Nifty Outlook for 29-Oct-2026 looks Bullish

The Nifty 50 closed at 22,698.85 (down 50.90 points or -0.22%) on Tuesday, October 28, 2026, pinning tightly near the 22,750 strike on monthly expiry day after swinging between an intraday low of 22,497.70 and a high of 22,778.05. 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 44.90 indicates a neutral to bearish trend and the Hourly RSI 14 above the midline 50 levels at 51.60 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 - 22850 Resistance 2 - 22895 Support 1 - 22570 Support 2 - 22530 Happy Learning, Happy Trading and have a wonderful day Top Gainers : APOLLOHOSP, LT, TRENT. Top Losers : INFY, RELIANCE, ONGC.