Daily Morning Report – 18/08/2026

Date 18.08.2026

NIFTY OUTLOOK: 24287.65   FII -2535.10 cr    DII 5101.46 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as lower high formation tighten the bear grip, which has drift down the nifty upto 24226.95

Further a bearish candle appeared on daily chart of nifty suggest continuation of selling pressure hence if nifty continue with its south ward journey then on decisively breakdown of 24246 it may slide further upto 24205 to 24163. If more supply will accentuate then it may have chances to test 24123

However for upside 24330 to 24370 may act as immediate resistance for nifty, if break through above these resistances and sustain may push the nifty upto 24411 to 24453.

Bank Nifty OUTLOOK:                                                                                             

SPOT:  57497.80  Pcr: 0.82 Max Ce OI on 58000 & Max Pe OI on 58000

On August 17, 2026, a Bank Nifty index was closed at 57497.80 (6.70) (0.01%). The total movement in the index was 637.65 during the trading session.  The index made a high of 57757.25 and a low of 57119.60.

Technical view:

Important support and resistance level of Bank Nifty Future are 57280 and 58110 respectively.

Intra Day support and resistance level of Bank Nifty Future are 57662 and 58006 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 50.1. 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 (20, 50, 100, 150, 200 Day).

Bank nifty is trading below 3 out of 8 SMA’s (5, 10, 30 Day).

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

• Spinning Top Uptrend

Important Pivot Point Levels for Today          

Nifty (Spot)

Bank Nifty (Spot)

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549