Daily Morning Report – 05/08/2026

Date 05.08.2026

NIFTY OUTLOOK: 24614.90   FII 2446.47 cr    DII -936.14 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as prices reached at high level attracted the profit booking upto day low of 24427.95 and it gave closing near to our level of 24605 i.e. closed at 24614.9

Further a bearish candle with a long lower wick appeared on the daily chart of nifty which has filled the opening bullish gap of Monday and recovered from there suggests buying from support. Hence if  nifty decisively breakout 24675 it may rally upto  24737 to 24796. If more demand will accentuate then it may have chances to test 24857.

However for down side 24554 to 24494 may act as immediate support for the nifty, if break below these supports and sustained may drift down the nifty upto 24433 to 24373.

Bank Nifty OUTLOOK:                                                                                             

SPOT:  57907.20  Pcr: 0.85 Max Ce OI on 58000 & Max Pe OI on 58000

On August 4, 2026, a Bank Nifty index was closed at 57907.20 (-340.75) (-0.58%). The total movement in the index was 716.3 during the trading session.  The index made a high of 58068.95 and a low of 57352.65.

Technical view

Important support and resistance level of Bank nifty future are 57200 and 58300 respectively.

Intra Day support and resistance level of Bank Nifty Future are 57580 and 57852 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 55.3. 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.

No active Candlestick Pattern was identified in bank nifty on daily chart.Important Pivot Point Levels for Today      

Nifty (Spot)

Bank Nifty (Spot)

By Ashok Bhandari (RA)

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