Nifty 50 began today’s session at 22,715 versus yesterday’s close of 22,722. It slipped after opening and is now trading at 22,685, down nearly 0.2 per cent.

The advance/decline ratio of Nifty 50 now stands at 20/30, showing a bearish bias. TCS (up 2.7 per cent) and Nestle India (up 2.6 per cent) are the top gainers whereas Shriram Finance (down nearly 3 per cent) and Dr Reddy’s Laboratories (down 1.9 per cent) are the top losers.

Among the sectors, Nifty IT (up 1.3 per cent) tops the chart whereas Nifty Pharma (down 1.4 per cent) is the weakest sectoral index so far today. 

Nifty (Oct) futures opened today’s session lower at 22,784 against Tuesday’s close of 22,835. It slipped after opening and is now trading at 22,725, down nearly 0.5 per cent.

Although the contract closed marginally above 22,820 yesterday, the breach was not decisive. Also, the October futures has declined in today’s early trade.

However, there is support ahead at 22,680, which can arrest the decline. That said, as it stands, the resistance at 22,820 can be considered valid.

So, for today’s direction of trend depends of whether Nifty futures breaches 22,680 or 22,820 first.

A breakout of 22,820 can lift the contract to 23,000 whereas if the support at 22,680 is breached, the downtick can extend to 22,550. 

Since there is lack of clarity now, traders can stay. Consider initiating trade in the direction of the break of the 22,680-22,820 range. 

Supports: 22,680 and 22,550

Resistance: 22,820 and 23,000

Published on October 14, 2026