Nifty, Banknifty, Finnifty analysis for 28/10/2026

1. Nifty Current Level: 22,749 Trend / Position Bias: Bearish / Short Key Levels & Strategy: Short Bias: Maintain short positions as long as Nifty trades below 22,900. Conditional Action: Shift to a long strategy only if the index breaks out and sustains above 22,900. 2. Bank Nifty Current Level: 53,974 Trend / Position Bias: Bearish / Short Key Levels & Strategy: Short Bias: Hold short positions while trading below 55,000. Conditional Action: Look to create long positions only on a decisive move above 55,000. 3. Fin Nifty Current Level: 24,303 Trend / Position Bias: Bearish / Short Key Levels & Strategy: Short Bias: Keep short positions intact below the critical resistance threshold of 24,600. Conditional Action: Consider long setups only if prices cross and hold above 24,600. Summary / Market Outlook All three indices are currently trading below their respective breakout thresholds (22,900 for Nifty, 55,000 for Bank Nifty, and 24,600 for Fin Nifty). This indicates a near-term corrective or downward bias where short strategies are favoured. Trend reversal or aggressive long entries should strictly be restricted until these key resistance hurdles are successfully breached. F&O top looser was :