Daily Market Quote: 28 September 2026

Authored By Prime Research | Published at: Sep 28, 2026 03:51 PM IST

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After showing minor bounce from near 23000-23100 levels recently, Nifty witnessed sharp breakdown on Monday and closed the day with deep cut of around 360 points.

A long bear candle was formed on the daily chart that indicates a decisive breakdown of important cluster support as per change in polarity. This is not a good sign, and Nifty is expected to slide down further in the short term.

Bearish chart pattern like lower tops and bottoms is intact on the daily chart and Nifty is currently moving down to form a new lower bottom, which needs to be confirmed. The next lower levels to be watched around 22600-22500 in the near term. Any bounce back could find strong resistance around 23000 levels.

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