Daily Morning Report – 11/09/2026

Date 11.09.2026

NIFTY OUTLOOK: 23477.80   FII -438.24 cr    DII 1025.85 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as nifty attempted to crossed the imminent resistance of 23474 and made a high of 23494.95 but failed to sustained and slip to day low of 23380.1 i.e. near to our support of 23389, finally CAS gave closing of 23477.8 i.e. at our imminent resistance of 23474.

Further a bullish candle with lower wick suggest that buyers has put an efforts to restrict the sellers, hence if buyers will succeed to get supportive buying then on decisively breakout of 23520 nifty may rally upto 23560 to 23603. If more demand will accentuate then it may have chances to test 23643.

Furthermore if buyers are failed to get supportive buying then nifty will continue with its south ward journey and on decisively breakdown of 23436 it may slide further upto 23395 to 23354. If more supply will accentuate then it may have chances to test 23313.

Bank Nifty OUTLOOK:                                                                                             

SPOT:  56471.95  Pcr: 0.81 Max Ce OI on 57500 & Max Pe OI on 57500

On September 10, 2026, a Bank Nifty index was closed at 56471.95 (176.40) (0.31%). The total movement in the index was 343.3 during the trading session.  The index made a high of 56575.15 and a low of 56231.85.

Technical view

Important support and resistance level of Bank Nifty Future are 56401 and 57212 respectively.

Intra Day support and resistance level of Bank Nifty Future are 56506 and 56686 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 38.8. 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).

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

• Short Line Uptrend

Important Pivot Point Levels for Today          

Nifty (Spot)

Bank Nifty (Spot)

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549