Nifty, Banknifty, Finnifty analysis for 23/10/2026

1. Nifty (22,687) Trend Assessment: Bullish Structure. The price is trading above the key critical pivot level of 22,600. Support / Stop-Loss Level: 22,600 serves as the immediate crucial support / trailing stop-loss line for existing long positions. Trading Strategy: Hold Long: Maintain existing long positions as long as the spot price stays above 22,600. Short Trigger: Do not attempt short positions unless there is a decisive breakdown below 22,600. 2. Bank Nifty (54,925) Trend Assessment: Bearish Structure. Trading below the key resistance hurdle of 55,900. Resistance / Stop-Loss Level: 55,900 acts as key resistance and the stop-loss level for existing short positions. Trading Strategy: Hold Short: Maintain existing short positions while the price trades below 55,900. Long Trigger: Initiate fresh long positions only if the price breaks and sustains above 55,900. 3. Fin Nifty (24,657) Trend Assessment: Bearish Structure. Similar to Bank Nifty, Fin Nifty is trading below its critical resistance hurdle at 25,100. Resistance / Stop-Loss Level: 25,100 acts as key resistance and the strict stop-loss for short trades. Trading Strategy: Hold Short: Keep short positions active while trading below 25,100. Long Trigger: Reversal into long trades is recommended only upon a strong breakout above 25,100. F&O top looser was :