Daily Morning Report – 28/08/2026

Date 28.08.2026

NIFTY OUTLOOK: 24090.85   FII -298 cr    DII 4977.17 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as nifty give positive opening and touched 24297.45 i.e. near to our level of 24290 and instantly slide from there, during the session it has made a day low of 24120.8 i.e. near to our support of 24126, finally according to CAS it has give closing of 24090.85 i.e. near to our support of 24085.

Further a bearish candle appeared on daily chart of nifty suggest continuation of selling pressure hence if nifty continue with south ward journey and decisively breakdown 24048 then it may slide further upto 24006 to 23964. If more supply will accentuate then it may have chances to test 23921.

However for upside 24133 to 24175 may act as immediate resistance for nifty, if break through above these resistances and sustain may push the nifty upto 24218 to 24260.

Bank Nifty OUTLOOK:                    

SPOT:  57509.95  Pcr: 1.09 Max Ce OI on 57500 & Max Pe OI on 57500

On August 27, 2026, a Bank Nifty index was closed at 57509.95 (-273.80) (-0.47%). The total movement in the index was 502.45 during the trading session.  The index made a high of 58012.40 and a low of 57509.95.

Technical view

Important support and resistance level of Bank Nifty Future are 57500 and 58500 respectively.

Intra Day support and resistance level of Bank Nifty Future are 57800 and 58050 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 50. 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 (10, 100, 150, 200 Day).

Bank nifty is trading below 4 out of 8 SMA’s. (5, 20, 30, 50 Day).

No active Candlestick Pattern was identified in bank nifty on daily chart.

Important Pivot Point Levels for Today            

Nifty (Spot)

Bank Nifty (Spot)

 By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549