Daily Morning Report – 13/04/26

NIFTY OUTLOOK: 24050.60    FII 672.09 cr    DII 410.05 cr

(13th April  – 17th April 2026)

As we discussed in the previous report dated 6th April 26 market behaviour remained on the expected lines during the week passed by as interruption of prevailing bearish trend and change of sentiments to bullish take the nifty rally upto 24074.

Further a strong bullish candle appeared on weekly chart of nifty indicates potential turning point, suggesting that prices have reached a support level after an extended decline, and bullish sentiments. Hence if nifty decisively breakout above 24277 nifty may rally further upto 24505 to 24727. If more demand will accentuate then it may have chances to test  24953.

Furthermore after a smart rally buyers may taking a breather and seller may get the chance to take the nifty down which may find support around 23825 to 23600. If nifty failed to defend this supports then may slide further upto 23373 to 23148.

Bank Nifty OUTLOOK:                                                                                                   

SPOT:  55912.75 Pcr: 0.83 Max Ce OI on 58000 & Max Pe OI on 58000

On April 10, 2026, a Bank Nifty index was closed at 55912.75 (1091.05) (1.99%). The total movement in the index was 833.25 during the trading session.  The index made a high of 55978.50 and a low of 55145.25.

Technical view:

Important support and resistance level of Bank nifty are 53240 and 57260 respectively.

Intraday Support and resistance of Bank nifty are 55684 and 56142 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 53.9. Below 30 is considered oversold and above 70 overbought.

Bank nifty Day SMA Analysis

Bank nifty is trading above 4 out of 8 SMA’s (5, 10, 20,30 Day).

Bank nifty is trading below 4 out of 8 SMA’s (50, 100, 150 Day).

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

• Marubozu Uptrend

Macro:

1.Dollar index is @ 98.44

2.Vix is @ 19.23

3.Crude is @ 96.57

Note: President Donald Trump said on Sunday the U.S. Navy would start ​blockading the Strait of Hormuz, raising the stakes after marathon talks with Iran failed to reach a deal to end the war, jeopardizing a fragile two-week ‌ceasefire.

Trump also said in a post on Truth Social that the U.S. would take action against every vessel in international waters that had paid a toll to Iran, and begin destroying mines that he said the Iranians had dropped in the strait, a choke point for about 20% of global energy supplies that Iran has blocked.

Iran’s Revolutionary Guards responded with a statement warning that military vessels approaching the strait will ​be considered a ceasefire breach and dealt with harshly and decisively, underlining the risk of a dangerous escalation.

Iran’s Parliamentary Speaker Mohammad Baqer Qalibaf, ⁠who led his country’s delegation to the talks along with Foreign Minister Abbas Araqchi, said Trump’s new threats would have no effect on Iran.

Naval blokage if implemented will be very bad for economies across the world.

Important Pivot Point Levels for Today                                                                                                                          

Nifty

Bank Nifty

By Ashok Bhandari (RA)

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