Daily Morning Report – 27/03/26

NIFTY OUTLOOK: 223306.45 FII -1805.37 cr    DII 5429.78 cr

As discussed yesterday market behaviour remained on the expected lines during the day, as diminishing selling pressure and interruption to present bearish trend help the bulls to take the nifty rally upto 23465.35

Further a bullish candle appeared on chart of nifty suggest continuation of its near term positive trend and this may encounter resistance around 23428 to 23550. If break-through above these resistances and sustain may push the nifty upto 23673 to 23793.

However for down side 23185 to 23063 may act as immediate support for the nifty if break below these supports and sustain may drift down the nifty upto 22941 to 22820.

Bank Nifty OUTLOOK:   

SPOT:  53708.10 Pcr: 0.83 Max Ce OI on 59000 & Max Pe OI on 59000

On March 25, 2026, a Bank Nifty index was closed at 53708.10 (1102.45) (2.10%). The total movement in the index was 1121.4 during the trading session.  The index made a high of 54146.15 and a low of 53024.75.

Technical view:                                       

Important support and resistance level of Bank nifty are 52790 and 54100 respectively.  

Intraday Support and resistance of Bank nifty are 53400 and 54016 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 37.9. Below 30 is considered oversold and above 70 overbought.  

Bank nifty Day SMA Analysis

Bank nifty is trading above 1 out of 8 SMA’s (5 Day).

Bank nifty is trading below 7 out of 8 SMA’s (10, 20, 30, 50, 100, 150 Day).

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

Macros :

1. Dollar index is @ 99.67.

2.Vix is @ 27.44.

3.Crude is @ 93.56.

Note: U.S. President Donald Trump said he will extend a pause on attacks against Iran’s energy plants into April and that talks with Iran were going “very well,” but an Iranian official said a U.S. proposal for ending the war ​as “one-sided and unfair.”

The war has massively disrupted shipping, sending crude oil prices up around 40%, seen liquefied natural gas prices spike, and prices for nitrogen-based fertilizers, critical to food production, rise around 50%.

Despite Trump’s upbeat assessment, Iran continued to retaliate against U.S. and Israeli strikes by hitting Israel and U.S. bases. It also struck Gulf states and effectively blocked Middle East ​fuel exports via the Strait of Hormuz, which carries about 20% of global oil and liquefied .

Iran has hardened its stance since the war began, demanding guarantees against future military action, compensation for losses, and formal control of the strait, Iranian sources say.

It also told intermediaries that Lebanon must be included in any ceasefire deal, regional sources said.

On Thursday, Iran launched multiple waves of missiles at Israel, striking Tel Aviv, Haifa and other areas, including a Palestinian town in ⁠central Israel.

Important Pivot Point Levels for Today 

Nifty

Bank Nifty

By Ashok Bhandari (RA)
SEBI Regd. No. INH00019549