Technicals Daily Report 09th June 2026 by Prabhudas Lilladher Pvt Ltd
NIFTY / SENSEX
Nifty witnessed a huge gap down below the important support zone of 23200 level on the back of geo-political escalations triggered once again amid the middle east with the sentiment maintained with a very cautious approach and the index is precariously placed as of now. A decisive breach below the 23000 level shall trigger for fresh selling pressure having the next major and crucial support positioned near the 22300 zone which would turn the overall bias into a tense situation. From current rate, the 50EMA level at 23800 zone shall be the important resistance which needs to be breached above decisively. Sensex opened on a weak note breaching below the important support of 73800 zone with bias and sentiment turning into a very cautious and nervous scenario. The index would need to move past the near-term resistance of 74700 level and thereafter, the 50EMA level at 76300 zone positioned as the important resistance zone which needs to be breached decisively. The 72600 zone is maintained as the crucial support which needs to be sustained as of now. The support for the day is seen at 23000 levels, while the resistance is seen at 23400 levels.
BANKNIFTY / BANKEX
BankNifty, opened on the lower side with a weak bias and amid some volatility hovered between 54400 and 54000 levels to end near the 54000 zone with sentiment turning weak and pessimism creeping in. On the upside, the 50EMA level at 55000 zone is positioned as the important resistance zone which needs to be breached above decisively to improve the bias whereas on the downside, the crucial and important support is positioned near the 53000 zone which needs to be sustained in the coming sessions. Bankex witnessed a gap down opening and with some fluctuations seen closed near the 61000 zone with sentiment placed with a nervous outlook. As mentioned earlier, on the upside the index would need to cross above the 50EMA level at 62000 zone to improve the bias overall. On the downside, the 59800 zone shall be the important support which needs to be sustained. BankNifty would have the daily range of 53000-55000 levels.
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