Indian Stock Market Outlook

Market Expectations

The Indian stock market is expected to open lower on Friday, 27 February 2026, amid weakness in global markets. The trends on Gift Nifty signal a negative start for the frontline indices, Nifty 50 and Sensex today.

Previous Session

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The domestic equity market indices ended mixed in the previous session, with the benchmark Nifty 50 closing near 25,500 level. The Sensex inched lower by 27.46 points, or 0.03%, to close at 82,248.61, while the Nifty 50 closed 14.05 points, or 0.06%, higher at 25,496.55.

Nifty Options

According to Chandan Taparia, Head Derivatives & Technicals at Motilal Oswal Financial Services Ltd, the maximum Call Open Interest (OI) is at 25,500 then 25,600 strike, while the maximum Put OI is at 25,500 then 25,400 strike. Option data suggests a broader trading range in between 25,000 to 26,000 zones, while an immediate range between 25,300 to 25,700 levels.

Nifty 50 Outlook

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The Nifty 50 index formed a bearish candle on the daily frame with a long lower shadow indicating support based buying is intact. To rebuild strength, the index needs to cross and hold above 25,500 zones for a move towards 25,650 then 25,750 zones, while support can be seen at 25,350 then 25,250 zones.

Bank Nifty Prediction

The Bank Nifty index gained 144.35 points, or 0.24%, to close at 61,187.70 on Thursday, forming a small-bodied candle on the daily scale. Buying interest is visible at lower zones, but momentum is missing at higher levels. To hold an up move, the index needs to hold above 61,000 zones for a move towards 61,500 then 61,765 mark, while on the downside, support is seen at 61,000 then 60,750 zones.

Stock Recommendations

Chandan Taparia has recommended three stocks to buy today:

• Eicher Motors:
  • Target Price: ₹8,700
  • Stop Loss: ₹7,950
  • Eicher Motors share price has broken out from a bullish "Pole & Flag" pattern, suggesting a continuation of the uptrend.
• Fortis Healthcare:
  • Target Price: ₹1,030
  • Stop Loss: ₹935
  • Fortis Healthcare share price has breached above the neckline of a double bottom pattern with a strong bullish candle and high traded volumes.
• JSW Steel:
  • Target Price: ₹1,350
  • Stop Loss: ₹1,240
  • JSW Steel share price has given a breakout from a consolidation zone with higher than average traded volumes and respecting its 50 DEMA.