Daily Morning Report – 11/08/2026

Date 11.08.2026

NIFTY OUTLOOK: 24583.80   FII 1974.76 cr    DII -1290.29 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as nifty touched breakout level 24620 I.e. day High of 24620.95 but failed to surpassed and slip to breakdown level of 24521 i.e. made a day low of 24511.1, after testing the level both side it gives closing near to previous close i.e. 24583.8

Further a doji candle appeared on daily chart of nifty suggest indecision about nifty direction. Nifty moved in Lower highs and hovering almost similar support in recent past may weaken the support level these all favour the bears. Hence if bear will take charge of nifty then nifty may slide upto 24490 to 24443 on decisively breakdown of 24537. If more supply will accentuate then it may have chances to test 24397.

Furthermore nifty bounced from nearby or similar support levels in recent past on daily chart of nifty favour the bulls. Hence if bulls will continue with its control then nifty may rally upto 24677 to 24724 on successful taken out of 24631. If more demand will accentuate then it may have chances to test 24771.

Bank Nifty OUTLOOK:                                                                                             

SPOT:  57686.95  Pcr: 0.85 Max Ce OI on 58000 & Max Pe OI on 58000

On August 10, 2026, a Bank Nifty index was closed at 57686.95 (-59.50) (-0.10%). The total movement in the index was 488.1 during the trading session.  The index made a high of 58015.85 and a low of 57527.75.

Technical view:

Important support and resistance level of Bank Nifty Future are 57674 and 58200 respectively.

Intra Day support and resistance level of Bank Nifty Future are 57770 and 57970 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 52.5. 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)

Bank Nifty (Spot)

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549