Date 18.06.2026
NIFTY OUTLOOK: 24085.70 FII 101.59 cr DII 1561.40 cr
As discussed yesterday market behaviour remained on the expected lines during the day, as bullish bias take the nifty rally upto 24108.2.
Further a bullish candle appeared on daily chart of nifty suggest continuation of bullish momentum hence if nifty successfully taken out 24153 then it may rally upto 24220 to 24287. If more demand will accentuate then it may have chances to test 24355.
However for down side 24018 to 23951 may act as immediate supports for the nifty, if break through below these supports and sustain may drift down the nifty upto 23883 to 23817.
Bank Nifty OUTLOOK:
SPOT: 57585.05 Pcr: 1.08 Max Ce OI on 60000 & Max Pe OI on 54000
On June 17, 2026, a Bank Nifty index was closed at 57585.05 (287.90) (0.50%). The total movement in the index was 423.75 during the trading session. The index made a high of 57646.15 and a low of 57222.40.
Technical view:
Important support and resistance level of Bank nifty are 55980 and 58570 respectively.
Intraday Support and resistance of Bank nifty are 57470 and 57700 respectively.
The Relative Strength Index (RSI) for the Nifty Bank index at 69.2. Below 30 is considered oversold and above 70 overbought.
Bank nifty Day SMA Analysis
Bank nifty is trading above 8 out of 8 SMA’s (5, 10, 20, 30, 50, 100, 150, 200 Day).
Bank nifty is trading below 0 out of 8 SMA’s .
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 |
| 23862.37 | 23916.03 | 24000.87 | 24054.53 | 24139.37 | 24193.03 | 24277.87 |
Bank Nifty
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 56899.17 | 57060.78 | 57322.92 | 57484.59 | 57746.67 | 57908.28 | 58170.42 |
By Ashok Bhandari (RA)
SEBI Regd. No. INH00019549
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