Daily Morning Report – 09/09/2026

Date 09.09.2026

NIFTY OUTLOOK: 23635.10   FII -123.19 cr    DII 1349.64 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as nifty continues selling pressure drift down the nifty upto 23623.1

Further another bearish candle in series suggest continuation of weakness of nifty hence if nifty continue with its south ward journey then on decisively breakdown of 23593 it may slide further upto 23551 to 23509. If more supply will accentuate then it may have chances to test 23467.

However for upside 23677 to 23716 may act as immediate resistance for nifty, if break through above these resistances and sustain may push the nifty upto 23761 to 23803.

Bank Nifty OUTLOOK:                                                                                             

SPOT:  56777.55  Pcr: 0.88 Max Ce OI on 57500 & Max Pe OI on 57500

On September 08, 2026, a Bank Nifty index was closed at 56777.55 (-310.75) (-0.54%). The total movement in the index was 323.55 during the trading session.  The index made a high of 57044.00 and a low of 56720.45.

Technical view

Important support and resistance level of Bank Nifty Future are 56874 and 58020 respectively.

Intra Day support and resistance level of Bank Nifty Future are 57050 and 57206 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 40.9. 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)

Bank Nifty (Spot)

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549