Daily Morning Report – 19/05/2026

Date 19.05.2026

 NIFTY OUTLOOK: 23649.95    FII 2813.69 cr    DII 2682.12 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as nifty opened near our support of 23485 i.e. opened at 23482.2, slip from there to day low of 23317.1 i.e. near to our support of 23327, bounce from there upto day High of 23695.65 and finally close near to previous close i.e. 23649.65

Further a bullish candle appeared on daily chart of nifty suggest buying pressure for nifty hence if it continue with its buying pressure then nifty may rally upto 23813 to 23893 on decisively breakout of 23731. If more demand will accentuate then it may have chances to test 23975.

However for down side 23567 to 23487 may act as immediate supports for the nifty, if break through below these supports and sustain may drift down the nifty upto 23405 to 23325.

Bank Nifty OUTLOOK: 

SPOT:  53537.00  Pcr: 0.79 Max Ce OI on 60000 & Max Pe OI on 53000

On May 18, 2026, a Bank Nifty index was closed at 53537.00 (-173.35) (-0.32%). The total movement in the index was 884.10 during the trading session.  The index made a high of 53667.55 and a low of 52783.45.

Technical view:

Important support and resistance level of Bank nifty are 52700 and 54200 respectively.

Intraday Support and resistance of Bank nifty are 53295 and 53780 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 40.7. 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.

Important Pivot Point Levels for Today 

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549