Daily Morning Report – 27/04/2026

NIFTY OUTLOOK: 23897.95    FII -8827.87 cr    DII 4700.71 cr

(27th April  – 30th April 2026)

As we discussed in the previous report dated 20th April 26 market behaviour remained on the expected lines during the week passed by as aggression of buyers advances the nifty upto 24601.7, where respected our resistance of 24580 and slip to weekly low of 23813.65

Further a bearish candle appeared on weekly chart of nifty suggest nifty facing resistance on upside where sellers are ready to take a lead of nifty. Hence if sellers will succeed to take a charge then on decisively breakdown 23677 nifty may slide further upto 23457 to 23237. If more supply will accentuate then it may have chances to test 23017.

However for upside 24118 to 24338 may act as immediate resistance for nifty, if break-through above these resistances and sustain may push the nifty upto 24557 to 24777.

Bank Nifty OUTLOOK:                                                                                                   

SPOT:  56089.75 Pcr: 0.90 Max Ce OI on 59000 & Max Pe OI on 54000

On April 24, 2026, a Bank Nifty index was closed at 56089.75 (-215.25) (-0.38%). The total movement in the index was 710.10 during the trading session.  The index made a high of 56460.50 and a low of 55750.40.

Technical view:

Important support and resistance level of Bank nifty are 55900 and 56280 respectively.

Intraday Support and resistance of Bank nifty are 55600 and 56550 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 52.3. Below 30 is considered oversold and above 70 overbought.

Bank nifty Day SMA Analysis

Bank nifty is trading above 2 out of 8 SMA’s (20, 30 Day).

Bank nifty is trading below 6 out of 8 SMA’s (5, 10, 50, 100, 150, 200 Day).

One Bullish active Candlestick Pattern was identified in bank nifty on daily chart.

• Long Legged Doji Uptrend

Important Pivot Point Levels for Today                                                                                                                          

Nifty

Bank Nifty

ByAshok Bhandari (RA)

SEBI Regd. No. INH00019549