Daily Morning Report -14/01/26

Date: 14th January 2026

NIFTY OUTLOOK: 25,732.30
FII: -Rs. 1,499.81 cr  DII: Rs. 1,181.78 cr

As discussed yesterday, market behaviour remained on expected lines during the session. Continuing with bullish sentiment, Nifty rallied towards our level of 25,900, making an intraday high of 25,899.80, but failed to sustain and slipped to the support zone of 25,630, marking a low of 25,603.30. After respecting both sides, the index closed near our level at 25,732.30.

A long bearish candle on the daily chart suggests resistance on higher levels. A decisive breakdown below 25,676 may drag Nifty towards 25,620–25,563. If selling pressure intensifies, the index may test 25,507.

However, the presence of a lower wick indicates pullback buying. Nifty may face resistance at 25,790–25,845. A sustained breakout above this zone could push the index towards 25,900–25,957.

BANK NIFTY OUTLOOK:
Spot: 59,578.80  PCR: 0.88
Max CE OI: 59,500  Max PE OI: 59,500

On 13th January 2026, Bank Nifty closed at 59,578.80, up 128.30 points or 0.22 percent. The index recorded an intraday movement of 455.50 points, with a high of 59,767.55 and a low of 59,312.05.

Technical View:
Key support and resistance levels are placed at 58,890 and 59,650, respectively.
Intraday support and resistance levels are seen at 59,454 and 59,704.
The RSI for Bank Nifty stands at 53.5. A reading below 30 indicates oversold conditions, while above 70 suggests overbought levels.

Bank nifty Day SMA Analysis

Bank nifty is trading above 6 out of 8 SMA’s (20, 30, 50, 100, 150, 200 Day).

Bank nifty is trading below 2 out of 8 SMA’s (5, 10, Day).

No Candlestick Pattern was identified in bank nifty on daily chart.

Macro :

1.Dollar index is @ 98.995

2.Vix is @ 15.98 (+5.96%)

3.Crude is @ 65.33

4.US 10 years bond yield is @ 4.182

Note:
US consumer prices rose 0.3 percent in December, driven by higher rents and food costs, reinforcing expectations that the Federal Reserve may keep interest rates unchanged in the near term. However, moderate underlying inflation suggests that rate cuts later this year remain possible.

President Donald Trump’s proposal to impose a 25 percent tariff on countries trading with Iran risks escalating tensions, particularly with China, Iran’s largest trading partner.

From an India perspective, External Affairs Minister S. Jaishankar held discussions with US Secretary of State Marco Rubio on trade, critical minerals, and energy. India and the US aim to more than double bilateral trade to USD 500 bn by 2030, with India committing to higher purchases of US energy and defence equipment, despite delays in finalising a trade agreement.

Conclusion:
India–US trade deal talks continue and are likely to take several more months to conclude.

Important Pivot Point Levels for Today           

Nifty

Bank Nifty

By Ashok Bhandari (RA)SEBI Regd. No. INH00019549