Daily Morning Report – 28/04/2026

Date 28.04.2026

NIFTY OUTLOOK: 24092.70    FII -1151.48 cr    DII 4123.92 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as buyers get benefit of opening bullish gap which take the nifty rally upto 24130.7

Further a small bullish candle formed on daily chart of nifty defended the opening bullish gap of 8th April hence if nifty will get supportive buying then it may rally upto 24177 to 24263. If breakthrough above these resistances and sustain may push the nifty upto 24347 to 24433.

However for down side 24007 to 23923 may act as immediate supports for the nifty, if break through below these supports and sustain may drift down the nifty upto 23838 to 23753.

Bank Nifty OUTLOOK:                                                                                                   

SPOT:  56264.30 Pcr: 0.93 Max Ce OI on 60000 & Max Pe OI on 60000

On April 27, 2026, a Bank Nifty index was closed at 56264.30 (174.55) (0.31%). The total movement in the index was 563.85 during the trading session.  The index made a high of 56474.95 and a low of 55911.10.

Technical view:

Important support and resistance level of Bank nifty are 55400 and 56432 respectively.

Intraday Support and resistance of Bank nifty are 56200 and 56500 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 53.1. 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.

• Spinning Top Uptrend

Important Pivot Point Levels for Today                                                                                                                          

Nifty

Bank Nifty

 By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549