Nifty Outlook for 30-Oct-2026 looks Bullish

Nifty 50 closed strongly bullish at 22,936.75 on October 29, 2026, marking a significant 1.05% gain [+237.90 points] and breaking out of its multi-day consolidation zone. The Daily MACD Histogram is above zero and the Hourly MACD Histogram is also above zero indicating a bullish trend. The Daily RSI 14 above the midline 50 levels at 50.85 and the Hourly RSI 14 above the midline 50 levels at 64.44 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 - 23105 Resistance 2 - 23145 Support 1 - 22820 Support 2 - 22790 Happy Learning, Happy Trading and have a wonderful day Top Gainers : ADANIPORTS, ADANIENT, KOTAKBANK. Top losers : TRENT, MARUTI, BAJAJ-AUTO.