Daily Morning Report 21/08/2026

Date 21.08.2026

NIFTY OUTLOOK: 24231.85   FII -583.36 cr    DII 3537.71 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as filling of opening bullish gap, multiple and psychological support of 24000 give the price bounce upto 24265.15

Further a doji candlestick appeared on daily chart of nifty suggest indecision about nifty direction but after a drop in price an opening bullish gap doji candle appeared that suggest buyers overcome the selling pressure and restricted the sellers to move down further, this all favour the bulls hence if bulls will take control then nifty may rally upto 24313 to 24353 on decisively breakout of 24273. If more demand will accentuate then it may have chances to test 24394.

Furthermore this doji candle near the support zone is a warning sign that present down word move may be end, but prevailing trend is bearish hence if nifty continue with its down ward move may find support around 24191 to 24151. If break below these supports and sustain may drift down the nifty upto 24110 to 24070.

Bank Nifty OUTLOOK:                                                                                             

SPOT:  57495.90  Pcr: 0.81 Max Ce OI on 58000 & Max Pe OI on 57000

On August 20, 2026, a Bank Nifty index was closed at 57495.90 (256.15) (0.45%). The total movement in the index was 271.15 during the trading session.  The index made a high of 57702.95 and a low of 57431.80.

Technical view;

Important support and resistance level of Bank Nifty Future are 57485 and 57901 respectively.

Intra Day support and resistance level of Bank Nifty Future are 57535 and 57745 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 50.5. 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 (5, 20, 100, 150, 200 Day).

Bank nifty is trading below 3 out of 8 SMA’s (10, 30, 50 Day).

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

• Long Legged Doji Uptrend

Important Pivot Point Levels for Today          

Nifty (Spot)

Bank Nifty (Spot)

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549