Daily Morning Report – 01/01/2026

NIFTY OUTLOOK: 26129.60 FII -3597.38 cr DII 6759.64 cr

As discussed yesterday, market behaviour remained on expected lines during the day, as the bullish opening gap formed on 19th December 25 supported the bulls and took the Nifty rally to an extreme of 26187.95.

Further, a strong bullish candle appeared on the daily chart, suggesting that buying pressure overcame sellers and changed the imminent sentiment to bullish. Hence, if Nifty successfully takes out the level of 26173, it may rally further to 26216–26260. If demand intensifies further, it may have a chance to test 26305.

However, on the downside, 26087–26043 may act as immediate support for Nifty. A break below these support levels and a sustained move may drift Nifty down to 26000–25957.

Bank Nifty OUTLOOK:
Spot: 59581.85 PCR: 1.09 Max CE OI: 59500 Max PE OI: 59500

On 31st December 2025, the Bank Nifty index closed at 59581.85 (+410.60, +0.69%). The total movement in the index was 579.10 during the trading session. The index made a high of 59766.20 and a low of 59187.10.

Technical View:
Important support and resistance levels of Bank Nifty are 59000 and 60100, respectively.
Intraday support and resistance levels are 59423 and 59741, respectively.
The Relative Strength Index (RSI) for the Nifty Bank index is at 60.1. 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.

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

• Belt Hold Uptrend

Macro:

1.Dollar index is @ 98.06

2.Vix is @ 14.64 (+1.81%)

3.Brent crude is @ 60.73

4.U.S. 10 years bond yield is @ 4.173

Note: No significant activity was seen in international markets as New Year celebrations were underway.

Important Pivot Point Levels for Today           

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549