Daily Morning Report – 19/08/2026

Date 19.08.2026

NIFTY OUTLOOK: 24154.90   FII 1651.53 cr    DII 2579.31 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as continuation of selling pressure drift down the nifty upto 24154.9 i.e. near to our support of 24163.

Further a bearish candle appeared on daily chart of nifty suggest continuation of selling pressure hence if nifty continue with its selling pressure then on decisively breakdown of 24115 it may slide further upto 24075 to 24035. If more supply will accentuate then it may have chances to test 23993.

Furthermore there is no sign of reversal but opening bullish gap of 29 July 26 may give support to bulls and it will attract bounce upto 24195 to 24235, if break-through above these resistances and sustain may push the nifty rally further upto 24275 to 24315.

Bank Nifty OUTLOOK:                                                                                             

SPOT:  57262.40  Pcr: 0.69 Max Ce OI on 58000 & Max Pe OI on 58000

On August 18, 2026, a Bank Nifty index was closed at 57262.40 (-235.40) (-0.41%). The total movement in the index was 367.10 during the trading session.  The index made a high of 57584.70 and a low of 57217.60.

Technical view

Important support and resistance level of Bank Nifty Future are 57280 and 57901 respectively.

Intra Day support and resistance level of Bank Nifty Future are 57330 and 57540 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 47.4. Below 30 is considered oversold and above 70 overbought.

Bank nifty Day SMA Analysis

Bank nifty is trading above 2 out of 8 SMA’s (100, 150 Day).

Bank nifty is trading below 6 out of 8 SMA’s (5, 10, 20, 30, 50, 200 Day).

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

• Inverted Uptrend

Important Pivot Point Levels for Today          

Nifty (Spot)

Bank Nifty (Spot)

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549