Ishwar Kathed
7 Oct • 8:15 PM · SEBI-Registered Analyst
Daily Post-Market Report — 7 October 2026
Market Bias: Bearish | Key Trigger: RBI Rate Hike The RBI’s 25-bps repo-rate hike to 5.50% and shift to “calibrated tightening” weighed on equities. Rising crude at $102.04/bbl and a weaker rupee at ₹96.78/$ added to inflation concerns. - Nifty 50: 22,603.05 ▼ 173.05 (-0.76%) - Sensex: 72,638.70 ▼ 429.11 (-0.59%) - Bank Nifty: 55,055.55 ▼ 72.85 (-0.13%) - India VIX: 13.90 ▲ 2.13% Market breadth remained weak: Nifty recorded just 8 gainers vs 42 losers, while NSE-wide advances/declines stood at 1,549/2,043. Sector Watch 🟢 PSU Bank +1.53% — only major sector to finish higher 🔴 Metal -2.37% | Realty -2.23% | Auto -1.75% — biggest drags 🔑 Key Levels for 8 October Index Support Resistance Nifty 22,527 / 22,451 22,698 / 22,794 Bank Nifty 54,681 / 54,306 55,385 / 55,715 Sensex 72,399 / 72,159 72,949 / 73,259 Nifty technical view: RSI at 33 indicates near-oversold conditions, but the index remains below its 20-DMA and 50-DMA. A sustained break below 22,527–22,450 could increase selling pressure. Recovery above 22,698 would provide the first sign of stabilization. 📌 Options Setup Nifty 13 Oct expiry - PCR: 0.64 - Put wall: 22,600 - Call wall: 23,000 - Bias: Bearish / call-writing dominant Bank Nifty 27 Oct expiry - PCR: 1.09 - Put wall: 55,000 - Call wall: 56,000 - Bias: Neutral-to-positive relative strength Sensex 8 Oct expiry - PCR: 0.87 - Put wall: 72,000 - Call wall: 73,000 👀 Tomorrow's Focus TCS results are due on Thursday, 8 October, while the market will also track crude, USD/INR, RBI liquidity conditions and Nifty’s reaction around 22,600.
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