Date 20.08.2026
NIFTY OUTLOOK: 24078.30 FII 407.99 cr DII 3973.72 cr
As discussed yesterday market behaviour remained on the expected lines during the day, as continuation of selling pressure drift down the nifty upto 24025.65 i.e. near to our support of 24035.
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 24038 it may slide further upto 24000 to 23959. If more supply will accentuate then it may have chances to test 23920.
Furthermore opening bullish gap of 29 July 26 may was filled and nifty index near to its multiple and psychological support of 24000 give support to bulls and it will attract bounce upto 24118 to 24157, if break-through above these resistances and sustain may push the nifty rally further upto 24197 to 24237.
Bank Nifty OUTLOOK:
SPOT: 57239.75 Pcr: 0.70 Max Ce OI on 58000 & Max Pe OI on 57000
On August 19, 2026, a Bank Nifty index was closed at 57239.75 (-22.65) (-0.04%). The total movement in the index was 355.1 during the trading session. The index made a high of 57356.85 and a low of 57001.75.
Technical view
Important support and resistance level of Bank Nifty Future are 56940 and 57490 respectively.
Intra Day support and resistance level of Bank Nifty Future are 57253 and 57446 respectively.
The Relative Strength Index (RSI) for the Nifty Bank index at 47.1. 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).
Two Bullish active Candlestick Pattern was identified in bank nifty on daily chart.
- Hikkake Uptrend
- Long Legged Doji Uptrend
Important Pivot Point Levels for Today
Nifty (Spot)
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 23864.48 | 23945.07 | 24011.68 | 24092.27 | 24158.88 | 24239.47 | 24306.08 |
Bank Nifty (Spot)
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 56686.95 | 56844.35 | 57042.05 | 57199.45 | 57397.15 | 57554.55 | 57752.25 |
By Ashok Bhandari (RA)
SEBI Regd. No. INH00019549
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