Date 22.07.2026
NIFTY OUTLOOK: 24187.70 FII 1650.16 cr DII -656.88 cr
As discussed yesterday market behaviour remained on the expected lines during the day, as nifty has taken very tiny movement, failed to get supportive buying and slide upto our support of 24121 i.e. made a day low of 24135.65
Further a small bearish candle appeared on daily chart of nifty which made almost similar high and low of its previous trading session suggest indecision about nifty direction. Hence if buyers will take control of nifty then on decisively breakout of 24243 it may rally upto 242978 to 24353. If more demand will accentuate then it may have chances to test 24410.
However this candle closed below its previous candle closing favour the bears hence if bear will take charge of the nifty then on decisively breakdown of 24132 nifty may slide upto 24077 to 24021. If more supply will accentuate then it may have chances to test 23967.
Bank Nifty OUTLOOK:
SPOT: 57835.35 Pcr: 0.88 Max Ce OI on 59000 & Max Pe OI on 58000
On July 21, 2026, a Bank Nifty index was closed at 57835.35 (-109.65) (-0.19%). The total movement in the index was 424.80 during the trading session. The index made a high of 58228.65 and a low of 57803.85.
Technical view:
Important support and resistance level of Bank nifty are 57180 and 58880 respectively.
Intraday Support and resistance level of Bank nifty are 57720 and 57955 respectively.
The Relative Strength Index (RSI) for the Nifty Bank index at 54.0. Below 30 is considered oversold and above 70 overbought.
Bank nifty Day SMA Analysis
Bank nifty is trading above 7 out of 8 SMA’s (10, 20, 30, 50, 100,150, 200 Day).
Bank nifty is trading below 1 out of 8 SMA’s. (5 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
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 24001.62 | 24068.63 | 24128.17 | 24195.18 | 24254.72 | 24321.73 | 24381.27 |
Bank Nifty
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 57258.45 | 57531.15 | 57683.25 | 57955.95 | 58108.05 | 58380.75 | 58532.85 |
By Ashok Bhandari (RA)
SEBI Regd. No. INH00019549
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