Daily Morning Report – 27/08/2026

Date 27.08.2026

NIFTY OUTLOOK: 24207.75   FII 502.63 cr    DII 6425.16 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as bulls taka a lead and tested the breakout of 24375 i.e. made a day High of 24378.6 but failed to sustain and slip down to 24253.6 i.e. exact as our immediate support of 24254, finally according to CAS it has give closing of 24207 i.e. near to our support of 24213.

Further a tall bullish candle followed by bearish candle has formed dark cloud pattern observed on daily chart of nifty suggest selling pressure for nifty,  hence if nifty continue with its selling pressure then on decisively breakdown of 24167 it may slide further upto 24126 to 24085. If more supply will accentuate then it may have chances to test 24045.

Furthermore nifty respects the higher low formation trend line on daily chart and hovering near the trend line suggest if buyers again step in then nifty may rally upto 24250 to 24290. If break above these target and sustain may push the nifty rally upto 24330 to 24371.

Bank Nifty OUTLOOK:                                                                                             

SPOT:  57783.75  Pcr: 1.14 Max Ce OI on 57500 & Max Pe OI on 57500

On August 26, 2026, a Bank Nifty index was closed at 57783.75 (269.55) (0.47%). The total movement in the index was 384.20 during the trading session.  The index made a high of 57996.05 and a low of 57611.85.

Technical view;

Important support and resistance level of Bank Nifty Future are 57930 and 58481 respectively.

Intra Day support and resistance level of Bank Nifty Future are 58090 and 58354 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 50.4. Below 30 is considered oversold and above 70 overbought.

Bank nifty Day SMA Analysis

Bank nifty is trading above 8 out of 8 SMA’s (5, 10, 20, 30, 50, 100, 150, 200 Day).

Bank nifty is trading below 0 out of 8 SMA’s.

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

• Morning Star

Important Pivot Point Levels for Today          

Nifty (Spot)

Bank Nifty (Spot)

By Ashok Bhandari (RA)

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