Nifty Outlook for 05-Oct-2026 Looks Bearish

The Nifty 50 closed the previous trading session sharply lower at 22,421.95, down 198.50 points (-0.88%), extending its corrective phase for an eighth consecutive week. Nifty outlook remains highly cautious due to persistent Foreign Institutional Investor (FII) outflows, surging crude oil prices above and a spike in India VIX +7.64%. The Daily MACD Histogram is below zero and Hourly MACD Histogram is also below zero indicating a bearish trend. The Hourly RSI 14 below 40 and the Daily RSI 14 below 30 also indicates a 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 - 22605 Resistance 2 - 22650 Support 1 - 22285 Support 2 - 22250 Happy Learning, Happy Trading and have a wonderful day. Top Gainers : INFY, HDFCLIFE, HDFCBANK. Top Losers : BAJAJ-AUTO, MARUTI, SHRIRAMFIN.