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Kavan Patel

5th Sep · SEBI Registration INH000006174

Nifty, Banknifty, Finnifty analysis for 07/09/2026

Nifty 50 Current Level: 23,897 Critical Resistance: 24,200 Technical Posture: The index is trading 303 points below its major resistance zone. The prevailing momentum is weak, and the strategy advises holding existing short positions as long as the price remains below the 24,200 mark. Reversal Trigger: A structural shift to a bullish trend is strictly conditional. Long positions should only be created if Nifty decisively breaks out and sustains momentum above 24,200. Bank Nifty Current Level: 57,369 Critical Resistance: 57,700 Technical Posture: The banking index is currently 331 points below its key pivot level. The immediate trend dictates maintaining short exposure. Any pullbacks or rallies toward the 57,700 level without a definitive breakout should be treated as resistance. Reversal Trigger: Fresh long positions are only validated if Bank Nifty crosses the 57,700 threshold, which would indicate a shift in market sentiment. Fin Nifty Current Level: 26,051 Critical Resistance: 26,300 Technical Posture: Similar to the other indices, Fin Nifty is trailing its immediate resistance by 249 points. The technical directive is to hold short positions while trading in this lower range. Reversal Trigger: Long trades are only actionable upon a confirmed breakout above the 26,300 resistance level. F&O top gainer was :

ANGELONE

#Pre-OpeningCommentary#TechnicalViews#IndexStrategies
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