Daily Market Quote: 11 September 2026

Authored By Prime Research | Published at: Sep 11, 2026 04:14 PM IST

Open Free Demat Account

Nifty witnessed sharp recovery after opening lower on Friday and closed the day lower by 79 points. A green candle was formed on the daily chart after opening lower and the opening downside gap has been filled completely.

Technically, this market action indicates a formation of bullish meeting line type candle pattern. Normally, such formations more often result in bottom reversal pattern after the confirmation. Hence a sustainable gain for one more session by next week could confirm short term bottom reversal for the Nifty at the lows.

The bearish lower high and lower low formation is intact on the daily chart and Nifty is currently in the process of forming a new lower bottom at the lows. Bounce back towards 23600 could be a strong hurdle for the market for next week. Any further weakness could find support around 23250 levels.

Disclaimer

At HDFC SKY*, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations.
HDFC SKY from HDFC Securities, one of most trusted trading platforms in India, has been recognized with the *Next-Gen Digi Content Awards 2025-26.

Markets