
By: Naresh Sharma | Date : Jul 9, 26
| Category | Net Value |
|---|---|
| DII | +790.16Cr |
| FII/FPI | +1,962.80Cr |
| INDIA VIX | 13.34(-9.13%) |
As of 10:17 (IST)
| ADVANCE | 2511 |
| DECLINE | 466 |
As of 10:18 (IST)

Nifty gained 0.34%, opening at 23,928.95 and witnessing a strong buying momentum in the early trade. The index surged to an intraday high of 24,134.70, briefly moving above its 11-DMA, indicating short-covering. However, the rally failed to sustain as selling pressure emerged from higher levels, pushing the index into a 24,000–24,100 range for the remainder of the session. Nifty eventually closed at 23,962.80, slipping below the psychological 24,000 mark. The short-term trend remains bearish, as the index continues to trade below its 200-DMA and 11-DMA, while holding above the 30-DMA. The RSI has improved to 50.43, reflecting a recovery in momentum, though it remains neutral. Immediate resistance is placed at 24,100–24,250, while support lies at 23,750–23,600. A sustained move above 24,100 could trigger further short covering, whereas a break below 23,750 may revive selling pressure.

Bank Nifty advanced 0.90%, opening at 56,871.00 and extending its recovery to an intraday high of 57,464.20. The index then moved sideways for most of the session before settling at 57,252.45. Despite the positive close, the overall trend remains bearish, with Bank Nifty trading above its 30-DMA but below the 200-DMA and 11-DMA, suggesting that the recent bounce is yet to confirm a trend reversal. The RSI has improved to 52.70, indicating strengthening momentum. Immediate resistance is seen at 57,350–57,800, while support is placed at 56,600–56,350. A decisive breakout above 57,350 could extend the recovery, while failure to hold 56,600 may invite fresh selling.
| INDICES | SUPPORT | RESISTANCE | TREND |
| NIFTY50 | 23600 | 24250 | Bearish |
| BANK NIFTY | 56350 | 57800 | Bearish |

Nifty Mid Select (Midcap Nifty) rallied 1.63%, opening gap-up at 14,454.75 and witnessing strong buying throughout the session. The index crossed above its 11-DMA and climbed to an intraday high of 14,686.50 before closing near the day’s high at 14,654.80. The trend remains bullish, supported by the index trading above its 200-DMA, 30-DMA, and 11-DMA, reflecting strong underlying momentum. The RSI at 58.19 points to improving strength without entering overbought territory. Immediate resistance is placed at 14,770–14,880, while support is seen at 14,500–14,350. A sustained move above 14,770 could pave the way for further upside.

Nifty Realty surged 3.54%, opening gap-up at 878.85 and witnessing a strong recovery throughout the session after the previous day’s decline. The index climbed steadily to an intraday high of 910.20 and closed at 906.95, slightly above the previous session’s high, indicating renewed buying interest. The trend has turned bullish, with the index trading above its 200-DMA, 30-DMA, and 11-DMA, confirming strong technical strength. The RSI at 70.00 has entered the overbought zone, suggesting that while the momentum remains strong, some profit booking cannot be ruled out in the near term. Immediate support is placed at 890–875, while resistance is seen at 915–930. A sustained move above 915 could extend the rally toward the next resistance zone.
| INDICES | SUPPORT | RESISTANCE | TREND |
| NIFTY MID CAP SELECT | 14350 | 14770 | Bullish |
| NIFTY REALTY | 875 | 930 | Bullish |
| PRODUCT | S3 | S2 | S1 | PIVOT | R1 | R2 | R3 |
| NIFTY50 | 23672 | 23799 | 23881 | 24008 | 24090 | 24217 | 24299 |
| BANKNIFTY | 56328 | 56598 | 56925 | 57195 | 57522 | 57792 | 58119 |
| FINNIFTY | 26133 | 26247 | 26365 | 26479 | 26597 | 26711 | 26828 |
| MIDCPNIFTY | 14841 | 14764 | 14609 | 14532 | 14378 | 14300 | 14146 |
| NIFTYNXT50 | 72152 | 71917 | 71441 | 71205 | 70729 | 70494 | 70018 |
| Category | Net Value |
|---|---|
| DII | +2,057.79Cr |
| FII/FPI | -532.86Cr |
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