Daily Morning Report – 11/05/2026

(11th May – 15th May 2026)

NIFTY OUTLOOK: 24176.15    FII -4110.60 cr    DII 6748.13 cr

As we discussed in the previous report dated 4th May 26 market behavior remained on the expected lines during the week passed by as re strike of buyers take the nifty rally upto 24482.

Further a bullish candle appeared on daily chart of nifty suggest that buyers has put a small efforts to take the nifty up hence if nifty will get supportive buying then it may rally upto 24577 to 24780-24820 on decisively breakout of 24377. If more demand will accentuate then it may have chances to test 24980.

Furthermore nifty under consolidation from past three weeks and find selling pressure at high hence if sellers will take a control may drift down the nifty upto 23975 to 23773. If nifty failed to defend these supports then nifty may slide further upto 23573 to 23373.

Bank Nifty OUTLOOK:

SPOT:  55310.55 Pcr: 0.82 Max Ce OI on 60000 & Max Pe OI on 60000

On May 8, 2026, a Bank Nifty index was closed at 55310.55 (-736.85) (-1.31%). The total movement in the index was 735.20 during the trading session.  The index made a high of 55797.70 and a low of 55062.50.

Technical view:

Important support and resistance level of Bank nifty are 54730 and 55890 respectively.

Intraday Support and resistance of Bank nifty are 55110 and 55514 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 48.6. Below 30 is considered oversold and above 70 overbought.

Bank nifty Day SMA Analysis

Bank nifty is trading above 1 out of 8 SMA’s . (30, Day).

Bank nifty is trading below 7 out of 8 SMA’s (5, 10, 20, 50, 100, 150, 200 Day).

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

Macros

1.Dollar index @ 97.78.

2.Vix @ 97.78.

3.Brent crude is @ 101.29.

Note: Iran’s response to a U.S. 14-point proposal for ending the war was relayed to the American side by Pakistani mediators on Sunday, as U.S. President Donald Trump took to social media to say Iran had been “playing games”

Iran’s state broadcaster IRIB said Tehran’s proposed text focuses on ending the war on all fronts, including Lebanon, and ensuring shipping security.

The U.S. proposal would require Iran to agree not to develop a nuclear weapon, halt all uranium enrichment for at least 12 years, and hand over an estimated 440 kg of uranium enriched to 60%, close to weapons grade. In return, Washington would gradually lift sanctions, release frozen assets and halt its naval blockade.

Iran has open a new front we mentioned in our post earlier that Iran may capture internet cables & todays some news channels reported the same ( we were the only one till date to analyze that , ” STAY WITH US & STAY AHEAD ” .

We need to see the response from US officially about the proposal that they gave to US via Pakistan.

Important Pivot Point Levels for Today                                                                                                                          

Nifty

Bank Nifty

By Ashok Bhandari (RA)

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