Daily Morning Report – 13/08/2026

Date 13.08.2026

NIFTY OUTLOOK: 24435.95   FII -1002.50 cr    DII 5841.66 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as selling pressure of nifty take down the nifty upto 24265.95 but recovery of last one hour and CAS has give closing of 24435.95

Further a bearish candle with long lower wick suggest buying from support level hence if nifty will get supportive buying then on decisively breakout of 24483 it may rally upto 24530 to 24577. If more demand will accentuate then it may have chances to test 24623.

However for down side 24390 to 24343 may act as immediate supports for the nifty, if break through below these supports and sustain may drift down the nifty upto 24296 to 24250.

Bank Nifty OUTLOOK:                                                                                             

SPOT:  57885.85  Pcr: 0.87 Max Ce OI on 58000 & Max Pe OI on 58000

On August 12, 2026, a Bank Nifty index was closed at 57885.85 (439.60) (0.77%). The total movement in the index was 631.85 during the trading session.  The index made a high of 57885.85 and a low of 57254.00.

Technical view:

Important support and resistance level of Bank Nifty Future are 57670 and 58200 respectively.

Intra Day support and resistance level of Bank Nifty Future are 57835 and 58180 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 54.3. Below 30 is considered oversold and above 70 overbought.

Bank nifty Day SMA Analysis:

Bank nifty is trading above 8 out of 8 SMA’s (5, 10, 20, 30, 50, 100, 150,200 Day).

Bank nifty is trading below 0 out of 8 SMA’s.

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

• Engulfing Uptrend
• Closing Marubozu Uptrend

Important Pivot Point Levels for Today:

Nifty (Spot)

Bank Nifty (Spot)

By  Ashok Bhandari (RA)

SEBI Regd. No. INH00019549