Daily Morning Report – 10/09/2026

Date 10.09.2026

NIFTY OUTLOOK: 23431.50   FII -582.99 cr    DII 1509.04 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as nifty continues with its southward journey and respected during the day our support of 23467 but according to CAS it gave closing of 23431.5

Further a opening bearish gap candle appeared on daily chart of nifty suggest continuation of its prevailing bearish trend. Hence if nifty decisively breakdown 23389 it may slide further upto 23346 to 23303. If more supply will accentuate then it may have chances to test 23261.

Furthermore there is no sign of reversal but RSI on daily chart reached to deep oversold may attract bounce upto 23517 to 25560. If break through above these resistances and sustain may rally further upto 23603, An imminent resistance of 23474 may find between the big move of 23431.5 – 23517.

Bank Nifty OUTLOOK:                                                                                             

SPOT:  56295.55  Pcr: 0.85 Max Ce OI on 57500 & Max Pe OI on 57500

On September 09, 2026, a Bank Nifty index was closed at 56295.55 (-482.00) (-0.85%). The total movement in the index was 447.5 during the trading session.  The index made a high of 56743.05 and a low of 56295.55.

Technical view

Important support and resistance level of Bank Nifty Future are 56640 and 57548 respectively.

Intra Day support and resistance level of Bank Nifty Future are 56555 and 56830 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 35.9. Below 30 is considered oversold and above 70 overbought.

Bank nifty Day SMA Analysis

Bank nifty is trading above 0 out of 8 SMA’s .

Bank nifty is trading below 8 out of 8 SMA’s (5, 10, 20, 30, 50, 100, 150, 200 Day).

One Bullish active Candlestick Pattern was identified in bank nifty on daily chart.

• Inverted Hammer

Important Pivot Point Levels for Today          

Nifty (Spot)

Bank Nifty (Spot)

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549