Daily Morning Report – 28/07/2026

Date 28.07.2026

NIFTY OUTLOOK: 23995.95   FII -1688.23 cr    DII 2329.14 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as nifty continue its buying pressure and rally upto 24011.6

Further a opening bullish gap candle appeared on daily chart of nifty suggest continuation of bullish momentum and nifty may rally upto 24109 to 24167 on decisively breakout of 24053. If more demand will accentuate then it may have chances to test 24223.

However for down side 23937 to 23883 may act as immediate supports for the nifty, if break below these supports and sustained may drift down the nifty upto 23826 to 23769.

Bank Nifty OUTLOOK:                                                                                             

SPOT:  57087.20  Pcr: 0.73 Max Ce OI on 58000 & Max Pe OI on 57000

On July 27, 2026, a Bank Nifty index was closed at 57087.20 (393.70) (0.69%). The total movement in the index was 401.40 during the trading session.  The index made a high of 57330.05 and a low of 56928.65.

Technical view:

Important support and resistance level of Bank nifty are 56090 and 57900 respectively.

Intraday Support and resistance level of Bank nifty are 56980 and 57195 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 48.6. Below 30 is considered oversold and above 70 overbought.

Bank nifty Day SMA Analysis

Bank nifty is trading above 3 out of 8 SMA’s  (5, 50, 100, Day).

Bank nifty is trading below 5 out of 8 SMA’s. (10, 20, 30, 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

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549