Daily Market Insight - 18th September 2026 by Motilal Oswal Wealth Management
Nifty Technical Outlook
NIFTY (CMP : 23270 ) Nifty immediate support is at 23150 then 23000 zone while resistance at 23450 then 23550 zones. Now till it holds below 23300 zones weakness could extend towards 23150 then 23000 levels while on the upside hurdles can be seen at 23450 then 23550 zones.
Sensex Technical Outlook
SENSEX (CMP : 74314) Sensex support is at 74000 then 73800 zones while resistance at 74700 then 75000 zones. Now till it holds below 74500 zones, weakness could be seen towards 74000 then 73800 zones while hurdles have shifted lower to 74700 then 75000 zones.
Bank Nifty Technical Outlook
BANK NIFTY (CMP : 56055) Bank Nifty support is at 55750 then 55500 zones while resistance at 56500 then 56750 zones. Now if it breaks 56000 zones, weakness could be seen towards 55750 then 55500 zones while resistance can be seen at 56500 then 56750 zones.
Midcap100 Index Technical Outlook
Smallcap 250 Index Technical Outlook
Technical Stocks On Radar
ETERNAL Ltd.
(CMP:322, Mcap Rs 3,11,079 Cr.)
• More Momentum above 330.
• Firmly holding above 50DEMA
• Mechanical Indicator RSI placed perfectly.
• Immediate support at 312.
BHEL Ltd.
(CMP:429, Mcap Rs 1,49,450Cr.)
• On the verge of trend line breakout
• Strong Bullish candle.
• RSI bullish crossover.
• Immediate support at 416.
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