Nifty Outlook for 12-Oct-2026 Looks Range Bound

Nifty 50 closed at 22,520.45 (up 1.30%) on Friday, October 9, 2026, setting up a cautiously positive bias for Monday, October 12, 2026, as long as the index holds above the 22,500 mark. The Daily MACD Histogram is below zero and Hourly MACD Histogram is above zero indicating a tug of war between the buyers and sellers. The Daily RSI is still below 50 and Hourly RSI has crossed and closed above 50 levels and even this indicates a tug of war between the buyers and sellers. Thus the overall trend of Nifty looks to be in a range, and thus the markets might move either side. Buy on dips and 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 below the support level or 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 - 22675 Resistance 2 - 22710 Support 1 - 22410 Support 2 - 22385 Happy Learning, Happy Trading and have a wonderful day Top Gainers : APOLLOHOSP, ITC, EICHERMOT