Date 24.06.2026
NIFTY OUTLOOK: 23824.10 FII 17.86 cr DII 680.21 cr
As discussed yesterday market behaviour remained on the expected lines during the day, as profit booking drag down the nifty upto 23784.95 on decisively breakdown of 24043.
Further a strong bearish candle appeared on daily chart of nifty suggest selling pressure for nifty hence if it continue with its selling pressure then on decisively breakdown of 23760 nifty may slide upto 23695 to 23632. If more supply will accentuate then it may have chances to test 23567.
However for upside 23888 to 23953 may act as immediate resistance for nifty, if break through above these resistances and sustain may push the nifty upto 24017 to 24080.
Bank Nifty OUTLOOK:
SPOT: 57183.75 Pcr: 0.87 Max Ce OI on 60000 & Max Pe OI on 54000
On June 23, 2026, a Bank Nifty index was closed at 57183.75 (-751.85) (-1.30%). The total movement in the index was 892.45 during the trading session. The index made a high of 57970.90 and a low of 57078.45.
Technical view:
Important support and resistance level of Bank nifty are 56730 and 57430 respectively.
Intraday Support and resistance of Bank nifty are 56930 and 57430 respectively.
The Relative Strength Index (RSI) for the Nifty Bank index at 61.0. Below 30 is considered oversold and above 70 overbought.
Bank nifty Day SMA Analysis:
Bank nifty is trading above 6 out of 8 SMA’s (10, 20, 30, 50, 100, 200 Day).
Bank nifty is trading below 2 out of 8 SMA’s (5, 150 Day).
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 |
| 23343.65 | 23564.3 | 23694.2 | 23914.85 | 24044.75 | 24265.4 | 24395.3 |
Bank Nifty
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 55958.72 | 56518.58 | 56851.17 | 57411.03 | 57743.62 | 58303.48 | 58636.07 |
By Ashok Bhandari (RA)
SEBI Regd. No. INH00019549
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