Pharma, Reality, and IT indices outperformed, rallying over 2 percent.
Shrikant Chouhan,
Head Equity Research,
Kotak Securities:
Mumbai, April 27, 2026: Today, the benchmark indices witnessed a pullback rally. The Nifty ended 195 points higher, while the Sensex was up by 639 points. Among sectors, almost all the major sectoral indices traded in positive territory, but the Pharma, Reality, and IT indices outperformed, rallying over 2 percent. Technically, after a gap-up opening, the market maintained positive momentum throughout the day. A bullish candle on daily charts and a reversal formation on intraday charts indicate that a pullback formation is likely to continue in the near future.
For day traders, 24,000/77000 and 23,900/76700 would act as crucial support zones. As long as the market is trading above these levels, the bullish sentiment is likely to continue. On the higher side, the index could move up to 24,215/77700. Further upside may also persist, potentially lifting the index up to 24,300/78000.
On the flip side, below 23,900/76700, the uptrend would become vulnerable. Under such circumstances, traders may prefer to exit their long positions.
