Date 10.06.2026
NIFTY OUTLOOK: 23242.10 FII -4566.03 cr DII 6159.48 cr
As discussed yesterday market behaviour remained on the expected lines during the day, as buying pressure take the nifty rally upto 23279.4
Further a hammer kind of candlestick pattern appeared on daily chart of nifty suggest intactness of buying pressure as buyers save the previous low. Hence if nifty will succeed to get follow through buying then it may rally upto 23381 to 23450 on decisively breakout of 23313. If more demand will accentuate then it may have chances to test 23518.
However for down side 23173 to 23105 may act as immediate supports for the nifty, if break through below these supports and sustain may drift down the nifty upto 23037 to 22967.
Bank Nifty OUTLOOK:
SPOT: 55194.50 Pcr: 1.00 Max Ce OI on 60000 & Max Pe OI on 54000
On June 09, 2026, a Bank Nifty index was closed at 55194.50 (1130.75) (2.09%). The total movement in the index was 1076.05 during the trading session. The index made a high of 55318.35 and a low of 54242.30.
Technical view
Important support and resistance level of Bank nifty are 55000 and 55510 respectively.
Intraday Support and resistance of Bank nifty are 54900 and 55490 respectively.
The Relative Strength Index (RSI) for the Nifty Bank index at 55.5. Below 30 is considered oversold and above 70 overbought.
Bank nifty Day SMA Analysis
Bank nifty is trading above 5 out of 8 SMA’s (5, 10, 20, 30, 50 Day).
Bank nifty is trading below 3 out of 8 SMA’s (100, 150, 200 Day).
One Bullish active Candlestick Pattern was identified in bank nifty on daily chart.
- Long Line Uptrend
Important Pivot Point Levels for Today
Nifty
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 22962.95 | 23033.7 | 23137.9 | 23208.65 | 23312.85 | 23383.6 | 23487.8 |
Bank Nifty
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 53442.37 | 53842.33 | 54518.42 | 54918.38 | 55594.47 | 55994.43 | 56670.52 |
By Ashok Bhandari (RA)
SEBI Regd. No. INH00019549
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