Market Outlook – 21 October 2026 ........

Market Outlook – 21 October 2026 Nifty | Sensex | Stocks in Focus Market View: Positive Opening Expected, Volatility Likely Indian equity markets are expected to open on a positive note today, supported by improving global cues and a recovery in Asian markets. GIFT Nifty was trading near 23,028, indicating a gap-up opening of approximately 97 points. Previous Session: Nifty 50: 22,888.95 (-257 points) Sensex: 73,852.90 (-876 points) FII Selling: ₹1,148 crore DII Buying: ₹3,200 crore Nifty Technical Outlook Immediate Support: 22,850–22,900 Major Support: 22,700 Immediate Resistance: 23,175 Next Resistance: 23,300 A sustained move above 23,175 could trigger short covering towards 23,300. Failure to hold 22,900 may invite renewed selling pressure. Stocks to Watch Today 1. Reliance Industries: Jio Platforms IPO opens today. Watch for increased trading activity and institutional interest. 2. IREDA: In focus following corporate developments. Watch for a volume-supported breakout. 3. Adani Green Energy: Quarterly earnings announcement scheduled today. Expect stock-specific volatility. 4. Eternal: Q2 results in focus. Earnings performance and management commentary could drive price action. 5. RailTel: Corporate updates and order-related developments may attract trader attention. Key Market Triggers Positive Asian market sentiment Elevated crude oil prices Q2 corporate earnings FII/DII institutional flows Global geopolitical developments Trading Strategy: Avoid chasing a gap-up opening. Wait for the first 15–30 minutes to assess market direction. Prefer fundamentally strong stocks showing volume-backed breakouts. Overall View: Cautiously positive above 23,000, with stronger bullish confirmation above 23,175. Disclaimer: For educational and research purposes only. Securities markets are subject tois