📊 Market Outlook for Tomorrow – NIFTY & BANK NIFTY
📊 Closing Snapshot
NIFTY 50: 23,815 (-360 pts)
BANK NIFTY: 54,439 (-870 pts)
India VIX: 18.51 (+9.93%)
FII Activity: Net Sellers (~₹8,437 Cr)
DII Activity: Net Buyers (~₹5,939 Cr)
🔹 NIFTY Outlook
NIFTY closed weak below key short-term averages, indicating bearish momentum. RSI remains weak with volatility rising sharply.
Support: 23,800 → 23,600
Resistance: 24,000 → 24,150
📌 Strong Put OI near 23,500–23,800
📌 Call writing visible near 24,000–24,200
✅ Above 24,000 short covering possible
⚠️ Below 23,800 weakness may extend toward 23,400
🔹 BANK NIFTY Outlook
BANK NIFTY continued underperforming with pressure across private banking stocks. Structure remains weak below 55,000.
Support: 54,300 → 54,000
Resistance: 55,000 → 55,500
✅ Recovery possible above 55,500
⚠️ Below 54,000 selling pressure may intensify
🔥 Result Stocks in Focus
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