What is NIFTY 50?
NIFTY50 is a benchmark index representing the top 50 companies listed in National Stock Exchange (NSE). Their weightage is based on free-float Market Capitalization.
NIFTY 50
NSE
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Short term - Technical Outlook
Nifty 50 continues to trade with a cautious to mildly negative bias, hovering near the 24,000 zone following recent weakness. The index is encountering persistent supply pressure in the 24,150–24,200 range, which is aligned with the 50-day EMA, indicating limited upside conviction. From a technical perspective, a decisive move above 24,200 could trigger a recovery toward the 24,300–24,400 resistance band, which remains a critical hurdle for further upside.
On the downside, a sustained break below the key 23,800 support zone may accelerate weakness toward the 23,600–23,400 levels. Momentum indicators are gradually weakening, reflecting fading strength in the current trend. Overall, the outlook remains cautious, with meaningful strength likely to emerge only on a sustained breakout above key resistance levels.
Short term Research Report Call
Buy Above: 24150 | Targets: 24230, 24300, 24370 | Stop-loss: 24100
Sell Below: 24000 | Targets: 23930, 23840, 23750 | Stop-loss: 24050
Short term Chart
Long term - Technical Outlook
Nifty 50 immediate and critical support zone lies around 23,800. A clear breakdown below this level may intensify selling pressure and drag the index toward 23,600 region. On the upside, the 24,300-24,400 band now acts as a key resistance area, as earlier support has turned into a barrier; a sustained move above this range is essential for near-term stabilization. Overall, the downside bias remains intact unless the index posts a decisive close above the 25,000–25,300 region.
Long term Research Report Call
Buy Above: 24150 | Targets: 24230, 24300, 24370 | Stop-loss: 24100
Sell Below: 24000 | Targets: 23930, 23840, 23750 | Stop-loss: 24050
Long term Chart
Market View
April 29th 2026
Indian equity markets opened on a cautious footing, trading flat to marginally higher in early dealings. Brent crude oil has climbed sharply into the $110–113 a barrel range, intensifying inflationary pressures and heightening concerns over input costs and broader macroeconomic stability. Foreign institutional investors are expected to remain under strain, with outflows likely to persist amid rising global risk aversion. Global equities are mixed, as elevated energy prices and ongoing geopolitical tensions weigh on sentiment, while most Asian markets are under pressure, reflecting defensive positioning by investors. The Indian rupee has weakened further, approaching the 95-per-dollar mark, pressured by sustained foreign outflows and elevated crude prices, compounding macroeconomic concerns.
Overall, market sentiment remains fragile and highly sensitive to news flow. Elevated oil prices, geopolitical risks, currency weakness and continued foreign outflows are likely to act as persistent headwinds, keeping the near-term outlook cautious.
Nifty 50
Nifty 50 opened on a cautious note, slightly above its previous close around the 24,106 level, reflecting a lack of strong directional momentum. From a technical standpoint, the 24,100–24,150 zone continues to act as immediate resistance, followed by a crucial hurdle in the 24,300–24,400 range. A sustained move above this broader band is required to revive short-term bullish momentum toward 24,600+ levels. On the downside, 23,900 serves as immediate support, with a key level at 23,800. Holding above these levels is important to maintain the current short-term structure, while a breach could weaken the trend.
Bank Nifty
Bank Nifty opened on a higher note around 55,645, but quickly faced selling pressure and is trading in range-bound note, indicating lack of follow-through buying. From a technical perspective, the 55,900–56,000 range acts as an immediate hurdle, followed by a key resistance band at 56,800–57,000. A sustained breakout above this zone is necessary to regain upward momentum toward the 57,500–58,000 levels. On the downside, 55,200–55,000 remains a crucial support zone, and a decisive break below this range could extend weakness toward the 54,800–54,600 support band.
Resistance 24,400
Support 23,900
FII & DII Activities
Particular
FIIs
DIIs
Net Purchase/ Sales (Cr)
28 Apr 2026
-2,103.74
+1,712.01
MTD-May (Cr)
April
-59,619.18
+45,314.6
Global Market
April 29th 2026
NASDAQ
USA
24,663.8
-223.3 -0.9
29th April
Dow Jones
USA
49,141.93
29th April
FTSE
UK
10,250.43
29th April
DAX
GERMAN
23,986.26
29th April
GIFT Nifty
Singapore
24,245.5
29th April
NIKKEI 225
Japan
59,917.46
29th April
Shanghai
China
4,107.51
29th April
S&P 500
USA
7,138.8
29th April
April 29th 2026
Top Gainers
INDOBORAX
283
36.27 14.7
ABANSENT
39.65
6.6 19.97
WHEELS
1,210
145.75 13.7
SAPPHIRE
209.16
34.86 20
Top Losers
PNB
111.28
-0.11 -0.1
CANBK
136.93
-0.17 -0.12
JIOFIN
250.7
-0.11 -0.04
MAXHEALTH
1,004
-0.75 -0.07
Technicals
Pivot Advanced Levels
Check live levels for all scripts
Buy Above
24234.73
R1
24295.17
R2
24358.36
R3
24471.01
Stop Loss
24163.29
Pivot
24190.77
(All values are in INR)
Sell Below
24146.81
S1
24086.36
S2
24023.17
S3
23910.52
Stop Loss
24218.24
Pivot Basic Levels
| R4 | R3 | R2 | R1 | Pivot | S1 | S2 | S3 | S4 | |
| Classic | 24727.15 | 24596.33 | 24465.52 | 24321.58 | 24190.77 | 24046.83 | 23916.02 | 23772.08 | 23628.15 |
| Woodie | 25011.74 | 24589.78 | 24462.24 | 24315.03 | 24187.49 | 24040.28 | 23912.74 | 23765.53 | 23363.24 |
| Camarilla | 24328.76 | 24253.21 | 24228.02 | 24202.84 | 24190.77 | 24152.46 | 24127.28 | 24102.09 | 24026.54 |
Moving Averages
Bullish
Bearish
5 Day
20545.88
10 Day
19731.21
20 Day
19093.20
50 Day
18500.71
100 Day
18173.30
200 Day
17865.44
Momentum Oscillators
Bullish
1
Bearish
0
Neutral
6
Bullish
1
Bearish
0
Neutral
6
Stoch RSI
71.12
ROC
1.41
Ultimate
43.52
Williams
-40.54
CCI
48.18
Stochastic
53.67
RSI
67.12
Trend Oscillators & Volatility
Bullish
1
Bearish
0
Neutral
0
Bullish
1
Bearish
0
Neutral
0
ATR
129.96
Low Volatility
MACD
341.62
Bullish
Nifty Stock List
Check all stocks
| Stock Name | CMP | Change (%) | Market Cap (Cr.) | Sector | Piotroski Score |
RELIANCE | 1425.4 | 2.628 | 1929943 | Oil & Gas | 7 / 9 |
HDFCBANK | 604.5 | 1.0616 | 1199004.29 | Banks | 3 / 9 |
HDFCBANK | 779 | -0.4536 | 1199004.29 | Banks | 3 / 9 |
BHARTIARTL | 1888.1 | 2.4026 | 1150590.91 | Telecom | 8 / 9 |
SBIN | 1086.9 | -0.4032 | 1002814.26 | Banks | 5 / 9 |
Market Commentary
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Disclaimer: Investment in securities/commodities market subject to market risk, read all the related documents carefully before investing/trading.
Analyst Certification: I/We, Ayushi Jain Research Analyst, authors, and the name subscribed to this report, hereby certify that all the views expressed in this research report accurately reflect our views about the subject issuer(s) or securities. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report. NISM Research Analyst registration number – NISM-201900015194.
NIFTY50 is a benchmark index representing the top 50 companies listed in National Stock Exchange (NSE). Their weightage is based on free-float Market Capitalization.
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