Daily Morning Report – 21/07/2026

Date 21.07.2026

NIFTY OUTLOOK: 24238.50   FII -1121.04 cr    DII 1312.03 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as nifty break its immediate supports and slide upto our support of 24153 i.e. made a day low of 24135.85

Further a small bullish candle appeared on daily chart of nifty suggest slowdown in buying pressure, buyers efforts to stop the sellers to take the nifty down and to manage its control. Hence if nifty will get supportive buying then it may rally upto 24357 to 24415 on decisively breakout of 24297. If more demand will accentuate then it may have chances to test 24475.

Furthermore if nifty failed to get supportive buying then it may slide upto 24121 to 24061 on decisively breakdown of 24179. If more supply will accentuate then it may have chances to 24003.

Bank Nifty OUTLOOK:                                                                                             

SPOT:  57945.00  Pcr: 0.923 Max Ce OI on 59000 & Max Pe OI on 58000

On July 18, 2026, a Bank Nifty index was closed at 57945.00 (-576.40) (-0.98%). The total movement in the index was 577.90 during the trading session.  The index made a high of 58111.00 and a low of 57533.10.

Technical view

Important support and resistance level of Bank nifty are 57180 and 58883 respectively.

Intraday Support and resistance level of Bank nifty are 57785 and 58102 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 54.9. 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