Date 23.06.2026
NIFTY OUTLOOK: 24102.90 FII -635.91 cr DII 1035.72 cr
As discussed yesterday market behaviour remained on the expected lines during the day, as nifty maintain our support of 24077 throughout the day (day low 24073.15) and rallied upto 24168.05.
Further a bearish doji kind candlestick appeared on daily chart of nifty suggest resistance at high level and profit booking. Hence if more profit booking will persist then nifty may slide upto 23981 to 23922 on decisively breakdown of 24043. If more supply will accentuate then it may have chances to test 23861.
Furthermore short term sentiments are still positive hence if nifty successfully taken out 24163 then it may rally further upto 24225 to 24285. If more demand will accentuate then it may have chances to test 24343.
Bank Nifty OUTLOOK:
SPOT: 57935.60 Pcr: 1.10 Max Ce OI on 60000 & Max Pe OI on 54000
On June 22, 2026, a Bank Nifty index was closed at 57935.60 (249.85) (0.43%). The total movement in the index was 289 during the trading session. The index made a high of 58009.10 and a low of 57720.10.
Technical view:
Important support and resistance level of Bank nifty are 57420 and 58200 respectively.
Intraday Support and resistance of Bank nifty are 57850 and 58020 respectively.
The Relative Strength Index (RSI) for the Nifty Bank index at 69.1. 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 .
Two Bullish active Candlestick Pattern was identified in bank nifty on daily chart.
- Long Legged Doji Uptrend
- Spinning Top Uptrend
Important Pivot Point Levels for Today
Nifty
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 23966.45 | 24019.8 | 24061.35 | 24114.7 | 24156.25 | 24209.6 | 24251.15 |
Bank Nifty
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 57478.43 | 57599.27 | 57767.43 | 57888.27 | 58056.43 | 58177.27 | 58345.43 |
By Ashok Bhandari (RA)
SEBI Regd. No. INH00019549
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