Daily Morning Report – 09/06/2026

Date 09.06.2026

NIFTY OUTLOOK: 23123.00    FII -5555.67 cr    DII 5165.24 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as bearish sentiments and profit booking were drift down the nifty near to our support of 23077 i.e. day low of 23070.15

Further a bullish candle with long upper wick appeared on daily chart of nifty suggest an efforts by the buyer to stop the nifty to slide further. Hence if buyers get supportive buying may give bounce upto 23197 to 23268. If break-through above these resistances and sustain may push the nifty rally upto 23341 to 23415.

Furthermore this candle also indicts buying pressure were defeated by sellers. Hence if more selling will persist then nifty may slide upto 22977 to 22905 on decisively breakdown of 23050. If more supply will accentuate then it may have chances to test 22833.

Bank Nifty OUTLOOK:                                                                                                   

SPOT:  54063.75  Pcr: 0.90 Max Ce OI on 60000 & Max Pe OI on 54000

On June 08, 2026, a Bank Nifty index was closed at 54063.75 (-432.50) (-0.79%). The total movement in the index was 611.90 during the trading session.  The index made a high of 54455.20 and a low of 53843.30.

Technical view:

Important support and resistance level of Bank nifty are 53480 and 55000 respectively.

Intraday Support and resistance of Bank nifty are 53890 and 54230 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 46.6. 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  (20 Day).

Bank nifty is trading below 7 out of 8 SMA’s (5, 10, 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

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549