Daily Morning Report – 30/07/2026

Date 30.07.2026

NIFTY OUTLOOK: 24250.20   FII 2981.87 cr    DII 998.02 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as positive sentiments take the nifty rally extreme upto 24283.55

Further opening bullish gap candle appeared on daily chart of nifty suggest continuation of buying pressure, hence if nifty successfully taken out 24305 then it may rally upto 24360 to 24415. If more demand will accentuate then it may have chances to test 24470.

However for down side 24195 to 24140 may act as immediate supports for the nifty, if break below these supports and sustained may drift down the nifty upto 24085 to 24030.

Bank Nifty OUTLOOK:                                                                                             

SPOT:  57205.90  Pcr: 0.89 Max Ce OI on 58000 & Max Pe OI on 58000

On July 29, 2026, a Bank Nifty index was closed at 57205.90 (450.30) (0.79%). The total movement in the index was 376.60 during the trading session.  The index made a high of 57315.95 and a low of 56939.35.

Technical view

Important support and resistance level of Bank nifty are 56090 and 57900 respectively.

Intraday Support and resistance level of Bank nifty are 57105 and 57310 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 50.0. Below 30 is considered oversold and above 70 overbought.

Bank nifty Day SMA Analysis

Bank nifty is trading above 4 out of 8 SMA’s  (5, 50, 100, 150 Day).

Bank nifty is trading below 4 out of 8 SMA’s. (10, 20, 30, 200 Day)

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

• Spinning Top Uptrend

Important Pivot Point Levels for Today          

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549