Date 27.05.2026
NIFTY OUTLOOK: 23913.70 FII -2407.87 cr DII 1361.43 cr
As discussed yesterday market behaviour remained on the expected lines during the day, as buying pressure gave tiny up move upto 24089.8 and slip from there to our support of 23886 i.e. made a day low of 23885.45.
Further a bearish candle appeared on daily chart of nifty suggest profit booking at high hence if more profit booking will persist then on decisively breakdown of 23843 nifty may slip upto 23774 to 23704. If more supply will accentuate then it may have chances to test 23633.
However for upside 23983 to 24053 may act as immediate resistance for nifty, if break through above these resistances and sustain may push the nifty upto 24123 to 24193.
Bank Nifty OUTLOOK:
SPOT: 55092.90 Pcr: 0.98 Max Ce OI on 60000 & Max Pe OI on 60000
On May 26, 2026, a Bank Nifty index was closed at 55092.90 (-200.75) (-0.36%). The total movement in the index was 557.05 during the trading session. The index made a high of 55536.80 and a low of 54979.75.
Technical view:
Important support and resistance level of Bank nifty are 54830 and 55520 respectively.
Intraday Support and resistance of Bank nifty are 54940 and 55245 respectively.
The Relative Strength Index (RSI) for the Nifty Bank index at 53.2. Below 30 is considered oversold and above 70 overbought.
Bank nifty Day SMA Analysis:
Bank nifty is trading above 4 out of 8 SMA’s (5, 10, 20, 50 Day).
Bank nifty is trading below 4 out of 8 SMA’s (30, 100, 150, 200 Day).
No active Candlestick Pattern was identified in bank nifty on daily chart.
Important Pivot Point Levels for Today
Nifty
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 23631.82 | 23758.63 | 23836.17 | 23962.98 | 24040.52 | 24167.33 | 24244.87 |
Bank Nifty
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 54312.45 | 54646.1 | 54869.5 | 55203.15 | 55426.55 | 55760.2 | 55983.6 |
By Ashok Bhandari (RA)
SEBI Regd. No. INH00019549
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