Daily Morning Report – 30/01/26

NIFTY OUTLOOK: 25418.90   FII -393.97 cr    DII 2638.76 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as on opening nifty slide near to our support of 25143 i.e. made a day low of 25159.8, bullish sentiments support the bounce from there and we have seen rally upto 25458.15

Further a bullish candle with long lower wick suggest continuation of its bullish sentiments and this may encounter resistance around 25487 to 25560. If break-through above these resistances and sustain may push the nifty further upto 25621 to 25690.

However for down side 25351 to 25283 may act as immediate support for the nifty if break below these supports and sustain may drift down the nifty upto 25216 to 25147.

Bank Nifty OUTLOOK:   

SPOT:   59957.85  Pcr: 1.19 Max Ce OI on 60000 & Max Pe OI on 60000

On January 29, 2026, a Bank Nifty index was closed at 59957.85 (359.05) (0.60%). The total movement in the index was 721.70 during the trading session.  The index made a high of 60060.70 and a low of 59339.00.

Technical view                                        

Important support and resistance level of Bank nifty are 58980 and 60310 respectively.  

Intraday Support and resistance of Bank nifty are 59759 and 60156 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 56.3. 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 Candlestick Pattern was identified in bank nifty on daily chart.

• Long Line Uptrend

Macros

1.Dollar index is @ 96.34

2.Vix is @ 16.88 ( +3.24 )

3.Brent crude is @ 68.94

4.US 10 years bond yield is @ 4.264

Note:  The Federal Reserve held interest rates steady on Wednesday amid what U.S. central bank chief Jerome Powell described as a solid economy ​and diminished risks to both inflation and employment, an outlook that could signal a lengthy wait before any further reductions in borrowing costs.

With Western leaders reeling from the unpredictability of U.S. President Donald Trump, Starmer became just the latest to head to China, where he called for a “more sophisticated relationship” with improved market access, lower tariffs and investment deals. Britain and China hailed a reset in relations on Thursday, after Prime Minister Keir Starmer and President Xi Jinping pledged greater cooperation on trade, investment and technology to the mutual benefit of both countries.

India’s textile and apparel exporters, hit by 50% U.S. tariffs imposed late in August, are banking on this week’s trade agreement with the European Union to offset part of the damage, while urging New Delhi to secure a quick deal with Washington.

Under the pact, which will be implemented in about a year, the EU will immediately remove duties on 90% of Indian goods, including the roughly 12% tariff on textiles and apparel.”At a time when the sector is weighed down by high U.S. tariffs, the India–EU agreement opens the door to greater market access “.

Important Pivot Point Levels for Today           

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549