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Below the Technical Daily Task - 10th Sept 2026 - Vaishali Parekh, Vice President - Technical Research, PL Capital

NIFTY / SENSEX

Nifty, tanked heavily with a gap down opening with the trend getting weak and with sentiment once again getting into a nervous mode, the index is maintained with a very cautious approach as of now with 23000 zone positioned as the next important support zone. The index losing the control has slipped down for the 4th consecutive sessions and only a decisive breach above the 24000 zone can bring about some improvement in the bias and thereafter, establish conviction for further rise in the coming days. Sensex crashed heavily and breached below the 75500 zone with bias and sentiment weakening anticipating for further slide in the coming sessions. With the index precariously placed, it would have the next major support positioned near 73400 level which needs to be sustained failing which the trend would turn weak. On the upside, it would need to move past the 100 period MA at 76800 level to improve the bias. The support for the day is seen at 23250 levels, while the resistance is seen at 23600 levels.

BANKNIFTY / BANKEX

BankNifty, slipped heavily on the back of HDFC Bank losing further making a new low below the 690 level which dragged the index to break below the important 100 period MA at 56500 zone with bias and sentiment now getting weaker. The index would now have the next support near the 54500 level while the crucial and major support is positioned near the 53000 zone of the previous low made, below which the overall trend would turn bearish. Bankex tanked with heavy profit booking witnessed and has arrived near the 100 period MA at 63800 level with bias and sentiment weakened and can expect for further slide in the coming days. The index would have the next important support near the 63400 level whereas on the upside, it would need to move past the confluence of 200 period MA and 50EMA level at 64800 level to establish some conviction and thereafter expect for further rise. BankNifty would have the daily range of 55700-57000 levels.

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