Daily Morning Report – 16/01/26

NIFTY OUTLOOK: 25,665.60
FII: -Rs. 4,781.24 cr  DII: Rs. 5,217.28 cr

As discussed yesterday, market behaviour remained on expected lines during the session. The Nifty rebound faced resistance at 25,790, registering an intraday high of 25,791.75, and then slipped towards the support zone of 25,620, touching a low of 25,603.95.

A shooting-star type candle on the daily chart indicates that sellers overpowered buyers at higher levels, highlighting strong resistance on the upside. If sellers gain further control, a decisive breakdown below 25,610 could drag Nifty towards 25,555–25,500. If selling pressure intensifies, the index may test 25,445.

However, Nifty has respected its 100-day EMA near 25,620 and the psychological level of 25,600. If this support continues to hold, a sustained move above 25,721 could push the index towards 25,777–25,831. With stronger buying momentum, Nifty may test 25,887.

BANK NIFTY OUTLOOK:
Spot: 59,580.15  PCR: 0.89
Max CE OI: 59,500  Max PE OI: 59,500

On 14th January 2026, Bank Nifty closed at 59,580.15, marginally up by 1.35 points, ending flat for the day. The index witnessed an intraday movement of 472.45 points, with a high of 59,796.65 and a low of 59,324.20.

Technical View:
Key support and resistance levels for Bank Nifty are placed at 58,890 and 59,950, respectively.
Intraday support and resistance levels are seen at 59,450 and 59,710.
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 7 out of 8 SMA’s (5, 20, 30, 50, 100, 150, 200 Day).

Bank nifty is trading below 1 out of 8 SMA’s (10, Day).

One Candlestick Pattern was identified in bank nifty on daily chart.

• Belt Hold Uptrend

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 keeps the possibility of rate cuts later this year open.

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 earlier setbacks in trade negotiations.

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