Date 14.05.2026
NIFTY OUTLOOK: 23412.60 FII -4703.15 cr DII 5869.05 cr
As discussed yesterday market behavior remained on the expected lines during the day, as nifty has move down and on up side faced resistance thus this volatile session end on 23412.6
Further a spinning type candle appeared on daily chart of nifty suggest volatility and indecision above nifty direction. Imminent trend is bearish hence if bear will take control then on decisively breakdown of 23331 nifty may slide upto 23250 to 23170. If more supply will accentuate then it may have chances to test 23087.
Furthermore if bull will take control then nifty may rally upto 23575 to 23655 on decisively breakout of 23493. If more demand will accentuate then it may have chances to test 23737.
Bank Nifty OUTLOOK:
SPOT: 53456.15 Pcr: 0.71 Max Ce OI on 60000 & Max Pe OI on 60000
On May 13, 2026, a Bank Nifty index was closed at 53456.15 (-99.05) (-0.18%). The total movement in the index was 909.65 during the trading session. The index made a high of 54103.90 and a low of 53194.25.
Technical view:
Important support and resistance level of Bank nifty are 53155 and 54730 respectively.
Intraday Support and resistance of Bank nifty are 53200 and 53710 respectively.
The Relative Strength Index (RSI) for the Nifty Bank index at 39.0. Below 30 is considered oversold and above 70 overbought.
Bank nifty Day SMA Analysis:
Bank nifty is trading above 0 out of 8 SMA’s .
Bank nifty is trading below 8 out of 8 SMA’s (5, 10, 20, 30, 50, 100, 150, 200 Day).
No active Candlestick Pattern was identified in bank nifty on daily chart.
Important Pivot Point Levels for Today:
Nifty
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 22935.38 | 23098.97 | 23255.78 | 23419.37 | 23576.18 | 23739.77 | 23896.58 |
Bank Nifty
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 52155.98 | 52675.12 | 53065.63 | 53584.77 | 53975.28 | 54494.42 | 54884.93 |
By Ashok Bhandari (RA)
SEBI Regd. No. INH00019549
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