Nifty Outlook for 02-Nov-2026 looks Bullish

The Nifty 50 closed the previous trading session on Friday, 30 October 2026, at 23,053.10, marking a gain of 0.51%. The index reclaimed the crucial 23,000 mark driven primarily by a narrow rally in IT and pharmaceutical sectors. The Daily MACD Histogram is above zero and the Hourly MACD Histogram is also above zero indicating a bullish trend. The Daily RSI 14 at 53.50 above the midline 50 levels indicate a bullish trend and the Hourly RSI 14 above the midline 50 levels at 62.60 also indicate a bullish trend. Thus, the overall trend of Nifty looks bullish, and the buyers are in control over the markets. Buy on dips 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 below the support level. Can Initiate selling only if prices continue to sustain below the support 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 - 23170 Resistance 2 - 23195 Support 1 - 22875 Support 2 - 22830 Happy Learning, Happy Trading and have a wonderful day Top Gainers : TRENT, INDIGO, INFY. Top Losers : SHRIRAMFIN, NESTLEIND, M&M