Date 10.08.2026
NIFTY OUTLOOK: 24570.65 FII 480.24 cr DII 235.56 cr
(10th AUG – 14th AUG 2026)
As we discussed in the previous report dated 3rd August 26 market behaviour remained on the expected lines during the week passed by as control of bulls gets supportive buying which take the nifty rally upto 24774.3, slip from there to 24427.95 and gave final weekly closing at 24570.65
Further a bearish doji candle appeared on weekly chart of nifty suggest indecision about nifty direction, diminishing of buying pressure, pause to its uptrend before continuing further. These all favour the sellers hence if sellers will take control of nifty may drift down the nifty upto 24419 to 24267, break below these supports and sustain may slide the nifty further upto 24116 to 23965.
Furthermore this doji candle appeared immediately after entering a breakout reveals that the breakout lacked follow – through buying. If nifty will succeed to get supportive buying and continues with its breakout direction, the positive trend is continuing. These all favour the buyers hence on successful surpassed of 24722 nifty may rally upto 24873 to 25025-110. If more demand will accentuate then it may have chances to test 25176.
Bank Nifty OUTLOOK:
SPOT: 57746.45 Pcr: 0.88 Max Ce OI on 58000 & Max Pe OI on 58000
On August 7, 2026, a Bank Nifty index was closed at 57746.45 (-317.20) (-0.55%). The total movement in the index was 307.9 during the trading session. The index made a high of 57994.45 and a low of 57686.55.
Technical view
Important support and resistance level of Bank Nifty Future are 57840 and 58200 respectively.
Intra Day support and resistance level of Bank Nifty Future are 57950 and 58100 respectively.
The Relative Strength Index (RSI) for the Nifty Bank index at 53.1. Below 30 is considered oversold and above 70 overbought.
Bank nifty Day SMA Analysis
Bank nifty is trading above 7 out of 8 SMA’s (10, 20, 30, 50, 100, 150, 200 Day).
Bank nifty is trading below 1 out of 8 SMA’s (5 Day).
No active Candlestick Pattern was identified in bank nifty on daily chart.
Important Pivot Point Levels for Today
Nifty (Spot)
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 24411.15 | 24466.95 | 24518.8 | 24574.6 | 24626.45 | 24682.25 | 24734.1 |
Bank Nifty (Spot)
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 57315.95 | 57501.25 | 57623.85 | 57809.15 | 57931.75 | 58117.05 | 58239.65 |
By Ashok Bhandari (RA)
SEBI Regd. No. INH00019549
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