Daily Morning Report – 17/09/2026

Date 17.09.2026

NIFTY OUTLOOK: 23217.60   FII -2032.61 cr    DII 3908.23 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as nifty has give pullback rally upto our target of 23277 i.e. nifty made a day High of 23284.75

Further a doji candle appeared on daily chart of nifty suggest volatility and indecision about nifty direction. This candle observed near a strong support area is increase the probability of upward bounce as buyers once again step in and defend the support area these all favour the bulls. Hence if nifty successfully taken out immediate resistance of 23270 it may rally further upto 23323 to 23375. If more demand will accentuate then it may have chances to test 23427.

Furthermore bearish trend is underway hence if nifty continue with its prevailing bearish trend then on decisively breakdown of 23165 it may slide further upto 23113 to 23060. If more supply will accentuate then it may have chances to test 23008.

Bank Nifty OUTLOOK:                                                                                             

SPOT:  56292.45  Pcr: 0.86 Max Ce OI on 57500 & Max Pe OI on 57500

On September 16, 2026, a Bank Nifty index was closed at 56292.45 (497.70) (0.89%). The total movement in the index was 556.50 during the trading session.  The index made a high of 56368.70 and a low of 55812.20.

Technical view

Important support and resistance level of Bank Nifty Future are 55906 and 57351 respectively.

Intra Day support and resistance level of Bank Nifty Future are 56265 and 56550 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 40.7. Below 30 is considered oversold and above 70 overbought.

Bank nifty Day SMA Analysis

Bank nifty is trading above 1 out of 8 SMA’s (5 Day).

Bank nifty is trading below 7 out of 8 SMA’s (10, 20, 30, 50, 100, 150, 200 Day).

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

• Inside Uptrend

Important Pivot Point Levels for Today            

Nifty (Spot)

Bank Nifty (Spot)

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549