Nifty Outlook for 28-Oct-2026 looks Bullish

Nifty ended flat on October 27, closing at 22,749.75 after printing a spinning top candlestick pattern, which signifies indecision between buyers and sellers near the current levels. The Daily MACD Histogram is above zero and the Hourly MACD Histogram is also above zero indicating a bullish trend. The Daily RSI 14 at 46.00 indicates a neutral to bearish trend and the Hourly RSI 14 above the midline 50 levels at 54.44 indicate a bullish trend. Thus, the overall trend of Nifty looks bullish, and the buyers are in control over the markets. Buy on dips would be the best strategy to deploy for today’s market considering the overall trend of Nifty. We may expect a change in trend only if the price sustains below the support level. Can Initiate selling only if prices continue to sustain below the support level. I have provided Nifty Spot resistance and support levels which would help you learn in taking informed trading decisions using these levels and understand how support and resistance levels work in financial markets. Nifty Spot Resistance 1 - 22855 Resistance 2 - 22915 Support 1 - 22665 Support 2 - 22615 Happy Learning, Happy Trading and have a wonderful day Top Gainers : TATACONSU, BHARTIARTL, BAJAJ-AUTO Top Losers : ASIANPAINT, COALINDIA, GRASIM.