Nifty and Bank Nifty Outlook for 27th Oct.

Nifty future as expected moved downwards after facing resistance at 6140 levels. Nifty future may continue to remain in this range of 6050-6200 until it breaks on either side. Support for nifty future is at 6050/6000 levels and resistance is at 6180/6250 levels.

Bank nifty future as expected moved downwards after facing resistance at 12500 levels. Bank nifty future may now further move down towards 12250-12180 levels if trades below 12330 levels.