+ 344.79

+ 60.20

+ 89.00

 -547.00

 -2,188.00

Nifty 50 has risen back very well after witnessing a strong fall on Monday. The index opened with a wide gap-up at 23,016 and touched a high of 23,121 in the early trades.

It has come off from the high and is currently trading at 23,030, up 0.62 per cent. The advances/declines ratio is at 32:18. This is positive.

Resistance is in the broad 23,130-23,200 region which is holding well for now. Support is at 22,970. A break below it can drag the Nifty down to 22,850-22,800 again.

Nifty has to get a strong rise above 23,200 in order to strengthen the bullish case. Only then the upside will open up for a further rise to 23,450 going forward.

The Nifty 50 October Futures (22,990) is up 0.4 per cent. The contract has come down after making a high of 23,135 in the early trades. Failure to sustain the early gains keeps the contract vulnerable.

Immediate support is at 22,960. A break below it can drag the contract down to 22,860 and even 22,750 in the coming sessions.

Resistances are at 23,050 and then at 23,150-23,170. A sustained break above 23,170 is needed to become bullish. Such a break can then take the Nifty 50 October Futures contract higher to 23,400 and higher.

We suggest traders to stay out of the market today. See how the index closes for the day and then trades can be taken accordingly later.

Supports: 22,960, 22,860

Resistances: 23,050, 23,150-23,170

Published on October 21, 2026

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