Nifty Outlook for 26-Oct-2026 Looks Range Bound

NIFTY continued its falling streak on the fourth trading session and enters the trading session on October 26, 2026, under strong bearish dominance following a 2.36% weekly decline that settled the index at 22,600.00 on Friday October 23, 2026. 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 42.38 and Hourly RSI 14 at 40.88 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 - 26780 Resistance 2 - 26825 Support 1 - 26440 Support 2 - 26405 Happy Learning, Happy Trading and have a wonderful day Top Gainers : ETERNAL, APOLLOHOSP, ONGC. Top Losers : SHRIRAMFIN, ADANIENT, JSWSTEEL.