Daily Morning Report – 22/06/2026

NIFTY OUTLOOK: 24013.1   FII -1159.64 cr    DII 4859.07 cr

(22nd JUN – 25th JUN 2026)

As we discussed in the previous report dated 15th June 26 market behaviour remained on the expected lines during the week passed by as buyers control over the nifty and bullish sentiments take the nifty rally upto our level of 24160 i.e. made a weekly high of 24189.25

Further a standard doji candle appeared on weekly chart of nifty suggest indecision about the nifty direction, it is appeared in present uptrend may act as continuation pattern and give favour to buyers. Hence if bulls will take control then on successful surpassed of 24187 nifty may rally further upto 24343-360 to 24533. If more demand will accentuate then it may have chances to test 24710.

Furthermore this candle also indicts that buyers are losing momentum hence there is chances of consolidation and profit booking which will give favour to sellers. Hence if bears will take control then nifty may slide upto 23840 to 23667 if failed to defend these supports then it may slide further upto 23493 to 23320.

Bank Nifty OUTLOOK:

SPOT:  57685.75  Pcr: 1.07 Max Ce OI on 60000 & Max Pe OI on 54000

On June 19, 2026, a Bank Nifty index was closed at 57685.75 (278.05) (0.48%). The total movement in the index was 340.35 during the trading session.  The index made a high of 57804.90 and a low of 57464.55.

Technical view:

Important support and resistance level of Bank nifty are 57420 and 58200 respectively.

Intraday Support and resistance of Bank nifty are 57590 and 57780 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 67.80. 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 .

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

• Hammer

Important Pivot Point Levels for Today                                                                                                                          

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549

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