Quote on Pre Market Comment 11th september 2026 by Hitesh Tailor Technical Research Analyst at Choice Broking
Below the Quote on Pre Market Comment 10th June 2026 by Hitesh Tailor Technical Research Analyst at Choice Broking
Indian equities are likely to witness a weak opening, with Gift Nifty trading around 23,350, down 110 points. Global sentiment has turned risk-averse, with U.S. markets extending their decline for a fourth session and Asian equities opening sharply lower. Investors are also awaiting U.S. inflation data due later today, which could influence expectations around the Federal Reserve’s upcoming policy decision and add to near-term volatility.
In the previous session on 10th September 2026, Nifty closed at 23,477.80, up 46.30 points (+0.20%). After opening lower and remaining subdued through the session, the index recovered sharply during the Closing Auction Session (CAS) from an intraday low of 23,380.10, helping it end in positive territory despite weak regular-session momentum.
Technically, the broader setup remains fragile as Nifty continues to trade below key moving averages and its rising trendline. RSI at 28.94 indicates oversold conditions, while the CAS recovery offers some near-term respite. Immediate support is placed at 23,250–23,300, while resistance is seen at 23,500–23,600. A sustained move above resistance would be needed to strengthen the recovery outlook.
In the previous session on 10th September 2026, Bank Nifty recovered from an intraday low of 56,231.85 to close at 56,471.95, up 176.40 points (+0.31%), aided by a sharp move during the Closing Auction Session. However, the index remains below the 200-Day EMA, with RSI at 38.83 reflecting weak momentum. Immediate support is placed at 56,000–56,100, while resistance is seen at 56,800–57,000.
On 10th September 2026, Foreign Institutional Investors (FIIs) remained net sellers, offloading equities worth Rs438 crore, while Domestic Institutional Investors (DIIs) continued to support the market with net purchases of Rs1,026 crore.
The overall bias is likely to remain negative, with the sharp decline in global markets and weak opening cues adding pressure to domestic indices. Recent oversold conditions may attract selective dip-buying, but any rebound could face selling at higher levels. Near-term sentiment is likely to stay fragile until Nifty and Bank Nifty show stronger follow-through buying and regain key technical levels.
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