Daily Morning Report – 26/05/2026

Date 26.05.2026

NIFTY OUTLOOK: 24031.70    FII 821.75 cr    DII 3856.88 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as buyers succeed to break the consolidation and take the nifty rally upto 24054.45

Further an opening bullish candle appeared on daily chart of nifty suggest continuation of buying pressure hence if nifty successfully taken out 24104 then it may rally upto 24177 to 24250. If more demand will accentuate then it may have chances to test 24323.

However for down side 23960 to 23886 may act as immediate supports for the nifty, if break through below these supports and sustain may drift down the nifty upto 23813 to 23741.

Bank Nifty OUTLOOK:                                                                                                   

SPOT:  55293.65 Pcr: 1.00 Max Ce OI on 56000 & Max Pe OI on 54000

On May 25, 2026, a Bank Nifty index was closed at 55293.65 (1238.30) (2.29%). The total movement in the index was 814.50 during the trading session.  The index made a high of 55405.20 and a low of 54590.70.

Technical view:

Important support and resistance level of Bank nifty are 54830 and 55520 respectively.

Intraday Support and resistance of Bank nifty are 55070 and 55515 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 54.7. Below 30 is considered oversold and above 70 overbought.

Bank nifty Day SMA Analysis:

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

Bank nifty is trading below 3 out of 8 SMA’s (100, 150, 200 Day).

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

• Long Line Uptrend

 Important Pivot Point Levels for Today                                                                                                                          

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549