Date 15.07.2026
NIFTY OUTLOOK: 24052.05 FII -739.69 cr DII 2927.71 cr
As discussed yesterday market behaviour remained on the expected lines during the day, as nifty break its immediate supports and slide upto our support of 24013 i.e. made a day low of 24023.7.
Further a opening bearish gap down candle with upper wick appeared on daily chart of nifty suggest selling pressure for nifty hence if nifty decisively breakdown 23987 then it may slide further upto 23925 to 23861. If more supply will accentuate then it may have chances to test 23797.
However for up side 24115 to 24179 may act as immediate resistances for the nifty, if break through below these resistances and sustain may push the nifty upto 24243 to 24307.
Bank Nifty OUTLOOK:
SPOT: 57462.30 Pcr: 0.85 Max Ce OI on 59000 & Max Pe OI on 59000
On July 14, 2026, a Bank Nifty index was closed at 57462.30 (-669.15) (-1.15%). The total movement in the index was 553.15 during the trading session. The index made a high of 57840.05 and a low of 57286.90.
Technical view:
Important support and resistance level of Bank nifty are 56925 and 58605 respectively.
Intraday Support and resistance level of Bank nifty are 57310 and 57620 respectively.
The Relative Strength Index (RSI) for the Nifty Bank index at 52.8. Below 30 is considered oversold and above 70 overbought.
Bank nifty Day SMA Analysis
Bank nifty is trading above 5 out of 8 SMA’s (30, 50, 100,150, 200 Day).
Bank nifty is trading below 3 out of 8 SMA’s. (5, 10, 20 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 |
| 23864.73 | 23944.22 | 23998.13 | 24077.62 | 24131.53 | 24211.02 | 24264.93 |
Bank Nifty
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 56666.3 | 56976.6 | 57219.45 | 57529.75 | 57772.6 | 58082.9 | 58325.75 |
By Ashok Bhandari (RA)Set featured image
SEBI Regd. No. INH00019549
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