Daily Morning Report – 10/07/2026

Date 10.07.2026

NIFTY OUTLOOK: 23962.80   FII -532.86 cr    DII 2057.79 cr

As discussed yesterday market behaviour remained on the expected lines during the day, nifty surpass its immediate resistance and rally upto 24134.7 but failed to sustain and slip to day low of 23925.7 and gave closing of 23962.8

Further an inverse hammer kind pattern appeared on daily chart of nifty suggest selling pressure at high hence if more selling will persist then on decisively breakdown of 23896 nifty may slide further upto 23830 to 23763. If more supply will accentuate then it may have chances to test 23697.

Furthermore this candle also indicts that buyers efforts to move up were defeated by sellers hence if buyers will re strike then nifty may rally upto 24095 to 24161 on decisively breakout of 24030. If more demand will accentuate then it may have chances to test 24227.

Bank Nifty OUTLOOK:                                                                                             

SPOT:  57252.45  Pcr: 0.84 Max Ce OI on 60000 & Max Pe OI on 59000

On July 09, 2026, a Bank Nifty index was closed at 57252.45 (509.85) (0.90%). The total movement in the index was 596.9 during the trading session.  The index made a high of 57464.20 and a low of 56867.30.

Technical view:

Important support and resistance level of Bank nifty are 56980 and 57430 respectively.

Intraday Support and resistance level of Bank nifty are 57080 and 57420 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 52.7. Below 30 is considered oversold and above 70 overbought.

Bank nifty Day SMA Analysis:

Bank nifty is trading above 3 out of 8 SMA’s  (30, 50, 100 Day).

Bank nifty is trading below 5 out of 8 SMA’s. (5, 10, 20, 150, 200 Day)

Two bullish active Candlestick Pattern was identified in bank nifty on daily chart.

• Harami Uptrend
• Inside Uptrend 

Important Pivot Point Levels for Today:

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549