Nifty Outlook for 01-Oct-2026 Looks Bearish

Nifty 50 closed Wednesday's session down 0.42% at 22,620.45, extending its slide below the critical technical handle of 23,000 for the third day in a row. The market remains firmly in the grip of the bears, with September locking in a sharp 6% decline, fueled by aggressive and sustained foreign institutional selling. The Daily MACD Histogram is below zero and the Hourly MACD Histogram is above zero and losing strength indicating bearish trend. The Daily RSI is below 30 and the Hourly RSI is below 40 indicating bearish trend. Thus, the overall trend of Nifty looks bearish, and the sellers are in control over the markets. Sell on rise would be the best strategy to deploy for today’s market considering the overall trend of Nifty. We may expect a change in trend only if the price sustains above the resistance level. Can Initiate buying only if prices continue to sustain above the resistance level. I have provided Nifty Spot resistance and support levels which would help you learn in taking informed trading decisions using these levels and understand how support and resistance levels work in financial markets. Nifty Spot Resistance 1 - 22735 Resistance 2 - 22770 Support 1 - 22520 Support 2 - 22490 Happy Learning, Happy Trading and have a wonderful day. Top Gainers : KOTAKBANK, INDIGO, ICICIBANK. Top Losers : APOLLOHOSP, MAXHEALTH, BSE.