New India Assurance jumps 15.28% and tests 194 resistance

New India Assurance closed up 15.28% at Rs 187.02 with support at 155 and resistance at 218 and 243. The New India Assurance Company Limited [

] rallied as much as 19.58% on 12 October 2026 and closed 15.28% higher at Rs 187.02. It opened at Rs 162.98 and touched a high of Rs 194. Volume jumped well above recent sessions. The rally lifts the stock off the 155 support zone, where it had settled after sliding from the September peak near Rs 243. The stock has reacted to NSE IPO news before. It holds about 1.42% of the exchange and plans to sell up to 1.05 crore shares in the offer. I found no confirmed trigger for today’s move, so treat the news link as background. My view is cautious but constructive. A 15% one day jump needs follow through. The upper wick near 194 shows sellers are active there. A close above 194 would show buyers in control. A close below 155 would erase the move and change my mind. I am watching 194 first, then 218 and 243 as resistance. Support stays at 155. I stay cautious until 194 breaks. Disclosure: I do not hold any position in this stock. This is not a recommendation to buy or sell. Investments in the securities market are subject to market risks, so read all related documents carefully and invest at your own risk.