Daily Morning Report – 27/07/2026

Date 27.07.2026

NIFTY OUTLOOK: 23767.45   FII -3892.77 cr    DII 5453.55 cr

(27th JUL – 31st JUL 2026)

As we discussed in the previous report dated 20th July 26 market behaviour remained on the expected lines during the week passed by as nifty failed to get supportive buying and slide upto weekly low of 23606.2, bounce from there and finally closed at 23767.45

Further a bearish candle appeared on weekly chart of nifty which has breakdown the several days sideways movement and multiple support of 23780-810, these all suggest resistance at high, shift of control to bears and they are attempted to take charge of nifty. Hence if nifty decisively breakdown 23608 then it may slide further upto 23480 to 23291. If more supply will accentuate then it may have chances to test 23133-23098.

Furthermore this bearish candle has filled the bullish gap opened on 16 June 26 and recovered from there suggest this gap may act as immediate supports for the nifty and under selling pressure it keep alive the positive hope for the bulls. Hence if nifty will succeed to defend this support then it may rally upto 23926 to 24087. If break-through above these resistances and sustain may push the nifty upto 24243 to 24405.

Bank Nifty OUTLOOK:                                                                                             

SPOT:  56693.50  Pcr: 0.80 Max Ce OI on 58000 & Max Pe OI on 56000

On July 24, 2026, a Bank Nifty index was closed at 56693.50 (101.50) (0.18%). The total movement in the index was 807.85 during the trading session.  The index made a high of 56831.45 and a low of 56023.60.

Technical view:

Important support and resistance level of Bank nifty are 56090 and 57310 respectively.

Intraday Support and resistance level of Bank nifty are 56470 and 56920 respectively.

The Relative Strength Index (RSI) for the Nifty Bank index at 45.1. Below 30 is considered oversold and above 70 overbought.

Bank nifty Day SMA Analysis:

Bank nifty is trading above 2 out of 8 SMA’s  (50, 100, Day).

Bank nifty is trading below 6 out of 8 SMA’s. (5, 10, 20, 30, 150, 200  Day)

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

Important Pivot Point Levels for Today:

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549