Market Prediction Today (28th May 2026)

Nifty Prediction Today

Today, Nifty 50 prediction suggests a Bearish range between 23750 and 24100, with strong support at 23750-23800 and resistance at 24050-24100. Traders should monitor these crucial levels closely for potential market shifts.

Nifty Support and Resistance Level Today

• Nifty Support: 23750-23800
• Nifty Resistance: 24050-24100
• BIAS: Sideways

Indian equity benchmark Nifty index witnessed a marginal flat to negative close on 27th May 2026. The index opened with a gap-down of 33.35 points at 23,880.35, indicating a cautious start to the session. Despite the weak opening, buying interest emerged in the early part of the session, helping the index move higher and register its intraday high of 23,983.20 during the first half itself. However, the momentum failed to sustain at higher levels as profit booking emerged thereafter, dragging the index lower towards its intraday low of 23,858.25. In the final moments of the session, some buying interest returned, helping the index recover marginally and settle at 23,907.15. The index ended the day with a decline of 6.55 points or 0.03%. On the daily timeframe, the index formed a gravestone doji-like candlestick pattern, indicating indecisiveness at higher levels after the recent recovery. The long upper shadow reflects rejection from higher levels and suggests that selling pressure emerged whenever the index attempted to move higher.

Sectorally, the market witnessed broad-based buying across most sectors during the session. Strong strength was visible in PSU Banks, Banking, Financial Services, Realty, Chemicals, Oil & Gas, Auto, Consumer Durables, and Cement stocks, while FMCG remained the only notable laggard. Market breadth remained firmly positive with advancing stocks comfortably outnumbering declining stocks, reflecting strong participation across the broader market

Bank Nifty Prediction Today

Today, Bank Nifty prediction suggests a Bearish range between 54500 and 55200, with strong support at 54500-54700 and resistance at 55100-55200. Traders should monitor these crucial levels closely for potential market shifts.

Bank Nifty Support And Resistance Today

• Bank Nifty Support: 54500-54700
• Bank Nifty Resistance: 55100-55200
• BIAS: Sideways

The Bank Nifty index opened with a gap-down of 99.95 points at 54,992.95, reflecting mild weakness in the banking space at the opening bell. Post the gap-down opening, the index witnessed buying interest and moved higher during the first half, registering its intraday high of 55,221.70. However, profit booking emerged at higher levels and the index gradually slipped lower throughout the latter half of the session. Bank Nifty eventually registered its intraday low of 54,738.60 and settled at 54,853.85, ending the day with a decline of 239.05 points or 0.43%. On the daily timeframe, Bank Nifty formed a bearish candlestick pattern, indicating profit booking emerging after the recent sharp recovery. The inability to sustain above higher levels reflects cautious sentiment among participants in the banking segment.

From a technical perspective, immediate support is placed in the 54,500–54,600 zone, while resistance is observed in the 55,100–55,200 range. The Relative Strength Index (RSI) stands at 51.35, indicating neutral momentum with the index consolidating after recent volatility.

Benchmark indices witnessed a range-bound and volatile session with both Nifty and Bank Nifty failing to sustain gains at higher levels. While buying interest was visible during the first half, profit booking in the latter half restricted further upside momentum. Despite the subdued movement in benchmark indices, broader market participation remained relatively stable and volatility eased sharply, indicating reduced near-term market anxiety. Going forward, sustained movement above immediate resistance levels will be important for continuation of bullish momentum, while support zones near recent lows are expected to act as important demand areas in the short term.

Sensex Prediction Today

Today, Sensex prediction suggests a bearish range between 75000 and 76500, with strong support at 75000-75200 and resistance at 76400-76500. Traders should monitor these crucial levels closely for potential market shifts.

Sensex Support And Resistance Today

• Sensex Support: 75000-75200
• Sensex Resistance: 76400-76500
• BIAS: Sideways

On 27th May 2026, the BSE Sensex closed at 75,867.80, declining by -141.90 points (-0.19%), as profit booking at higher levels restricted further upside momentum. The index opened at 75,939.86 and initially witnessed buying interest, touching an intraday high of 76,224.68 during the early session. However, the market failed to sustain at higher levels and gradually witnessed selling pressure through the latter half of the session. The Sensex slipped to an intraday low of 75,748.21 before settling at 75,867.80, indicating a cautious undertone near resistance zones.

Sector-wise, Power, Capital Goods, Utilities, Metal, Industrials, Auto, Consumer Discretionary, Telecommunication, and Consumer Durables witnessed strong buying interest and outperformed during the session. On the other hand, Top 10 Banks, Private Banks, Financial Services, BANKEX, Information Technology, Focused IT, Oil & Gas, FMCG, and Energy sectors witnessed mild weakness and profit booking. Banking and IT-related indices remained under pressure, while broader market participation stayed selective.

Technically, Sensex continued to face resistance near the 76,200–76,400 zone, where profit booking emerged once again. Although the index managed to hold above the 75,700 zone, failure to sustain higher levels suggests cautious sentiment in the short term. Immediate support is now placed around 75,000–75,200, while resistance is seen near 76,400–76,500. Sustaining above support levels may keep the broader structure stable, while a decisive breakout above resistance could trigger fresh upside momentum in upcoming sessions.

The overall market bias remains cautiously positive as the index continues to trade above key support levels despite intermittent profit booking near higher zones. However, lack of sustained momentum near resistance levels indicates that traders may remain selective in the near term. As long as Sensex sustains above the 75,000–75,200 support zone, the broader undertone may remain stable with stock-specific trading opportunities.

Indian VIX Prediction For Today

From a technical perspective, immediate support is placed in the 23,750–23,800 zone, while resistance is observed in the 24,050–24,100 range. The Relative Strength Index (RSI) stands at 51.35, indicating neutral momentum with the index still holding above the psychological zone of 23,900. The volatility index, India VIX, declined sharply by 7.13% to close at 14.98, indicating easing volatility and improving comfort among market participants. In the derivatives segment, notable call writing was observed at the 24,000 and 24,200 strikes, while put writing was concentrated at the 23,900 and 23,800 strikes, indicating a broader consolidation range with immediate resistance placed near the 24,000 zone

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