Sensex Outlook for 23-Oct-2026 Looks Range Bound

The Sensex outlook for Friday, 23 October 2026, remains cautious and the market is in a range. The index closed down 460.30 points (-0.62%) at 73,249.39 on Thursday, marking its third consecutive session of losses. The Daily MACD Histogram is above zero and Hourly MACD Histogram below zero indicating a tug of war between buyers and sellers. The Daily RSI 14 at 46.46 levels and Hourly RSI 14 is at 43.43 is indicating a neutral to bearish trend. Thus, the overall trend of Sensex 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 Sensex. We may expect a change in trend only if the price sustains below the support level or above the resistance level. I have provided Sensex 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. Sensex Spot Resistance 1 - 73605 Resistance 2 - 73825 Support 1 - 72990 Support 2 - 72835 Happy Learning, Happy Trading and have a wonderful day Top Gainers : BAJFINANCE, ULTRATECHCEM, ICICIBANK. Top Losers : TMPV, RELIANCE, NESTLE.