INDIAN STOCK MARKET OUTLOOK – 13 OCTOBER 2026 NEXGEN RESEAR

INDIAN STOCK MARKET OUTLOOK – 13 OCTOBER 2026 NEXGEN RESEARCH Market View: Cautiously Positive | Volatility Expected Indian equity markets may witness a positive opening today, supported by expectations of a technical recovery after the previous session's decline. However, elevated crude oil prices, geopolitical uncertainty, FII selling and global market trends may keep volatility high. 📈 Nifty 50 Technical Outlook 🔹 Immediate Support: 22,300–22,200 🔹 Immediate Resistance: 22,450–22,550 A sustained breakout above 22,450 may trigger short covering towards 22,550. Conversely, a breakdown below 22,300 could invite fresh selling pressure. 🔥 Key Market Triggers ✅ Q2 FY27 corporate earnings will drive stock-specific movements. ✅ FII selling remains a concern, while DII buying may provide support. ✅ Crude oil prices and rupee movement will influence overall market sentiment. ✅ Banking, IT, energy and auto stocks may remain in focus. 🎯 Stocks to Watch Today HCL Tech: Watch price action following quarterly earnings. Reliance Industries: Crude oil movement and index participation will be important. ONGC & Oil India: Higher crude prices may support upstream companies. HDFC Bank & ICICI Bank: Banking-sector strength will be crucial for market recovery. InterGlobe Aviation: Monitor the impact of elevated fuel costs. 💡 Trading Strategy Avoid aggressive buying at the opening. Wait for the first 15–30 minutes and focus on stocks showing strong volumes and relative strength. Follow strict stop-loss and position-sizing rules. Overall View: Selective buying opportunities may emerge, but confirmation above resistance is essential for a sustained recovery. ⚠️ Disclaimer: For educational and research purposes only. Investments are subject to market risks. NEXGEN RESEARCH | SEBI Registered Research Analyst