Nifty Outlook: 25,966.05 FII: -Rs.55.58 cr DII: Rs.2,492.12 cr
As discussed yesterday, market behaviour remained on expected lines as Nifty continued its uptrend and moved up to our resistance level of 26,005, making a day high of 26,005.95.
An average bullish candle formed on the daily chart indicates continuation of the uptrend. If Nifty sustains above 26,018, it may rally towards 26,070–26,123. If buying momentum strengthens further, it may even test 26,175.
On the downside, 25,914–25,862 may act as immediate support levels. A sustained break below these could drag Nifty towards 25,810–25,757.
Bank Nifty Outlook:
Spot: 58,114.25 PCR: 1.05 Max CE OI: 59,000 Max PE OI: 58,000
On 27th October 2025, Bank Nifty closed at 58,114.25, up by 414.65 points (+0.72%). The index moved 571.80 points during the session, making a high of 58,224.55 and a low of 57,652.75.
Technical View:
- Key support and resistance levels are 57,500 and 58,300 respectively.
- Intraday support and resistance levels are 57,957 and 58,271 respectively.
Intraday Technical Strategy:
- Go long above 58,271 with a stop loss at 58,219 and target 58,429.
- Go short below 57,957 with a stop loss at 58,009 and target 57,800.
RSI: The Relative Strength Index (RSI) for Bank Nifty stands at 72.1. Readings below 30 indicate oversold conditions, while above 70 indicate overbought levels.
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 candlestick Pattern was identified in bank nifty on daily chart
- Inside Uptrend
Macros
1. Dollar index is @ 98.587
2. S&P 500 is @ 15.97 ( -2.44 )
3. Brent crude is @ 65.06
4. U.S. 10 years bond yield is @ 3.997
Note:
US–China trade talks are reportedly progressing well. Both countries have structured the outline for a trade deal, marking major progress in resolving the ongoing trade dispute and easing the risk of further escalation ahead of the 1st November deadline.
US Treasury Secretary Scott Bessent stated that the discussions have removed the immediate threat of former President Trump’s proposed 100% tariffs on Chinese imports starting 1st November. The framework now paves the way for a potential agreement when President Trump and Chinese President Xi Jinping meet later this week.
Investor sentiment has improved following data showing that US consumer prices cooled more than expected in September, reinforcing expectations of a rate cut at the Federal Reserve’s two-day policy meeting concluding on 29th October. The softer inflation print has cemented expectations of a 25-basis-point cut, with markets now closely watching for any signals of further easing in the coming months.
Contributed by
Ashok bhandari : INH000019549
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