Nifty index Technical Outlook for 22 October 2026

Nifty 50 witnessed selling pressure from higher levels during the previous trading session. However, the crucial pivot support at 22,700 once again held firm, triggering buying interest towards the latter part of the session. The index closed above this key support, providing bulls with a near-term advantage. Resistance & Trading Strategy: Despite the recovery, the broader trend remains sideways, with bears likely to maintain a sell-on-rise strategy until Nifty decisively sustains above the psychological 23,000 level. A sustained move above 23,000 could improve bullish momentum, while resistance near 23,200 remains a key upside hurdle. Critical Support & Downside Risk: A decisive breakdown and close below 22,700 would weaken market sentiment, give bears the upper hand, and potentially trigger aggressive selling, accelerating the prevailing corrective trend towards 22,200. Research View: Nifty 50 remains range-bound between 22,700 and 23,000, with 22,700 acting as the crucial make-or-break support. Sustaining above this level favorsNifty 50 witnessed selling pressure from higher levels during the previous trading session. However, the crucial pivot support at 22,700 once again held firm, triggering buying interest towards the latter part of the session. The index closed above this key support, providing bulls with a near-term advantage. R