Date 11.06.2026
NIFTY OUTLOOK: 23214.95 FII -2124.98 cr DII 3123.95 cr
As discussed yesterday market behaviour remained on the expected lines during the day, as nifty succeed to get follow through buying and advance upto 23425 but failed to sustain at high and slip to day low 23184.6 i.e. near to our support of 23173.
Further a inverse hammer kind candle appeared on daily chart of nifty suggest selling at high hence it more selling will persist then on decisively breakdown of 23147 nifty may slide upto 23080 to 23012. If more supply will accentuate then it may have chances to test 22944.
However for upside 23283 to 23350 may act as immediate resistance for nifty, if break through above these resistances and sustain may push the nifty upto 23418 to 23487.
Bank Nifty OUTLOOK:
SPOT: 55100.30 Pcr: 0.97 Max Ce OI on 60000 & Max Pe OI on 54000
On June 10, 2026, a Bank Nifty index was closed at 55100.30 (-94.20) (-0.17%). The total movement in the index was 529.70 during the trading session. The index made a high of 55555.85 and a low of 54026.15.
Technical view
Important support and resistance level of Bank nifty are 55000 and 55510 respectively.
Intraday Support and resistance of Bank nifty are 54950 and 55250 respectively.
The Relative Strength Index (RSI) for the Nifty Bank index at 54.7. Below 30 is considered oversold and above 70 overbought.
Bank nifty Day SMA Analysis
Bank nifty is trading above 5 out of 8 SMA’s (5, 10, 20, 30, 50 Day).
Bank nifty is trading below 3 out of 8 SMA’s (100, 150, 200 Day).
One Bullish active Candlestick Pattern was identified in bank nifty on daily chart.
- Long Legged Doji Uptrend
Important Pivot Point Levels for Today
Nifty
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 22883.83 | 23034.22 | 23124.58 | 23274.97 | 23365.33 | 23515.72 | 23606.08 |
Bank Nifty
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 54369.32 | 54697.73 | 54899.02 | 55227.43 | 55428.72 | 55757.13 | 55958.42 |
By Ashok Bhandari (RA)
SEBI Regd. No. INH00019549
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