Trade Setup for September 11: Top 15 things to know before the opening bell- Grow Mudra

Trade Setup for September 11: Top 15 things to know before the opening bell

11 Sep , 2026 By : Debdeep Gupta

The Nifty 50 snapped a three-day losing streak and ended 0.2 percent higher on September 10. However, the modest recovery is expected to remain unsustainable amid deteriorating technical indicators, rising inflation concerns due to a spike in Brent crude oil prices amid tensions in West Asia, and rising US bond yields, all of which point to continued bearish dominance in the equity markets. According to experts, the index could break below the previous day's low and fall towards 23,300. A further decline towards the June low of 23,070 cannot be ruled out if the index breaks below 23,300. On the upside, the 23,500-23,600 range is likely to act as an immediate key resistance zone for the index.

Here are 15 data points we have collated to help you spot profitable trades:

1) Key Levels For The Nifty 50 (23,478)

Resistance based on pivot points: 23,495, 23,522, and 23,566

Support based on pivot points: 23,407, 23,380, and 23,336

Special Formation: The Nifty 50 formed a bullish candle with a noticeable lower wick, indicating buying interest at lower levels, but failed to move back above the previous day's high. All key moving averages continued to trend lower. The RSI stood at 28.94, compared with 26.44 in the previous session, but remained in the oversold zone and below its signal line. The MACD declined further, with the red histogram bar expanding for the fourth consecutive session. All these indicators point to continued weakness and suggest that bears remain in control of the market.

2) Key Levels For The Bank Nifty (56,472)

Resistance based on pivot points: 56,557, 56,638, and 56,769

Support based on pivot points: 56,295, 56,214, and 56,083

Resistance based on Fibonacci retracement: 56,655, 57,049

Support based on Fibonacci retracement: 56,024, 55,675

Special Formation: The Bank Nifty also rebounded but failed to close above the previous day's high, continuing to form a lower high-lower low structure. The banking index gained 0.31 percent and formed a bullish candle with an upper shadow on the daily charts, indicating buying interest, although selling pressure remained at higher levels. The 10-, 20-, 50- and 100-day EMAs continued to slope downward, while the RSI ticked up but remained below its signal line at 38.83. The MACD extended its decline below the zero line, with the red histogram bar expanding for the eighth consecutive session. All these indicators point to continued weakness and suggest that bears remain in control, despite the day's rebound.

3) Nifty Call Options Data

According to the weekly options data, the maximum Call open interest was seen at the 23,500 strike (with 1.17 crore contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 23,800 strike (95.32 lakh contracts) and 23,700 strike (91.34 lakh contracts).

Maximum Call writing was observed at the 23,400 strike, which saw an addition of 38.76 lakh contracts, followed by the 23,500 and 23,450 strikes, which added 36.4 lakh and 26.46 lakh contracts, respectively. The maximum Call unwinding was seen at the 23,700 strike, which shed 13.85 lakh contracts.

4) Nifty Put Options Data

On the Put side, the 23,000 strike holds the maximum Put open interest (with 1.06 crore contracts), which can act as a key support level for the Nifty in the short term. It was followed by the 23,400 strike (79.86 lakh contracts) and the 23,200 strike (73.92 lakh contracts).

The maximum Put writing was placed at the 23,400 strike, which saw an addition of 27.68 lakh contracts, followed by the 23,200 and 23,300 strikes, which added 27.01 lakh and 21.54 lakh contracts, respectively. The maximum Put unwinding was seen at the 23,500 strike, which shed 18.01 lakh contracts, followed by the 23,600 and 23,700 strikes, which shed 7.22 lakh and 6.12 lakh contracts, respectively.

5) Bank Nifty Call Options Data

According to the monthly options data, the maximum Call open interest was seen at the 57,500 strike, with 21.97 lakh contracts. This can act as a key resistance level for the index in the short term. It was followed by the 58,000 strike (15.11 lakh contracts) and the 57,000 strike (9.25 lakh contracts).

Maximum Call writing was observed at the 56,500 strike (with the addition of 1.36 lakh contracts), followed by the 56,400 strike (66,030 contracts) and 58,000 strike (59,040 contracts). The maximum Call unwinding was seen at the 57,800 strike, which shed 45,510 contracts, followed by the 57,600 and 57,400 strikes, which shed 24,630 and 5,430 contracts, respectively.

6) Bank Nifty Put Options Data

On the Put side, the 57,500 strike holds the maximum Put open interest (with 17.07 lakh contracts), which can act as a key level for the index in the short term. This was followed by the 58,000 strike (8.23 lakh contracts) and the 57,000 strike (8.13 lakh contracts).

The maximum Put writing was placed at the 56,500 strike (which added 64,140 contracts), followed by the 56,400 strike (34,410 contracts) and 56,300 strike (24,750 contracts). The maximum Put unwinding was seen at the 57,000 strike, which shed 74,910 contracts, followed by the 57,500 and 56,000 strikes which shed 58,920 and 53,940 contracts, respectively.

7) Funds Flow (Rs crore)

8) Put-Call Ratio

The Nifty Put-Call ratio (PCR), which indicates the mood of the market, rose to 0.77 on September 10, compared to 0.75 in previous session.

The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in Calls is higher than selling in Puts, reflecting a bearish mood in the market.

9) India VIX

After its recent spike, the India VIX, the market's fear gauge, retreated and fell 1.05 percent to 11.795. The VIX remained below the 12 level, providing some comfort to the bulls. However, bulls need to remain cautious if the VIX decisively moves above the 12 zone.

10) Long Build-up (37 Stocks)

A long build-up was seen in 37 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.

11) Long Unwinding (62 Stocks)

62 stocks saw a decline in open interest (OI) along with a fall in price, indicating long unwinding.

12) Short Build-up (77 Stocks)

77 stocks saw an increase in OI along with a fall in price, indicating a build-up of short positions.

13) Short-Covering (39 Stocks)

39 stocks saw short-covering, meaning a decrease in OI, along with a price increase.

14) High Delivery Trades

Here are the stocks that saw a high share of delivery trades. A high share of delivery reflects investing (as opposed to trading) interest in a stock.