Date 30.06.2026
NIFTY OUTLOOK: 23946.25 FII -1350.10 cr DII 2801.45 cr
As discussed yesterday market behaviour remained on the expected lines during the day, as buyers re strike on opening but failed to surpassed breakout of 24121 i.e. made a day High of 24120 and slip from there to day low of 23924.55 i.e. near to our support of 23927.
Further a bearish candle appeared on daily chart of nifty suggest continuation of selling pressure hence if nifty decisively breakdown 23883 then it may slide further upto 23821 to 23757. If more supply will accentuate then it may have chances to test 23695.
However for upside 24010 to 24071 may act as immediate resistance for nifty, if break through above these resistances and sustain may push the nifty upto 24135 to 24197.
Bank Nifty OUTLOOK:
SPOT: 57727.35 Pcr: 0.98 Max Ce OI on 60000 & Max Pe OI on 54000
On June 29, 2026, a Bank Nifty index was closed at 57727.35 (-449.70) (-0.77%). The total movement in the index was 680.8 during the trading session. The index made a high of 58318.05 and a low of 57637.25.
Technical view:
Important support and resistance level of Bank nifty are 57730 and 58630 respectively.
Intraday Support and resistance level of Bank nifty are 57540 and 57920 respectively.
The Relative Strength Index (RSI) for the Nifty Bank index at 61.9. Below 30 is considered oversold and above 70 overbought.
Bank nifty Day SMA Analysis
Bank nifty is trading above 7 out of 8 SMA’s (10, 20, 30, 50, 100, 150, 200 Day).
Bank nifty is trading below 1 out of 8 SMA’s (5 day).
One Bearish active Candlestick Pattern was identified in bank nifty on daily chart.
- Evening Star
Important Pivot Point Levels for Today:
Nifty
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 23678.42 | 23801.48 | 23873.87 | 23996.93 | 24069.32 | 24192.38 | 24264.77 |
Bank Nifty
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 56789.58 | 57213.42 | 57470.38 | 57894.22 | 58151.18 | 58575.02 | 58831.98 |
By Ashok Bhandari (RA)
SEBI Regd. No. INH00019549
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