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Published on 27-10-2026 10:09 am

Nifty

Nifty commenced the week on a positive note, snapping a four-session losing streak and closing near its 5 DEMA at 22730. However, the index continues to trade below its 20 DEMA hurdle at 22832. Monday’s price action remained confined within the previous session’s range of 22370–22790. The bullish Hammer pattern awaits confirmation, with a sustained and confident close above 22865 required to strengthen the recovery and open the way towards 23000–23100. On the momentum front, RSI remains below 50, while ADX is flattening and -DI has slipped below 25, indicating a possible stabilisation in the prevailing downtrend. However, a stronger reversal requires follow-through buying and improving market breadth. Failure to sustain above 22700 could bring 22500 into focus, while a decisive break below 22372 would reopen the downside towards the psychological 22000 mark. The 22865 threshold remains critical for confirming a meaningful recovery.Fresh longs should be considered only after a sustained move above 22865, supported by improving market breadth and momentum. Traders should prioritise capital preservation, maintain disciplined stop-losses and deploy fresh capital selectively. A potential panic bottom must be confirmed by price action before increasing exposure.

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Published on 27-10-2026 10:08 am

Nifty

Nifty opened with a downward gap however buying momentum at lower levels pulled index higher to end near day's high . Nifty closed at 22753 with a gain of 153 points . On the daily chart index has formed a bullish candle however it remained restricted within previous session's High - Low range indicating absence of strength on eitherside . The chart pattern suggests that if Nifty crosses and sustains above 22800 level it would witness buying which would lead the index towards 22900 - 23000 levels . Important Supports for the day is around 22600 However if index sustains below 22600 then it may witness profit booking which would take the index towards 22500 - 22380 levels .

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Published on 27-10-2026 10:07 am

Market Outlook

The Indian market started the week on a positive note, with the benchmark Nifty50 index witnessing range-bound trading while remaining resilient near its prolonged 200-WEMA support zone. On the upside, the immediate hurdle remained intact near the 20-DEMA zone around 22,800. From a technical perspective, a sustained move above this short-term moving average would be crucial to trigger an extended recovery in the near term; otherwise, the index could continue to consolidate within its prevailing range. On the derivatives front, significant Call OI is placed at the 22,800 and 23,000 strikes, indicating an immediate overhead resistance zone.

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Published on 27-10-2026 10:06 am

BANK NIFTY

* The banking index ended marginally higher on Monday, snapping a four-session losing streak, but continued trading below its 20-DEMA, indicating persistent bearish pressure.

* Despite initial selling, the index staged an early recovery and sustained positive momentum.

* Sectoral participation remained mixed, with Kotak Bank and Union Bank outperforming, while AU Bank and IDFC First Bank weakened.

* Immediate resistance is positioned near 55,200, while crucial support remains around the 53,000 zone.

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Published on 27-10-2026 10:05 am

NIFTY

* Nifty staged a recovery on Monday after a weak start, with benchmark indices rebounding from their intraday lows as buying emerged at lower levels.

* A decisive recovery above the 20-DEMA, currently around 22,850, could extend the rebound towards the 23,100–23,300 zone.

* Conversely, a breakdown below this level could expose the index to further weakness towards the 21,700–22,200 zone.

* Given the fragile market structure and persistent macroeconomic uncertainties, traders should remain selective, avoid aggressive leverage and maintain disciplined risk management

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