NIFTY MARKET OUTLOOK — 17 SEPTEMBER 2026
Previous close: 23,275.85 | Day range so far: 23,195.05 – 23,281.10
Market regime: BEARISH (75.0%)
India VIX: 12.7
Trend
VWAP: 24,111.60 | EMA20: 23,720.05 | EMA50: 23,962.84 | RSI: 21.71 | ADX: 57.71
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 (24,111.60)
✓ RSI 22 (oversold)
✓ ADX 58 (trending)
✓ India VIX 12.7
Intraday plan
Strategy locks at the 9:30 AM outlook — see Strategy Intelligence and live NIFTY dashboard.