- The Nifty Private Bank Index witnessed sharp profit booking during the latest week, closing near 27,278 after failing to sustain above the 27,800–28,000 resistance zone. Despite the recent correction, the index continues to trade within a long-term rising channel, indicating that the broader trend remains positive.
- On the weekly chart, the index is trading around its short-term moving averages, while the 100-week and 200-week EMAs continue to provide strong downside support. The recent bearish candle reflects near-term selling pressure, although the RSI is hovering around the 50 mark, indicating neutral momentum with no strong directional bias.
- From a technical perspective, the near-term outlook remains range-bound with a cautious bias. Immediate support is placed at 27,000–26,500, followed by the major support zone near 24,700–24,000, while resistance is seen at 27,800 and 28,500. A sustained move above 28,500 could revive bullish momentum, whereas a breakdown below 27,000 may trigger further corrective weakness.
| Outperformers | Underperformers |
|---|---|
| KOTAKBANK | INDUSINDBK, HDFCBANK |
NIFTY REALTY
Date: 27-Jul-2026
- The Nifty Realty Index witnessed sharp profit booking during the latest week after failing to sustain above the key breakout zone, closing near 882. Despite the recent decline, the index continues to trade above its major moving averages, suggesting that the broader recovery trend remains intact.
- On the weekly chart, the index has faced rejection near the falling trend line resistance, indicating selling pressure at higher levels. However, the 100- week and 200-week EMAs continue to provide strong support, while the RSI remains above the 50 mark, reflecting positive momentum despite the recent pullback.
- From a technical perspective, the near-term outlook remains cautiously positive as long as the index holds above the 845–830 support zone. Immediate resistance is placed at 920–950, followed by the major trend line resistance near 1,000. A sustained breakout above 950 could strengthen bullish momentum, while a breakdown below 830 may lead to further corrective weakness.
| Outperformers | Underperformers |
|---|---|
| - | BRIGADE, SOBHA |
NIFTY FINANCE
Date: 27-Jul-2026
- The Nifty Financial Services Index witnessed sharp profit booking during the latest week, closing near 25,910 after failing to sustain above the 26,500– 26,600 resistance zone. Despite the recent correction, the index continues to trade above its long-term moving averages, indicating that the broader uptrend remains intact.
- On the weekly chart, the index is consolidating after a pullback from higher levels and is trading around its short-term moving averages. The recent bearish candle reflects near-term selling pressure, while the 100-week and 200-week EMAs continue to provide strong downside support. The RSI is hovering near the 50 mark, suggesting neutral momentum.
- From a technical perspective, the near-term outlook remains cautiously positive as long as the index holds above the 25,300–25,000 support zone. Immediate resistance is placed at 26,500–26,700, followed by 28,000. A sustained breakout above 26,700 could revive bullish momentum, while a breakdown below 25,000 may trigger further corrective weakness.
| Outperformers | Underperformers |
|---|---|
| ICICIGI, RECLTD | HDFCBANK, AXISBANK |
NIFTY SERVICE
Date: 27-Jul-2026
- The Nifty Services Sector Index witnessed sharp profit booking during the latest week, closing near 30,442 after failing to sustain above the 30,900– 31,000 resistance zone. Despite the recent decline, the index continues to trade above its long-term moving averages, indicating that the broader trend remains constructive.
- On the weekly chart, the index has slipped below its short-term moving averages, reflecting near-term weakness after a recovery rally. However, the 100-week and 200-week EMAs continue to provide strong downside support. The RSI is hovering below the 50 mark, indicating subdued momentum and a cautious near-term outlook.
- From a technical perspective, the index is likely to remain range-bound with a negative bias unless it reclaims the 30,900–31,300 resistance zone. Immediate support is placed at 30,000, followed by 29,000, while resistance is seen at 31,000 and 31,300. A sustained breakout above 31,300 could revive bullish momentum, whereas a breakdown below 30,000 may trigger further selling pressure
| Outperformers | Underperformers |
|---|---|
| HCLTECH, DMART | HDFCBANK, AXISBANK |
Sector Performance
| Scrip | Trade | Entry In Range | Target | Stop loss |
|---|---|---|---|---|
| UNITDSPR | BUY | 1460-1475 | 1636 | 1372 |
Rational
- UNITDSPR is currently at a pivotal juncture, having broken out of a recent resistance. This breakout indicates steady accumulation by buyers at lower levels over the past days, potentially paving the way for a strong upward move
- The 21-day EMA (short-term trend indicator) has crossed above the 50-day EMA (midterm trend indicator), confirming short-term strength and acting as a support zone.
- The RSI has also broken out and is now at 62.99, indicating strong upward momentum. If the stock holds above its breakout level, the rally could continue
WAHID MOHD HUSSAIN ANSARI
Digitally signed by WAHID MOHD HUSSAIN ANSARI Date: 2026.07.27 08:39+05:30
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