Daily Morning Report – 04/09/2026

Date 04.09.2026

NIFTY OUTLOOK: 23873.45   FII -2345.87 cr    DII 4977.46 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as supportive buying  take the nifty rally upto  24025.4, correction from there and CAS finally gave closing of 23873.45 i.e. near to our support of 23870.

Further a long bearish candle appeared on daily chart suggest selling pressure and profit booking at high. Hence if more profit booking will persist may drift down the nifty upto 23785 to 23741 on decisively breakdown of 23829. If more supply will accentuate then it may have chances to test 23697.

However for upside 23918 to 23963 may act as immediate resistance for nifty, if break through above these resistances and sustain may push the nifty upto 24006 to 24050.

Bank Nifty OUTLOOK:                                                                                             

SPOT:  57380.60  Pcr: 1.04 Max Ce OI on 57500 & Max Pe OI on 57500

On September 03, 2026, a Bank Nifty index was closed at 57380.60 (208.60) (0.36%). The total movement in the index was 373.00 during the trading session.  The index made a high of 57753.60 and a low of 57380.60.

Technical view:

Important support and resistance level of Bank Nifty Future are 57540 and 58178 respectively.

Intra Day support and resistance level of Bank Nifty Future are 57608 and 57818 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 48.4. 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).

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

• Shooting Star

Important Pivot Point Levels for Today          

Nifty (Spot)

Bank Nifty (Spot)

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549