Nifty Outlook for 23-Oct-2026 Looks Range Bound

Nifty closed at 22,687.65 on October 22, 2026, down 0.54% (-123.70 points) after swinging between an intraday low of 22,554.85 and a high of 22,785.00. The Daily MACD Histogram above zero and Hourly MACD Histogram below zero indicates a tug of war between buyers and sellers. The Daily RSI 14 at 43.98 and Hourly RSI 14 at 44.11 indicates a Neutral to Bearish trend. 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 - 22865 Resistance 2 - 22905 Support 1 - 22550 Support 2 - 22520 Happy Learning, Happy Trading and have a wonderful day Top Gainers : BAJFINANCE, CIPLA, ULTRACEMCO. Top Losers : NESTLEIND, ETERNAL, HDFCLIFE.