EQUITY MARKET (21st July 2026)

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

As of 10:13 (IST)

NSE ADVANCE/DECLINE:

As of 10:15 (IST)

NIFTY INDEX DAILY REPORT

The Nifty 50 experienced a turbulent day of trading, tumbling to the day’s low of 24,135.65, before settling the session down by -0.21% at 24,187.70. Initial market drag stemmed primarily from sharp sell-offs in major private lenders, such as Axis Bank and HDFC Bank, following disappointment over their compressed net interest margins. Escalating Middle Eastern conflict and elevated crude benchmarks topping $88 a barrel, further dampened investor sentiment. Nevertheless, the index firmly held its ground above the crucial 24,135 support level, driven by gains across IT stocks, state-owned banks. Backed by steady domestic buying, the benchmark absorbed the worst of the downward pressure, stabilizing right around the key 24,200 threshold as traders braced for the upcoming weekly options expiry. Upside in the index can only be seen , if index manages to trade above 24,250, else index can again fall towards 24,000.

Bank Nifty index demonstrated range-bound, defensive price action, hovering closely around its key pivot zone near 57,850 to 57,950. After opening at 57,853.75, the index touched an intraday high of 58,228.65, while buyers reliably defended lower levels around the 57,800 support area. Sector performance remained marked by stark divergence. Ongoing margin pressures in private banking heavyweights like HDFC Bank restrained overall index upside, whereas steady buying interest in public sector lenders and select private majors helped offset selling pressure. Ultimately, the benchmark stabilized in settling down by 0.19% around 57,835.35.

Nifty Auto index overcoming early-session weakness to gain nearly 0.93% and close near the level of  27,280.60. After opening flat around 27,031.80 and dipping to an intraday low of 26,912.25 under the weight of lingering cost concerns from elevated global crude oil prices, strong buying in the later day of the session propelled the sector into positive territory. Heavyweights in the auto and auto-ancillary space saw steady institutional accumulation, helping the index outperform broader market benchmarks. By firmly defending its key support zone above 26,900 and touching a high of 27,307, the sector signaled robust underlying investor demand, digesting near-term commodity volatility and establishing a positive tone heading into the remaining sessions of the week.

The Nifty Realty index displayed resilience amidst mixed market cues, edging up 1.07% to settle around 927.35. The sector found crucial footing following strong early-July momentum, driven by robust pre-sales figures, Mumbai’s 14-year high property registrations, and impressive NCR luxury project bookings from developers like Oberoi Realty. While rising crude oil prices and earnings-related volatility in private banking initially created a cautious environment for rate-sensitive stocks, market sentiment was stabilized by solid credit growth indicators from public sector banks and stable bond yields. 

NIFTY DAILY CHART

The Nifty failed to surge and stay above the mark of 24,200, thus making nifty vulnerable and it may again fall towards the level of 24,100. Thus, if the index maintains itself  above the mark of 24,200, 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 21^st, 2026

NIFTY50:

Nifty slipped 0.21%, opening at 24,216.05 and witnessing selling pressure immediately after the opening bell. The index briefly touched an intraday high of 24,262.20, near the 24,250 resistance highlighted previously, but failed to sustain above that level. It then declined to an intraday low of 24,135.65, finding support near its 11-DMA, before trading in a narrow range for the remainder of the session and closing at 24,187.70. The trend remains sideways, with the index continuing to trade below its 200-DMA but above its 30-DMA and 11-DMA, indicating a mixed technical setup. The RSI eased to 54.05, suggesting momentum remains neutral with a slight positive bias. Immediate resistance is placed at 24,250–24,450, while support lies at 24,100–23,900. A decisive breakout above 24,250 could strengthen the bullish outlook, while a breach below 24,100 may invite fresh selling pressure.  

BANKNIFTY:

Bank Nifty declined 0.15%, opening at 57,853.75 and initially spiking to an intraday high of 58,228.00, just below the 58,250 resistance. However, the index failed to sustain higher levels and drifted lower to an intraday low of 57,803.00 before ending the session almost unchanged at 57,835.35. The trend remains sideways, with Bank Nifty trading above its 30-DMA, 200-DMA, and 11-DMA, indicating that the broader technical structure remains constructive despite the lack of momentum. The RSI at 53.96 reflects neutral strength. Immediate resistance is placed at 58,250–58,600, while support is seen at 57,300–57,000. A sustained move above 58,250 could trigger a fresh rally, whereas a break below 57,300 may weaken the short-term outlook. 

NIFTY MID SELECT:

Nifty Mid Select (Midcap Nifty) advanced 0.23%, opening at 14,785.30 and touching an intraday high of 14,834.15 before witnessing mild profit booking. The index slipped to an intraday low of 14,766.20, traded in a narrow range thereafter, and closed at 14,814.30. The trend remains sideways to bullish, with the index comfortably trading above its 200-DMA, 30-DMA, and 11-DMA, highlighting continued strength in the broader market. The RSI at 59.91 indicates healthy bullish momentum without entering overbought territory. Immediate resistance is placed at 14,880–15,000, while support is seen at 14,770–14,650. A sustained breakout above 14,880 could extend the ongoing uptrend toward fresh highs.  

NIFTY CHEMICALS:

Nifty Chemicals gained 1.49%, opening around 30,600 and witnessing strong buying interest throughout the session. The index rallied sharply to an intraday high and all time high of 30,982.60 before closing near the day’s high at 30,947.10, reflecting sustained buying momentum. The trend remains bullish, with the index trading above its 30-DMA, 11-DMA, and 100-DMA, confirming a strong technical setup. The RSI at 66.72 indicates robust momentum and is approaching the overbought zone, suggesting that while the trend remains positive, some profit booking cannot be ruled out after the recent rally. Immediate support is placed at 30,700–30,300, while resistance is seen at 31,400–31,900. A decisive move above 31,400 could accelerate the rally toward the next resistance zone. 

Pivot Table:

FII/FPI & DII trading activity on NSE, BSE and MSEI in Capital Market Segment: 21st July 2026

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