Daily Morning Report – 25/05/26

Date 25.05.2026 

NIFTY OUTLOOK: 23719.30    FII -4440.47 cr    DII 6003.53 cr

(25th May – 29th May 2026)

As we discussed in the previous report dated 18th May 26 market behaviour remained on the expected lines during the week passed by as supportive buying take the nifty rally upto 23860 i.e. near to our weekly resistance of 23847.

Further a small bullish candle appeared on weekly chart of nifty suggest that short term sentiments are positive and it may find resistance around 23915 to 24110. If break through above these resistances and sustain may push the nifty rally further upto 24305 to 24500.

However for down side nifty may find support around 23523 to 23327. If failed to defend these supports then it may slide further upto 23133 to 22937.

Bank Nifty OUTLOOK:

SPOT:  54055.35 Pcr: 0.74 Max Ce OI on 56000 & Max Pe OI on 54000

On May 22, 2026, a Bank Nifty index was closed at 54055.35 (615.95) (1.15%). The total movement in the index was 729.50 during the trading session.  The index made a high of 54213.05 and a low of 53483.55.

Technical view :

Important support and resistance level of Bank nifty are 53660 and 54450 respectively.

Intraday Support and resistance of Bank nifty are 53850 and 54255 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 45.9. Below 30 is considered oversold and above 70 overbought.

Bank nifty Day SMA Analysis:

Bank nifty is trading above 2 out of 8 SMA’s  (5, 10 Day).

Bank nifty is trading below 6 out of 8 SMA’s (20, 30, 50, 100, 150, 200 Day).

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

• Long Line Uptrend

Macros:

1.Dollar index is @ 99.19 .

2.Vix is @ 16.70.

3.Brent crude is @ 100.21.

Note:  U.S. President Trump said in a post on Truth Social that following a call with leaders in the Middle East on Saturday, an agreement has been “largely negotiated” subject to finalization between the United States, Iran and other countries in the region. He added that while the details were still being finessed, the deal includes the opening of the Strait of Hormuz.

According to the report, the proposed arrangement would involve the phased reopening of the Strait of Hormuz, negotiations over reducing or relocating Iran’s enriched uranium reserves, and measures by Washington to relax restrictions on Iranian ports and provide sanctions relief.

Iran’s Islamic Revolutionary Guard Corps has conversely warned of broad regional and extra-regional retaliation against any fresh bombardments.

Colclusion: Some good news may come out soon in IRAN -US war .

Important Pivot Point Levels for Today                                                                                                                          

Nifty

Bank Nifty

By Ashok Bhandari (RA)

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