8. 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 @ 98.739.

2.Vix is  @17.50 ( -2.07%) .

3.Crude is @ 106.08

Note: Trump starts much hyped  two day visit to China . Investors were optimistic about President Donald Trump’s trip to China and were looking out for announcements on trade and possibly the Iran war.

On business front .The U.S. has cleared about 10 Chinese companies to purchase Nvidia’s second-most powerful AI chip, the H200, although a delivery has yet to be made, Reuters reported, citing people familiar with the matter. Nvidia CEO Jensen Huang is accompanying Trump to China, raising expectations that a breakthrough could be reached to unlock sales of the H200 in the country.

As far as India is concerned India’s wholesale price inflation (INWPI=ECI), opens new tab ‌rose unexpectedly to 8.3% in April, the fastest pace in three-and-a-half years, government data showed on Thursday, in the first signs of the Middle East conflict’s impact on Asia’s third-largest economy.

Conclusion: Impact of war is now started to appear on major economies across the globe, Inflation has started to rose in all the countries and if this war continues for another 2-3 weeks Inflation will host up across the world .

 Important Pivot Point Levels for Today                                                                                                                          

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549