Daily Morning Report – 12/06/2026

Date 12.06.2026

NIFTY OUTLOOK: 23161.60   FII -1987.09 cr    DII 4224.51 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as volatile session which respected our residence of 23350 (day High 23327.45) and support of 23080 (day low 23072.05), thus after respecting both the side its gave closing of 23161.6

Further a bullish candle with upper wick suggest selling pressure at high hence if it nifty decisively breakdown 23093 then it may further slide upto 23027 to 22960. If more supply will accentuate then it may have chances to test 22893.

However for upside 23230 to 23297 may act as immediate resistance for nifty, if break through above these resistances and sustain may push the nifty upto 23363 to 23430.

Bank Nifty OUTLOOK:                                                                                                   

SPOT:  55176.75  Pcr: 0.97 Max Ce OI on 60000 & Max Pe OI on 54000

On June 11, 2026, a Bank Nifty index was closed at 55176.75 (76.45) (0.14%). The total movement in the index was 847.00 during the trading session.  The index made a high of 55600.15 and a low of 54753.15.

Technical view:

Important support and resistance level of Bank nifty are 55000 and 55510 respectively.

Intraday Support and resistance of Bank nifty are 54950 and 55410 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 55.2. Below 30 is considered oversold and above 70 overbought.

Bank nifty Day SMA Analysis:

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

Bank nifty is trading below 3 out of 8 SMA’s (100, 150, 200 Day).

One Bullish active Candlestick Pattern was identified in bank nifty on daily chart.

• Engulfing Uptrend

Important Pivot Point Levels for Today                                                                                                                          

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549