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 is currently trading with a range-bound to cautious bias, hovering around the 24,000–24,100 zone, as resistance persists in the 24,100–24,150 range, indicating supply pressure at higher levels. From a technical standpoint, a decisive breakout above the 24,300–24,400 band will be crucial to revive bullish momentum and potentially extend gains toward the 24,600+ levels. On the downside, 23,900 serves as immediate support, and a breakdown below this level could accelerate weakness toward the key support zone near 23,800. Overall, the sentiment remains cautious, reflecting a lack of strong directional conviction in the near term.
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 28th 2026
Indian equity markets opened on a flat to mildly weaker note and are likely to remain cautious and volatile, with early pressure visible in PSU banking stocks. Crude oil prices continue to stay elevated, with Brent trading in the $105–110 per barrel range, posing a key risk to inflation and weighing on overall market sentiment. Near-term sentiment remains fragile and largely driven by news flow, with elevated crude prices, geopolitical uncertainty, currency pressures and persistent FII outflows acting as key headwinds. While domestic institutional flows and the ongoing earnings season offer some support, market direction in the near term is likely to hinge on oil price trends and developments on the geopolitical front.
Technical View
Nifty 50
Nifty 50 opened on a mildly lower note around the 24,051 level, reflecting a cautious undertone, although initial buying interest is visible in early trade. From a technical perspective, the 24,100–24,150 zone continues to act as an immediate resistance band. A sustained move above this range could push the index toward the 24,300–24,400 zone, which remains a crucial resistance area. On the downside, 23,900 serves as immediate support, aligning with the 20-day EMA, and holding above this level is essential to maintain short-term stability. A breakdown below this zone could accelerate weakness toward 23,800 levels.
Bank Nifty
Bank Nifty opened with a gap-down near the 55,865 level, reflecting heightened selling pressure in banking stocks and a cautious undertone. From a technical perspective, 56,500 remains an immediate hurdle, followed by the 56,800–57,000 resistance band. A sustained breakout above this range will be essential to extend gains toward the 57,500–58,000 levels. On the downside, the 56,000–55,800 zone acts as a key support area, and a breach below this range could trigger further weakness toward the 55,500–55,200 levels. Momentum indicators such as the RSI, hovering around the 50–55 range, suggest a neutral bias.
Resistance 24,300
Support 23,900
FII & DII Activities
Particular
FIIs
DIIs
Net Purchase/ Sales (Cr)
27 Apr 2026
-1,151.48
+4,123.92
MTD-May (Cr)
April
-57,515.44
+43,602.59
Global Market
April 28th 2026
NASDAQ
USA
24,887.1
50.5 0.2
28th April
Dow Jones
USA
49,167.79
28th April
FTSE
UK
10,346.26
28th April
DAX
GERMAN
24,096.75
28th April
GIFT Nifty
Singapore
23,994.5
28th April
NIKKEI 225
Japan
59,917.46
28th April
Shanghai
China
4,078.64
28th April
S&P 500
USA
7,173.91
28th April
April 24th 2026
Top Gainers
SBCL
593
68.7 13.1
SHEKHAWATI
17.57
2.48 16.43
KHAITANLTD
139.35
18.7 15.5
EMAMIREAL
90.92
15.15 19.99
Top Losers
FEDERALBNK
293
-2.4 -0.81
BANKBARODA
274.3
-2.04 -0.74
AXISBANK
1,362
-7.6 -0.55
IDFCFIRSTB
67.39
-0.44 -0.65
Technicals
Pivot Advanced Levels
Check live levels for all scripts
Buy Above
24084.32
R1
24127.11
R2
24171.85
R3
24251.59
Stop Loss
24033.75
Pivot
24053.20
(All values are in INR)
Sell Below
24022.08
S1
23979.29
S2
23934.56
S3
23854.81
Stop Loss
24072.65
Pivot Basic Levels
| R4 | R3 | R2 | R1 | Pivot | S1 | S2 | S3 | S4 | |
| Classic | 24481.70 | 24364.70 | 24247.70 | 24170.20 | 24053.20 | 23975.70 | 23858.70 | 23781.20 | 23703.70 |
| Woodie | 24646.58 | 24384.45 | 24257.58 | 24189.95 | 24063.08 | 23995.45 | 23868.58 | 23800.95 | 23479.58 |
| Camarilla | 24199.68 | 24146.19 | 24128.36 | 24110.53 | 24053.20 | 24074.87 | 24057.04 | 24039.21 | 23985.73 |
Moving Averages
Bullish
Bearish
5 Day
20482.93
10 Day
19696.87
20 Day
19075.22
50 Day
18493.31
100 Day
18169.56
200 Day
17863.56
Momentum Oscillators
Bullish
2
Bearish
0
Neutral
5
Bullish
2
Bearish
0
Neutral
5
Stoch RSI
10.37
ROC
0.90
Ultimate
48.32
Williams
-58.59
CCI
37.70
Stochastic
60.06
RSI
60.89
Trend Oscillators & Volatility
Bullish
1
Bearish
0
Neutral
0
Bullish
1
Bearish
0
Neutral
0
ATR
129.68
Low Volatility
MACD
329.57
Bullish
Nifty Stock List
Check all stocks
| Stock Name | CMP | Change (%) | Market Cap (Cr.) | Sector | Piotroski Score |
RELIANCE | 1382.5 | 1.2227 | 1848477.17 | Oil & Gas | 7 / 9 |
HDFCBANK | 604.5 | 1.0616 | 1216063 | Banks | 3 / 9 |
HDFCBANK | 785.65 | -0.5254 | 1216063 | Banks | 3 / 9 |
BHARTIARTL | 1835.9 | 0.8681 | 1108874.78 | Telecom | 8 / 9 |
SBIN | 1094.45 | -1.565 | 1026260.1 | 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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