Daily Morning Report – 09/07/2026

Date 09.07.2026

NIFTY OUTLOOK: 23882.05   FII 1962.80 cr    DII 790.16 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as profit booking at high take the nifty extreme down upto 23805.2

Further a strong bearish candle appeared on daily chart of nifty suggest selling pressure for nifty hence if nifty continue with its south ward journey then on decisively breakdown of 23815 nifty may slide upto 23748 to 23681. If more supply will accentuate then it may have chances to test 23615.

However for up side 24015 to 24083 may act as immediate resistance for the nifty. If break through above these resistances and sustain may push the nifty upto 24147. An imminent resistance of 23948 may find between the big moves of 23882.05 – 24015.

Bank Nifty OUTLOOK:

SPOT:  56742.60  Pcr: 0.80 Max Ce OI on 60000 & Max Pe OI on 59000

On July 08, 2026, a Bank Nifty index was closed at 56742.60 (-1458.10) (-2.51%). The total movement in the index was 1526.2 during the trading session.  The index made a high of 58075.60 and a low of 56549.40.

Technical view:

Important support and resistance level of Bank nifty are 55980 and 58460 respectively.

Intraday Support and resistance level of Bank nifty are 56320 and 57165 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 48.5. Below 30 is considered oversold and above 70 overbought.

Bank nifty Day SMA Analysis:

Bank nifty is trading above 3 out of 8 SMA’s  (30, 50, 100 Day).

Bank nifty is trading below 5 out of 8 SMA’s. (5, 10, 20, 150, 200 Day)

No active Candlestick Pattern was identified in bank nifty on daily chart.

Important Pivot Point Levels for Today:                                                                       

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549