Daily Morning Report – 01/04/26

Date 01.04.2026

NIFTY OUTLOOK: 22331.40 FII -11163.06 cr    DII 14894.72 cr

As discussed yesterday market behavior remained on the expected lines during the day, as nifty respected its bearish trend, slip down to day low of 22283.85 and gave closing of 22331.4 i.e.   at our support of 22330.

Further a bearish candle appeared on daily chart of nifty suggest continuation of its southward journey which may find support around 22210 to 22083. If break below these supports and sustain may drift down the nifty up to 21960 to 21836.

Furthermore nifty reached to oversold territory on RSI may attract bounces up to 22455 to 22580. If break-through above these resistances and sustain may push the nifty up to 22700 to 22827.

Bank Nifty OUTLOOK:   

SPOT:  50275.35 Pcr: 0.85 Max Ce OI on 60000 & Max Pe OI on 60000

On March 30, 2026, a Bank Nifty index was closed at 50275.35 (-1999.25) (-3.82%). The total movement in the index was 1519.25 during the trading session.  The index made a high of 51627.50 and a low of 50105.25.

Technical view                                        

Important support and resistance level of Bank nifty are 49400 and 51500 respectively.  

Intraday Support and resistance of Bank nifty are 49850 and 50700 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 28.40. Below 30 is considered oversold and above 70 overbought.  

Bank nifty Day SMA Analysis

Bank nifty is trading above 0 out of 8 SMA’s .

Bank nifty is trading below 8 out of 8 SMA’s (5, 10, 20, 30, 50, 100, 150 Day).

No active Candlestick Pattern was identified in bank nifty on daily chart.

Important Pivot Point Levels for Today                                                                                                                          

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549