IGI Logo

Published on 23-09-2026 11:15 am

HIGH RISK HIGH VOLATILE: BUY BANK NIFTY 56700 CALL SEPT ABOVE 338.75 SL BELOW 250 TGT 368-410-450. 29 SEPT

Plz refer disclaimer at www.moneysukh.comSEBI Registration number is INZ000164537

Published on 23-09-2026 10:38 am

Nifty

Nifty opened on a flat note but selling led the index downwards to end in red . Nifty closed at 23329 with a loss of 85 points . On the daily chart the index has formed a Bearish candle which has totally Engulfed its previous day's move forming a "Bearish Engulfing" candlestick formation which is a bearish reversal formation . For such formations confirmation is necessary, so if the index breaks below previous day's low it would witness a change of trend to the downside . The chart pattern suggests that if Nifty breaks and sustains below 23250 level it would witness selling which would lead the index towards 23200 - 23100 levels . However, if index crosses above 23500 level it would witness pullback rally which would take the index towards 23600 - 23750

Click Here :- https://tinyurl.com/ma5hndpk

Please refer disclaimer at https://jainam.in/SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785

Published on 23-09-2026 10:37 am

Nifty

Nifty has extended its recovery following the formation of an Inside Bar near broadening-pattern support and continues to trade above its 5- DEMA zone, indicating sustained efforts to stabilise. With 23110 emerging as immediate support, a close above 23300 has triggered a potential short-squeeze rally towards 23630–23700 (20-DEMA). Daily RSI continues to rebound from the oversold zone, while a declining ADX suggests that the prevailing downtrend may be losing momentum. A sustained breakout above 23,520 would further strengthen the case for a meaningful trend reversal towards 23700, with 24000 remaining the major monthly hurdle. On the derivatives front, 23500 and 23700 remain key weekly resistance levels based on OI buildup, while a decisive move above the 23400 Call OI cluster could trigger intense short-covering momentum. On the downside, 23,000 remains the key support, while a decisive break below 23100 would invalidate the recent stabilisation pattern and could accelerate the decline towards 22880. Until Nifty decisively reclaims 24050, traders should continue to favour stock-specific opportunities with disciplined risk management.

Click Here :- https://tinyurl.com/2p9j44s2

Please refer disclaimer at https://www.tradebulls.in/disclaimerSEBI Registration number is INZ000171838

Published on 23-09-2026 10:36 am

Comments:

Nifty weekly contract has the highest open interest at 24000 CE and 23000 PE while monthly contracts have the highest open interest at 24000 CE and 23000 PE. The highest OI addition was seen at 23500 CE and 23100 PE in weekly and at 23500 CE and 22800 PE in monthly contracts. FIIs decreased their future index long holdings by 15.66%, increased future index shorts by 1.44% and in index options, 22.45% decrease in Call longs, 23.45% decrease in Call short, 16.58% decrease in Put longs and 43.77% decrease in Put shorts.

Click Here :- https://tinyurl.com/2hhc2shy

Please refer disclaimer at www.geojit.comSEBI Registration number is INH200000345

Published on 23-09-2026 10:35 am

Nifty Outlook

Yestereday’s reversal attempts held above 23260 retaining our upside hopes. While a consolidation may be expected initially, direct rise above 23490 could lead to a vertical spike aiming 23760 or more. Alternatively, inability to float above 23260 will raise the odds for a drop to 22600-21800, but downside marker for the same may be placed near 23116 for now.

Click Here :- https://tinyurl.com/4sjnjfaj

Please refer disclaimer at www.geojit.comSEBI Registration number is INH200000345