Nifty ended on a flat to marginally negative note on 27th May 2026, closing at 23,907.15, down 6.55 points or 0.03%, amid profit booking near higher levels. The index touched an intraday high of 23,983.20 before witnessing selling pressure, though late-session buying helped trim losses. Technically, the formation of a gravestone doji-like candlestick pattern indicates indecisiveness and rejection near higher levels. RSI stood at 51.35, while India VIX declined sharply to 14.98, reflecting easing volatility. Immediate support is placed around the 23,500–23,600 zone, while resistance is seen near the 24,000–24,100 range.
Bank Nifty ended on a mildly negative note on 27th May 2026, closing at 54,853.85, down 239.05 points or 0.43%, amid profit booking after the recent recovery. The index touched an intraday high of 55,221.70 before witnessing gradual weakness during the latter half of the session. Technically, the formation of a bearish candlestick pattern reflects cautious sentiment and inability to sustain at higher levels. The RSI stood at 51.35, indicating neutral momentum with the index currently in a consolidation phase. Immediate support is placed around the 54,000–54,200 zone, while resistance is seen near the 55,300–55,500 range.
Foreign Institutional Investors (FIIs) remained net sellers on 27th May 2026 and offloaded equities worth ₹1,042.70 crore, reflecting cautious positioning by overseas investors amid consolidation near higher levels. Meanwhile, Domestic Institutional Investors (DIIs) continued to provide strong support to the market and remained net buyers with equity purchases worth ₹3,821 crore, helping maintain stability in the broader market sentiment.
The market setup currently reflects a consolidation phase after the recent recovery, with benchmark indices struggling to sustain momentum near higher levels. Although selective buying interest and lower volatility continue to provide stability, profit booking at resistance zones is limiting fresh upside traction. A decisive move beyond the immediate trading range will be important to confirm the next directional move, while holding key support levels may keep the broader undertone resilient in the near term,” says Hitesh Tailor, Research Analyst, Choice Equity Broking Private Limited.
