NIFTY OUTLOOK: 23622.90 FII -1082.18 cr DII 5341.29 cr
(15th JUN – 19th JUN 2026)
As we discussed in the previous report dated 8th June 26 market behaviour remained on the expected lines during the week passed by as selling pressure on nifty were drift it down upto 23070.15, nifty defended this level and rally from there upto 23645.35
Further a strong bullish candle appeared on weekly chart of nifty suggest that buyers are overcome the selling pressure and are taking control of nifty, that signals a change in sentiments from bearish to bullish. Hence if nifty successfully surpassed 23803 then it may rally further upto 23980 to 24160. If more demand will accentuate then it may have chances to test 24343.
However for down side 23445 to 23267 may act as immediate supports for the nifty. If it failed to defend these supports then it may slide further upto 23087 to 22910.
Bank Nifty OUTLOOK:
SPOT: 56814.80 Pcr: 1.09 Max Ce OI on 60000 & Max Pe OI on 54000
On June 12, 2026, a Bank Nifty index was closed at 56814.80 (1683.05) (2.97%). The total movement in the index was 1140.55 during the trading session. The index made a high of 56867.10 and a low of 55726.55.
Technical view:
Important support and resistance level of Bank nifty are 55150 and 57650 respectively.
Intraday Support and resistance of Bank nifty are 56500 and 57135 respectively.
The Relative Strength Index (RSI) for the Nifty Bank index at 65.4. Below 30 is considered oversold and above 70 overbought.
Bank nifty Day SMA Analysis
Bank nifty is trading above 6 out of 8 SMA’s (5, 10, 20, 30, 50, 100 Day).
Bank nifty is trading below 2 out of 8 SMA’s (150, 200 Day).
Two Bullish active Candlestick Pattern was identified in bank nifty on daily chart.
- Closing Marubozu Uptrend
- Long Line Uptrend
Important Pivot Point Levels for Today
Nifty
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 23077.97 | 23195.93 | 23409.42 | 23527.38 | 23740.87 | 23858.83 | 24072.32 |
Bank Nifty
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 54931.32 | 55328.93 | 56071.87 | 56469.48 | 57212.42 | 57610.03 | 58352.97 |
By Ashok Bhandari (RA)
SEBI Regd. No. INH00019549
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