Date 18.09.2026
NIFTY OUTLOOK: 23270.60 FII -3208.76 cr DII 3617.75 cr
As discussed yesterday market behaviour remained on the expected lines during the day, as probability of upward bounce and step in of buyers take the nifty rally upto 23363.55 i.e. near to our target of 23375. Profit booking at high drag down the nifty and gave closing of the day at exactly to our breakout level 23270.
Further small bullish candle appeared on daily chart of nifty suggest shifting of resistance to 23373 to 23423. If break through above these resistances and sustain may push the nifty upto 23475. An imminent resistance of 23322 may find between the big move of 23270.6 – 23373.
Furthermore this candle also indicts slow down in buying pressure and profit booking. Hence if more profit booking will persist may find support around 23219 to 23168. If break below these supports and sustain may drift down the nifty upto 23117 to 23065.
Bank Nifty OUTLOOK:
SPOT: 56055.75 Pcr: 0.82 Max Ce OI on 57500 & Max Pe OI on 57500
On September 17, 2026, a Bank Nifty index was closed at 56055.75 (-236.70) (-0.42%). The total movement in the index was 531.95 during the trading session. The index made a high of 56570.45 and a low of 56038.50.
Technical view:
Important support and resistance level of Bank Nifty Future are 55905 and 57355 respectively.
Intra Day support and resistance level of Bank Nifty Future are 56168 and 56451 respectively.
The Relative Strength Index (RSI) for the Nifty Bank index at 38.5. 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).
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 |
| 23018.42 | 23106.03 | 23188.32 | 23275.93 | 23358.22 | 23445.83 | 23528.12 |
Bank Nifty (Spot)
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 55340.73 | 55689.62 | 55872.68 | 56221.57 | 56404.63 | 56753.52 | 56936.58 |
By Ashok Bhandari (RA)
SEBI Regd. No. INH00019549
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