Daily Market Insight - 16th September 2026 by Motilal Oswal Wealth Management
Nifty Technical Outlook
NIFTY (CMP : 23118 ) Nifty immediate support is at 23050 then 22950 zone while resistance at 23350 then 23450 zones. Now till it holds below 23200 zones weakness could extend towards 23050 then 22950 levels while on the upside hurdles can be seen at 23350 then 23450 zones.
Sensex Technical Outlook
SENSEX (CMP : 74003) Sensex support is at 73700 then 73500 zones while resistance at 74200 then 74500 zones. Now if it holds below 74000 zones, weakness could be seen towards 73700 then 73500 zones while hurdles have shifted lower to 74200 then 74500 zones.
Bank Nifty Technical Outlook
BANK NIFTY (CMP : 55794) Bank Nifty support is at 55500 then 55000 zones while resistance at 56250 then 56500 zones. Now till it holds below 56000 zones weakness could be seen towards 55500 then 55000 levels while on the upside hurdle is seen at 56250 then 56500 zones.
Midcap100 Index Technical Outlook
Smallcap 250 Index Technical Outlook
Technical Stocks On Radar
DLF 26TH Sept Fut.
(CMP:623, Mcap Rs 1,53,680 Cr.)
• Stock has given a range breakdown on daily chart
• Forming lower highs and lower lows from past 6 sessions.
• Immediate resistance at 640.
ROSSELL TECHSYS Ltd.
(CMP:1265, Mcap Rs 4,770Cr.)
• Overall Uptrend.
• Mechanical Indicator RSI perfectly placed.
• Robust Volumes.
• Immediate support at 1228.
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