Daily Morning Report – 21/09/26

Date 21.09.2026

NIFTY OUTLOOK: 23346.40   FII 599.54 cr    DII 1019.69 cr

(21st SEPT – 25th SEPT 2026)

As we discussed in the previous report dated 15th September 26 market behaviour remained on the expected lines during the week passed by as oversold RSI and buyers efforts to take a charge of nifty opened the nifty positive, rally upto 23592.85, from same point Selling start immediately and take down the nifty to weekly low of 23116.1, finally closed at 23346.4

Further a bearish candle with lower wick appeared on weekly chart of nifty suggest diminishing of selling pressure and buyers stepped in at lower price to reject the breakdown hence if buyers will succeed to get supportive buying then nifty may bounce upto 23477 to 23605. If break-through above these resistances and sustain may push the nifty rally upto 23730 to 23857.

Furthermore even though the buyers absorbed the selling pressure and recovered but consecutive bearish candle in lower high formation suggest selling pressure for nifty. Hence if buyers will failed to get supportive buying and sellers will continue with its south ward journey may drift down the nifty upto 23218 to 23090. If break below these supports and sustain may drift down the nifty further upto 22963 to 22835.

Bank Nifty OUTLOOK:                                                                                             

SPOT:  56358.70  Pcr: 0.96 Max Ce OI on 58000 & Max Pe OI on 57500

On September 18, 2026, a Bank Nifty index was closed at 56358.70 (302.95) (0.54%). The total movement in the index was 423.9 during the trading session.  The index made a high of 56497.45 and a low of 56073.55.

Technical view

Important support and resistance level of Bank Nifty Future are 56223 and 56829 respectively.

Intra Day support and resistance level of Bank Nifty Future are 56433 and 56621 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 42.8. 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 (5, 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)

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