Technical Daily Task - 15th September 2026 by Prabhudas Liladhar
NIFTY / SENSEX
Nifty, after witnessing a weak start with a gap down near the 23250 zone, recovered steadily as the day progressed ahead and closed near the 23400 zone with bias still maintained with a cautious approach would need to sustain the 23200 level in the coming sessions. As mentioned earlier, the index would need a decisive move above the 23800 zone to establish conviction and thereafter, can expect for further follow through of the positive move whereas, on the downside, the 23000 zone would be the important near-term support. Sensex opened on a weak note and hit the low near 74150 zone, thereafter to witness a strong recovery to end near the 74800 zone with sentiment slightly visible in an improved state and can expect for further rise in the coming sessions. The 75500 level would be the near term resistance hurdle which needs to be breached to establish conviction and thereafter expect for further rise. With the index precariously placed, it would have the next major support positioned near 73400 level which needs to be sustained. The support for the day is seen at 23200 levels, while the resistance is seen at 23600 levels.
BANKNIFTY / BANKEX
BankNifty, opened with a gap down opening near the 55700 zone but indicated a decent recovery to end the session in the green above the 56600 zone to show a big positive candle on the daily chart with the bias slightly turning optimistic and can anticipate for further rise in the coming days. As mentioned earlier, the index would have the important support near the 54500 level while on the upside the 50EMA at 57200 level shall be the important hurdle which needs to be breached decisively to establish conviction. Bankex after hitting the low near the 63000 zone, the index bounced back strongly to produce a big positive candle on the daily chart to move above the 100 period MA at 63800 level with sentiment slightly maintained with an optimistic approach. The index, on the upside, would need to move past the confluence of 200 period MA and 50EMA level at 64700 level to establish some conviction and thereafter expect for further rise. BankNifty would have the daily range of 56000-57300 levels.
Please refer disclaimer at https://www.plindia.com/disclaimer/
SEBI Registration No. INH000000271
