Nifty Index Technical Outlook of 05th October 2026

Nifty Index continues to trade under pressure after sustaining a breakdown below the 22,600 Pivot, keeping the near-term structure cautious and favouring a range-bound to bearish bias. The immediate focus for today’s trading session will remain on the crucial 22,225 support, which is the key battleground between buyers and sellers. If Nifty manages to hold 22,225 decisively, the oversold condition could trigger a short-covering rally, but any meaningful trend reversal towards the upside will require a strong and sustained breakout above the 22,600 Pivot. Until such a breakout occurs, rallies are likely to face selling pressure near the Pivot zone. If Nifty continues to trade between 22,225 and 22,600, the index is expected to remain in a sideways consolidation phase, with buyers defending support and sellers active near resistance. However, a decisive breakdown below 22,225 would weaken the structure further and could invite fresh short positions, intensifying selling pressure towards the psychological 22,000 level in the coming trading sessions. Therefore, 22,225 should be closely monitored as the key downside trigger, while 22,600 remains the crucial level for any sustainable trend reversal. Overall, the strategy remains sell-on-rise until Nifty decisively reclaims and sustains above 22,600, while traders should closely monitor price action around 22,225 for the next directional move. A sustained recovery above the Pivot could improve sentiment and encourage short covering, whereas a breakdown below support would reinforce the prevailing bearish structure and increase downside risk.