Daily Market Insight - 9th June 2026 by Motilal Oswal Wealth Mangement
Nifty Technical Outlook
NIFTY (CMP : 23123) Nifty immediate support is at 23000 then 22800 zone while resistance at 23000 then 23450 zones. Now till it holds below 23200 zones, weakness could be seen towards 23000 then 22800 zones while hurdles have shifted lower to 23300 then 23450 zones.
Sensex Technical Outlook
Sensex (CMP : 73524) Sensex support is at 73000 then 72700 zones while resistance at 73800 then 74200 zones. Now till it holds below 73800 zones, weakness could be seen towards 73000 and then 72700 while hurdles are seen at 73800 and then 74200 zones.
Bank Nifty Technical Outlook
BANK NIFTY (CMP : 54063) Bank Nifty support is at 53500 then 53250 zones while resistance at 54250 then 54500 zones. Now till it holds below 54250 zones, weakness could be seen towards 53500 then 53250 levels while on the upside hurdle is seen at 54250 then 54500 zones.
Midcap100 Index Technical Outlook
• The Index opened gap down and is hovering around 50 DEMA support zones.
• The market breadth was in favour of the declines.
Smallcap250 Index Technical Outlook
• The Index opened gap down and is hovering above 50 DEMA support zones.
• The market breadth was in favour of the declines
Technical Stocks On Radar
MUTHOOTFIN 30th June FUT
(CMP: 2980, Mcap Rs 1,19,023 Cr.)
• Breakdown below swing lows.
• Strong bodied bearish candle.
• High traded volumes.
• RSI indicator declining.
• Immediate resistance at 3150.
GAIL
(CMP: 168.60, Mcap Rs 1,10,856 Cr.)
• Range breakout above 170. ]
• Surpassed above 200 DEMA.
• Rising traded volumes.
• RSI momentum indicator positively placed.
• Immediate support at 161.50
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