Daily Morning Report – 29/06/2026

NIFTY OUTLOOK: 24056.00   FII 383.76 cr    DII 5747.75 cr

(29th JUN – 3rd JUL 2026)

As we discussed in the previous report dated 22nd June 26 market behaviour remained on the expected lines during the week passed by as sellers test the level of 23784.95 but failed to drift it down further and buyers take the rally upto 24261.6 but slip from there near to previous close of 24023.1 and finally gave closing of 24056.

Further a subsequent second week doji candle appeared on weekly chart of nifty suggest continuation of indecision about nifty direction. If buyers will take control of nifty then on decisively breakout of 24223 nifty may rally upto 24390 to 24555. If more demand will accentuate then it may have chances to test 24721.

However if sellers will take a charge of nifty then nifty may slip upto 23890 to 23723. If nifty failed to defend these supports then it may slide further upto 23557 to 23391.

Bank Nifty OUTLOOK:

SPOT:  58177.05  Pcr: 1.17 Max Ce OI on 60000 & Max Pe OI on 54000

On June 25, 2026, a Bank Nifty index was closed at 58177.05 (26.70) (0.05%). The total movement in the index was 596.2 during the trading session.  The index made a high of 58706.05 and a low of 58109.85.

Technical view:

Important support and resistance level of Bank nifty are 57730 and 58630 respectively.

Intraday Support and resistance level of Bank nifty are 58010 and 58450 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 66.6. Below 30 is considered oversold and above 70 overbought.

Bank nifty Day SMA Analysis

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

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

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