Daily Morning Report – 12/08/2026

Date 12.08.2026

NIFTY OUTLOOK: 24471.70   FII 258.55 cr    DII 24.77 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as lower high formation and weaken support fuel the bears to take down the nifty upto 24429.25

Further a bearish candle appeared on daily chart of nifty suggest continuation of selling pressure hence if nifty decisively breakdown of 24426 nifty may slide upto 24380 to 24335. If more supply will accentuate then it may have chances to test 24289.

Furthermore if nifty succeed to defend opening bullish gap formed on 3 August 26 then nifty may bounce upto 24517 to 24563. If break-through above these resistances and sustain may push the nifty upto 24610 to 24655.

Bank Nifty OUTLOOK:                                                                                             

SPOT:  57446.25  Pcr: 0.82 Max Ce OI on 58000 & Max Pe OI on 58000

On August 11, 2026, a Bank Nifty index was closed at 57446.25 (-240.70) (-0.42%). The total movement in the index was 449.15 during the trading session.  The index made a high of 57607.25 and a low of 57158.10.

Technical view:

Important support and resistance level of Bank Nifty Future are 57380 and 57845 respectively.

Intra Day support and resistance level of Bank Nifty Future are 57460 and 57695 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 50.0. 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 (50, 100, 150 Day).

Bank nifty is trading below 5 out of 8 SMA’s (5, 10, 20, 30, 200 Day).

One Bullish active Candlestick Pattern was identified in bank nifty on daily chart.

• Hammer

Important Pivot Point Levels for Today          

Nifty (Spot)

Bank Nifty (Spot)

By Ashok Bhandari (RA)

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