Daily Morning Report – 24/09/2026

Date 24.09.2026

NIFTY OUTLOOK: 23446.80   FII 1617.45 cr    DII 2341.46 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as nifty break is immediate resistance and rally upto 23466.9 i.e. near to our resistance of 23471.

Further a small bullish candle appeared on daily chart of nifty suggest buyers attempt to get back its momentum. Nifty has immediate resistance of 23493, successful taken out of this resistance resume the upward movement upto 23538 to 23583. If more demand will accentuate then it may have chances to test 23630.

Furthermore in past three trading session on daily chart showing buyers can not push the price higher this  suggests resistance at high, momentum weakness and this will attract the selling pressure. Hence if selling will persist then on decisively breakdown of 23400 nifty may slide further upto 23355 to 23310. If more supply will accentuate then it may have chances to test 23264.

Bank Nifty OUTLOOK:                                                                                             

SPOT:  56548.90  Pcr: 0.93 Max Ce OI on 57500 & Max Pe OI on 57500

On September 23, 2026, a Bank Nifty index was closed at 56548.90 (333.35) (-0.59%). The total movement in the index was 414.15 during the trading session.  The index made a high of 56623.80 and a low of 56209.65.

Technical view:

Important support and resistance level of Bank Nifty Future are 56227 and 57130 respectively.

Intra Day support and resistance level of Bank Nifty Future are 56606 and 56766 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 46.2. Below 30 is considered oversold and above 70 overbought.

Bank nifty Day SMA Analysis:

Bank nifty is trading above 3 out of 8 SMA’s(5, 10, 150 Day).

Bank nifty is trading below 5 out of 8 SMA’s (20, 30, 50, 100, 200 Day).

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

• Engulfing Uptrend
• Long Line Uptrend

 Important Pivot Point Levels for Today          

Nifty (Spot)

Bank Nifty (Spot)

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549