Banknifty Intraday Analysis for 21st September 2026

NSE:BANKNIFTY The enactment of the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 empowers the US President to impose up to 100% tariffs on countries like India for importing Russian oil. Coupled with crude price surges driven by the ongoing Russia-Ukraine war and fresh Houthi-Saudi escalations, these geopolitical developments are sentimentally negative for the Indian market. The index is near 56500 resistance and if index sustains above this level then uptrend is expected to continue else index has support near 56000 level. The upward moment may lead the Index to 57100 – 57200 resistance range in upward momentum and if the index crosses and sustains above this level then may reach near 57800 – 57900 range. On the contrary, The downward moment may drag the Index to 55600 – 55500 support range in downward momentum and if this support is broken then the index may tank near the 54900 – 54800 range.