Daily Morning Report – 31/07/2026

Date 31.07.2026

NIFTY OUTLOOK: 24317.15   FII 2623.51 cr    DII -1864.03 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as continuation of buying pressure take the nifty rally upto 24342.95

Further a bullish candle appeared on daily chart of nifty suggest continuation of positive momentum and this may find resistance around 24370 to 24423. If break-through above these resistances and sustain may push the nifty rally upto 24475 to 24528.

However for down side 24263 to 24211 may act as immediate supports for the nifty, if break below these supports and sustained may drift down the nifty upto 24159 to 24106.

Bank Nifty OUTLOOK:                                                                                             

SPOT:  57147.50  Pcr: 0.88 Max Ce OI on 58000 & Max Pe OI on 58000

On July 30, 2026, a Bank Nifty index was closed at 57147.50 (-58.40) (-0.10%). The total movement in the index was 468.05 during the trading session.  The index made a high of 57236.65 and a low of 56768.60.

Technical view

Important support and resistance level of Bank nifty are 56090 and 57900 respectively.

Intraday Support and resistance level of Bank nifty are 57020 and 57280 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 49.4. Below 30 is considered oversold and above 70 overbought.

Bank nifty Day SMA Analysis

Bank nifty is trading above 4 out of 8 SMA’s  (5, 50, 100, 150 Day).

Bank nifty is trading below 4 out of 8 SMA’s. (10, 20, 30, 200 Day)

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

• Spinning Top Uptrend
• Long Legged Doji Uptrend

Important Pivot Point Levels for Today:

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549