EQUITY MARKET (23rd July 2026)

FII/FPI & DII trading activity on NSE, BSE and MSEI in Capital Market Segment 22nd July 2026

As of 11:19(IST)

NSE ADVANCE/DECLINE: 

As of 14:02(IST)

NIFTY INDEX DAILY REPORT

Nifty 50 remained under pressure, continuing its corrective bias toward the psychological support level of 24,000. Overall market sentiment was dampened amid  global headwinds, including escalating Middle Eastern geopolitical risks, firming crude oil markets that have reached above the mark of $91, and sustained capital outflow from FIIs. Sectorally , pullbacks in core drivers like Banking, IT, and Healthcare capped gains, but defensive sectors like FMCG and select Auto counters cushioned the downside. On the charts, Nifty tested its crucial intraday support zone near 23,900, with momentum metrics suggesting choppy price action amid impending global macroeconomic catalysts and corporate earnings for Q1 FY27.

Bank Nifty extended its decline as widespread selling hit both private and public sector financial stocks. The index opened with a downward gap at 56,796.95 and tested lower bounds at 56,612 before stabilizing in the 56,700 region, registering a daily decline of nearly 0.94%.Risk appetite was curbed amid rising oil prices due to escalating Middle East tensions, ongoing FPI divestments, and currency pressure. Major index constituents including HDFC Bank, SBI, ICICI Bank, and Axis Bank traded in the red, with the Nifty PSU Bank index dropping 1% in its third consecutive declining session.Technically, the fall below the  support of 56,970 may push the index to the level of  56,500–56,800 zone.

Nifty Realty index extended its downward trend, sliding 1.81%  to settle the day at 886.70. Following a sharp sell-off in the prior session amid Brent crude prices surging toward $96/barrel amid heightened Middle Eastern geopolitical conflicts. The rate-sensitive real estate sector remained under pressure due to steady inflation and increased bond yields. Particularly, the session coincided with Nifty introducing a revised methodology effective July 24, implementing a 32% sponsor-level weight cap for the related Nifty REITs & Realty index. Technically, the breach of the 900 mark signals short-term weakness, keeping immediate focus on key support levels near 880–882.

The Nifty Energy index traded under significant selling pressure, closing down 0.99% at 39,045.25. Investor sentiment in the sector was dragged down by continuous global macroeconomic instability and increasing Middle Eastern geopolitical tensions, which has drove Brent crude prices past $96 per barrel. The surge in crude oil costs and sustained foreign institutional investor outflows triggered profit-booking across key refinery, gas distribution, and oil exploration. Stock-specific action remained mixed, however, as NTPC Green Energy surged over 6% following positive Q1 FY27 earnings, providing a partial cushion against deeper losses. Technically, the index slipped below its immediate 39,300 pivot shifts short-term support toward the 38,800–38,900 zone amid ongoing market volatility and Q1 corporate results.

NIFTY DAILY CHART

The Nifty fell below the mark of 23,900. The index couldn’t sustain the mark of 24,000 and remained under pressure for the day and reached for the day’s low of 23,807.20. Thus, if the index fails to rise above the mark of 24,000, it may again fall to the mark of 23,800, below this key level index may further weaken to 23,600. Strength in the index can only be witnessed if, index reaches above the mark of 24,100.

Equity Market Technical Analysis Snapshot: Jul 23^rd, 2026

NIFTY50:

Nifty50 lost -0.53%, opening gap-down at 23904.80 and closing at 23869.60. After the gap-down start, the index tried to test the pivot level of 24000, where it faced selling pressure and saw a fall from that zone to close lower. Technically, the trend remains sideways to bearish, with Nifty trading below its 200-DMA, 11-DMA, and 30-DMA, reflecting persistent weakness across major moving averages. The RSI has slipped to 45.36, indicating fading momentum and sustained downside risk. Immediate resistance is placed at 24000–24100, while support is seen at 23800–23600.

BANKNIFTY:

Bank Nifty dropped -0.94%, opening gap-down at 56796.95 and closing near the lower end of the session at 56592.00. The index witnessed a gap-down opening and saw a continuous fall throughout the day to close lower. The trend continues to be sideways to bearish as Bank Nifty trades below its 200-DMA, 30-DMA, and 11-DMA. The RSI at 44.20 reflects ongoing weakness and a lack of immediate buying interest. Immediate resistance is located around 56800–57100, while support is positioned at 56200–55900.

NIFTY MID SELECT:

Nifty Mid Select (Midcap Nifty) declined -1.35%, opening at 14564.85 and closing weak at 14428.35 due to persistent profit booking in broader markets. The technical structure remains sideways to bearish, with the index trading above its 200-DMA but below both its 30-DMA and 11-DMA. The RSI at 44.40 indicates deteriorating momentum and pressure on midcaps. Immediate resistance is pegged at 14500–14650, while key support lies at 14350–14200.

NIFTY CHEMICAL:

Nifty Chemical fell -1.87%, opening at 30527.80 and closing at 30070.35. This marks a 2-day fall from higher levels, which can be viewed as profit booking from higher zones; traders need to wait for important levels to breach to decide a proper trend, so staying cautious is advised. The trend remains sideways as the index continues to trade above its 200-DMA and 30-DMA, though it has fallen below its 11-DMA. The RSI at 52.62 indicates a neutral momentum setup following the recent pullback. Immediate resistance is seen at 30280–30550, while support is placed at 29850–29500.

Pivot Table:

FII/FPI & DII trading activity on NSE, BSE and MSEI in Capital Market Segment 23rd July 2026

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