Daily Morning Report – 25/03/26

NIFTY OUTLOOK: 22912.40 FII -8009.56 cr    DII 5867.15 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as RSI reached to oversold territory attracted bounce upto 23057.6

Further a bullish spinning top candle appeared  on daily of nifty suggest indecision among nifty direction but this candle observed after a long decline suggest diminishing of selling pressure and warning as a interruption in the prevailing bearish trend hence if bulls will get supportive buying then nifty may rally upto 23151 to 23270 on decisively breakout of 23033. If more demand will accentuate then it may have chances to test 23390.

However prevailing trend is bearish hence if bears will continue to lead nifty then on decisively breakdown of 22793 it may slip upto 22673 to 22555. If more supply will accentuate then it may have chances to test 22435.

Bank Nifty OUTLOOK:   

SPOT:  52605.65 Pcr: 0.76 Max Ce OI on 61000 & Max Pe OI on 59000

On March 24, 2026, a Bank Nifty index was closed at 52605.65 (1167.90) (2.27%). The total movement in the index was 778.15 during the trading session.  The index made a high of 51827.50 and a low of 52605.65.

Technical view                                        

Important support and resistance level of Bank nifty are 51100 and 52800 respectively.  

Intraday Support and resistance of Bank nifty are 52297.20 and 52914 respectively.         

The Relative Strength Index (RSI) for the Nifty Bank index at 31.37. Below 30 is considered oversold and above 70 overbought.  

Bank nifty Day SMA Analysis

Bank nifty is trading above 0 out of 8 SMA’s.

Bank nifty is trading below 8 out of 8 SMA’s (5,10, 20, 30, 50, 100, 150 Day).

No active Candlestick Pattern was identified in bank nifty on daily chart.

Macros :

1.Dollar index is @ 99.09.

2.Vix is @ 26.95 ( +3.06%).

3.Crude is @ 88.98

Note: The Pentagon is expected to send ​thousands of soldiers from the U.S. Army’s elite 82nd Airborne Division to the Middle East, two people familiar with the ‌matter told Reuters on Tuesday, adding to a massive U.S. military buildup even as President Donald Trump talks about a possible deal with Tehran to end the war.

Any use of U.S. ground troops – even for a limited mission – could pose significant political risks for Trump, given low ⁠American public support for the Iran campaign and Trump’s own pre-election promises to avoid entangling the U.S. in new Middle East conflicts.

A Reuters/Ipsos poll published on Tuesday found that 35% of Americans approve of the U.S. strikes on Iran, down from 37% in a survey conducted last week. Some 61% disapproved of the strikes, compared to 59% last week.

Pakistan’s role as a possible host of talks aimed at ending the Iran war builds on its courtship of U.S. President Donald Trump and its reputation as a relatively neutral player with long-standing ties to neighboring Iran’s Islamic Republic.

If talks happen, it could raise Pakistan’s global ‌prominence to heights not reached since Pakistan helped mediate the secret diplomatic opening that led to U.S. President Richard Nixon’s visit to China in 1972.

US is increasing its troops deployment in middle east on other hand claiming that talks is going on with Iran . Iran still don’t gave any official statement about the talks.

Important Pivot Point Levels for Toda

Nifty

Bank Nifty

By Ashok Bhandari (RA)
SEBI Regd. No. INH00019549