EQUITY MARKET (20th July 2026)

FII/FPI & DII trading activity on NSE, BSE and MSEI in Capital Market Segment: 17th July 2026

As of 10:16 (IST)

NSE ADVANCE/DECLINE:

As of 10:17 (IST)

POST MARKET BRIEF:

NIFTY INDEX DAILY REPORT

Nifty 50 traded with mixed sentiment and prices did rise to 24,266.10, but couldn’t break the previous day’s high to settle down by 0.39% on daily basis at 24,238.50. This market cooldown was largely triggered by regional geopolitical tensions that drove crude oil prices above $90 per barrel, raising inflation alarms for the oil-dependent Indian economy. The index experienced a sharp sectoral split; a wave of mixed corporate earnings over the weekend dragged down massive private banking heavyweights like Axis Bank and HDFC Bank, while defensive spaces like pharmaceuticals, metals, and IT provided a vital cushion against a steeper market crash. Ultimately, the benchmark index spent the session consolidating, fiercely defending its structural support zone near 24,100 while facing strong technical resistance of 24,350.

The Bank Nifty index wiped out its recent gains, dropping 576.40 points to finish at 57,945. Investors aggressively unwound positions following a wave of Q1 FY27 financial results over the weekend, where reports of shrinking net interest margins deflated previous market optimism. This triggered a stark divide across the banking sector; major private lenders suffered the heaviest losses, highlighted by Axis Bank plunging over 5.41%, HDFC Bank slumping 5.19%, and Kotak Mahindra Bank sliding roughly 1.99%. Conversely, public sector undertakings showed remarkable defiance against the broader downturn, led by Punjab National Bank’s 5,68% surge alongside steady growth in Bank of Baroda and Union Bank of India. Ultimately, these public sector gains were overshadowed by the steep sell-off in heavyweight private equities, leaving the index firmly in the red.

Nifty Pharma index climbed 1.40% to conclude the trading day at 26,003.15. The index drew strong capital inflows from traders seeking defensive shelter amid rising macroeconomic uncertainties and climbing crude prices. The index initiated the morning with modest gains at 25,699.30 and steadily advanced throughout the session as funds pivoted out of weak banking equities, eventually touching a daily high of 26,126.20 before easing slightly by the closing bell. This sector-wide upward trend was anchored by robust buying interest in industry leaders like Torrent Pharmaceuticals, Cipla, and Mankind Pharma, ensuring the healthcare basket remained a definitive bright spot.

The Nifty Energy index advanced 0.98% to settle at 39,663.45 by the closing bell. The sector successfully broke away from the downward trend, attracting investors who were seeking safety from soaring global oil prices and escalating overseas geopolitical strife. The index started the day flat at 39,273.10, the index gathered consistent upward momentum throughout thus, hitting a daily high of 39,734.80 as capital shifted toward energy commodities. This strong performance was primarily driven by jump in its largest heavyweight, Reliance Industries, ahead of its quarterly financial results, combined with steady gains in state-owned giants like Power Grid, cementing the sector’s position as a major market bright spot.

NIFTY DAILY CHART

The Nifty, managed to gain momentum, but still stayed below the previous close of 24,367.30. but managed to  settle just above the psychological level of 24,100 at 24238.50 Thus, if the index maintains itself  above the mark of 24,00, then the index would further strengthen towards the level of 24,350. If the index falls below the mark of 24,100, then it can again touch the level of 24,000.

Equity Market Technical Analysis Snapshot: Jul 20^th, 2026

NIFTY50:

Nifty slipped 0.39%, opening gap-down at 24,190.05 and initially trading in a narrow range. The index fell to an intraday low of 24,135.85, briefly slipping below its 11-DMA, but quickly recovered as buying emerged from lower levels. It later touched an intraday high of 24,266.10 before settling at 24,238.50, forming an inside-day candlestick pattern, which reflects indecision after the recent move. The trend remains sideways, with Nifty trading below its 200-DMA but above its 30-DMA and 11-DMA, indicating that the broader recovery remains intact despite the lack of directional momentum. The RSI at 55.58 suggests a mildly positive bias. Immediate resistance is placed at 24,250–24,450, while support is seen at 24,100–23,900. A decisive breakout above 24,250 could trigger fresh buying, whereas a break below 24,100 may weaken the short-term outlook. 

BANKNIFTY:

Bank Nifty declined 0.98%, opening at 57,831.10 and initially witnessing weakness as it slipped below the 11-DMA to an intraday low of 57,333.10. However, strong buying interest from lower levels helped the index recover sharply to an intraday high of 58,111.00, before closing at 57,945.00. The trend remains sideways, with the index continuing to trade above its 30-DMA, 200-DMA, and 11-DMA, reflecting a stable medium-term structure despite intraday volatility. The RSI at 54.92 indicates neutral-to-positive momentum. Immediate resistance is placed at 58,250–58,600, while support lies at 57,300–57,000. Holding above 57,300 will keep the bullish structure intact, while a breakout above 58,250 could extend the recovery. 

NIFTY MID SELECT:

Nifty Mid Select (Midcap Nifty) gained 0.44%, opening at 14,700.50 and initially declining to an intraday low of 14,651.05. The index then witnessed strong buying momentum, rallying to an intraday high of 14,876.45, before giving up part of its gains and closing at 14,793.25. Despite the intraday volatility, the trend remains sideways to bullish, with the index comfortably trading above its 200-DMA, 30-DMA, and 11-DMA, indicating sustained strength in the broader market. The RSI at 58.76 reflects healthy momentum. Immediate resistance is placed at 14,820–14,880, while support is seen at 14,710–14,650. A sustained breakout above 14,880 could lead to fresh record highs, while holding 14,710 will be crucial to maintain the bullish bias. 

NIFTY PSU BANK:

Nifty PSU Bank rallied 2.78%, opening at 8,397.25 and witnessing strong buying throughout the session. The index surged to an intraday high of 8,643.50, successfully breaking above both its 30-DMA and 200-DMA, before closing firmly at 8,615.10. The trend has turned bullish, supported by the index trading above its 11-DMA, 30-DMA, and 200-DMA, confirming a positive shift in the technical structure. The RSI at 57.32 indicates strengthening momentum while remaining well below the overbought zone. Immediate support is placed at 8,500–8,350, while resistance is seen at 8,650–8,750. A sustained move above 8,650 could trigger further upside, while holding 8,500 will be important to preserve the current bullish momentum. 

Pivot Table:

FII/FPI & DII trading activity on NSE, BSE and MSEI in Capital Market Segment: 20th July 2026

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