Nifty ended on a mildly negative note on 15th May 2026, closing at 23,643.50, down 46.10 points or 0.19%, amid profit booking from higher levels. The index opened gap-up at 23,731.40 and touched an intraday high of 23,839.30 before witnessing selling pressure in the latter half of the session. Technically, the formation of a bearish candlestick pattern indicates cautious sentiment and lack of strong bullish conviction at higher levels. The RSI stood at 45.13, reflecting weak momentum, while India VIX edged higher to 18.79, signalling a slight increase in market uncertainty. Derivatives data indicated strong call writing at 23,700–23,800 strikes, while put writing was concentrated at 23,500–23,400 levels. Immediate support is placed around the 23,400–23,500 zone, while resistance is seen near the 23,900–24,000 range.
Bank Nifty ended on a negative note on 15th May 2026, closing near the day’s low at 53,710.35, down 418.60 points or 0.77%, amid sustained selling pressure in banking stocks. The index opened gap-up at 54,207.75 and touched an intraday high of 54,325.45 before witnessing sharp weakness during the second half of the session. Technically, the formation of a bearish candlestick pattern indicates cautious sentiment and continued selling pressure at higher levels. The RSI stood at 41.60, reflecting weakening momentum in the banking index. Immediate support is placed around the 52,800–53,000 zone, while resistance is seen near the 54,000–54,200 range.
Foreign Institutional Investors (FIIs) remained supportive on 15th May 2026 and continued their buying activity with net equity purchases worth ₹1,329.20 crore. However, Domestic Institutional Investors (DIIs) turned net sellers and offloaded equities worth ₹1,958.80 crore, indicating profit booking from domestic participants amid cautious market sentiment,” says Hitesh Tailor, Research Analyst, Choice Equity Broking Private Limited.
