Daily Morning Report – 22/09/2026

Date 22.09.2026

NIFTY OUTLOOK: 23414.30   FII -576.20 cr    DII 2797.27 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as nifty’s higher low behaviour formation favour the bulls to take the nifty rally upto 23466.8

Further a small bullish candle appeared on daily chart of nifty suggest continuation of its imminent bullish sentiments. Hence if nifty successfully taken out 23461 then it may rally upto 23508 to 23555. If more demand will accentuate then it may have chances to test 23603.

However for down side 23367 to 23321 may act as immediate supports for the nifty, if break through below these supports and sustain may drift down the nifty upto 23273 to 23227.

Bank Nifty OUTLOOK:                                                                                             

SPOT:  56494.90  Pcr: 0.97 Max Ce OI on 58000 & Max Pe OI on 57500

On September 21, 2026, a Bank Nifty index was closed at 56494.90 (136.20) (0.24%). The total movement in the index was 398.65 during the trading session.  The index made a high of 56668.20 and a low of 56269.55.

Technical view

Important support and resistance level of Bank Nifty Future are 56223 and 57133 respectively.

Intra Day support and resistance level of Bank Nifty Future are 56565 and 56717 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 44.3. 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 (5, 10 Day).

Bank nifty is trading below 6 out of 8 SMA’s (20, 30, 50, 100, 150, 200 Day).

No active Candlestick Pattern was identified in bank nifty on daily chart.

 Important Pivot Point Levels for Today          

 Nifty (Spot)

Bank Nifty (Spot)

By  Ashok Bhandari (RA)

SEBI Regd. No. INH00019549