Date 01.07.2026
NIFTY OUTLOOK: 23865.75 FII -2556.75 cr DII 6842.34 cr
As discussed yesterday market behaviour remained on the expected lines during the day, as on opening nifty failed to sustain above 24010 and slip from there to day low of 23829.2 i.e. near to our support of 23821.
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 23805 nifty may slide upto 23743 to 23683. If more supply will accentuate then it may have chances to test 23621.
However for upside 23927 to 23890 may act as immediate resistance for nifty, if break through above these resistances and sustain may push the nifty upto 24050 to 24110.
Bank Nifty OUTLOOK:
SPOT: 57542.90 Pcr: 0.84 Max Ce OI on 60000 & Max Pe OI on 60000
On June 30, 2026, a Bank Nifty index was closed at 57542.90 (-184.45) (-0.32%). The total movement in the index was 555.3 during the trading session. The index made a high of 58011.95 and a low of 57456.65.
Technical view:
Important support and resistance level of Bank nifty are 57280 and 58620 respectively.
Intraday Support and resistance level of Bank nifty are 57390 and 57850 respectively.
The Relative Strength Index (RSI) for the Nifty Bank index at 60.1. Below 30 is considered oversold and above 70 overbought.
Bank nifty Day SMA Analysis:
Bank nifty is trading above 6 out of 8 SMA’s (20, 30, 50, 100, 150, 200 Day).
Bank nifty is trading below 2 out of 8 SMA’s (5, 10 day).
No active Candlestick Pattern was identified in bank nifty on daily chart.
Important Pivot Point Levels for Today
Nifty
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 23578.43 | 23703.82 | 23784.78 | 23910.17 | 23991.13 | 24116.52 | 24197.48 |
Bank Nifty
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 56773.75 | 57115.2 | 57329.05 | 57670.5 | 57884.35 | 58225.8 | 58439.65 |
By Ashok Bhandari (RA)
SEBI Regd. No. INH00019549
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