Daily Morning Report – 30/03/26

NIFTY OUTLOOK: 22819.60 FII -4367.30 cr    DII 3566.15 cr

(30th March – 2nd April 2026)

As we discussed in the previous report dated 23rd March 26 market behaviour remained on the expected lines during the week passed by as on Monday 23 Mar 26 nifty start with bearish sentiments which drift down it upto 22471 from there buyers were re strike and nifty were bounce upto 23465. Thus after oscillate both side it gave closing near to its weekly opening i.e. 22819.6

Further a back to back doji candle stick appeared on weekly chart of nifty suggest high indecision about direction of nifty but prevailing sentiments favour the bears and this southward journey may find support around 22616 to 22413. If failed to defend these supports then it may slip further upto 22210 to 22007.

Furthermore this structure also indicts that buyers were defeated by sellers hence if buyers will re strike then nifty may bounce upto 23023 to 23227. If break-through above these resistances and sustain may push the nifty upto 23430. If more demand will accentuate then it may have chances to test 23635.

Bank Nifty OUTLOOK:   

SPOT:  52274.60 Pcr: 0.83 Max Ce OI on 59000 & Max Pe OI on 49000

On March 27, 2026, a Bank Nifty index was closed at 52274.60 (-1433.50) (-2.67%). The total movement in the index was 1081.3 during the trading session.  The index made a high of 53292.50 and a low of 52211.20.

Technical view:

Important support and resistance level of Bank nifty are 51100 and 54100 respectively.  

Intraday Support and resistance of Bank nifty are 51977 and 52572 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 33.4. 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 7 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.

Important Pivot Point Levels for Today                                                                                                                          

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549