Date 08.09.2026
NIFTY OUTLOOK: 23779.15 FII 280.13 cr DII 566.76 cr
As discussed yesterday market behaiour remained on the expected lines during the day, as nifty continues selling pressure drift down the nifty upto 23737.9, i.e. near to our support of 23726.
Further a bearish candle appeared on daily chart of nifty suggest continuation of selling pressure hence if it decisively breakdown 23736 it may further slide upto 23694 to 23651. If more supply will accentuate then it may have chances to test 23609.
Furthermore daily RSI reach near to oversold zone and this may attract small bounces upto 23821 to 23864. If break through above these resistances and sustain may push the nifty upto 23907 to 23950.
Bank Nifty OUTLOOK:
SPOT: 57088.30 Pcr: 0.97 Max Ce OI on 57500 & Max Pe OI on 57500
On September 07, 2026, a Bank Nifty index was closed at 57088.30 (-281.35) (-0.49%). The total movement in the index was 423.90 during the trading session. The index made a high of 57426.85 and a low of 57002.95.
Technical view
Important support and resistance level of Bank Nifty Future are 57285 and 58021 respectively.
Intra Day support and resistance level of Bank Nifty Future are 57274 and 57493 respectively.
The Relative Strength Index (RSI) for the Nifty Bank index at 44.6. Below 30 is considered oversold and above 70 overbought.
Bank nifty Day SMA Analysis
Bank nifty is trading above 2 out of 8 SMA’s (100, 150 Day).
Bank nifty is trading below 6 out of 8 SMA’s (5, 10, 20, 30, 50, 200 Day).
No active Candlestick Pattern was identified in bank nifty on daily chart.
Important Pivot Point Levels for Today
Nifty (Spot)
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 23562.6 | 23650.25 | 23714.7 | 23802.35 | 23866.8 | 23954.45 | 24018.9 |
Bank Nifty (Spot)
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 56494.65 | 56748.8 | 56918.55 | 57172.7 | 57342.45 | 57596.6 | 57766.35 |
By Ashok Bhandari (RA)
SEBI Regd. No. INH00019549
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