NIFTY MARKET OUTLOOK — 16 SEPTEMBER 2026
Previous close: 23,198.30 | Day range so far: 23,118.60 – 23,279.05
Market regime: BEARISH (75.0%)
India VIX: 13.4
Trend
VWAP: 24,120.32 | EMA20: 23,764.43 | EMA50: 23,971.47 | RSI: 15.89 | ADX: 61.87
Support & Resistance
Support: 23,786.80, 23,737.90, 23,623.10
Resistance: 23,890.00, 23,914.45, 24,005.75
Expected range: 23,786.80 – 23,890.00
Options positioning
Upcoming expiries: 2026-09-22, 2026-09-29, 2026-10-06
PCR / OI concentration: unavailable — Yahoo carries no NSE option chain.
Why this view?
✓ Price below VWAP (24,120.32)
✓ RSI 16 (oversold)
✓ ADX 62 (trending)
✓ India VIX 13.4
Intraday plan
Strategy locks at the 9:30 AM outlook — see Strategy Intelligence and live NIFTY dashboard.