Tech Mahindra Ltd. Share Price

Nifty Nears 23,800 Resistance; IT Eyes US Polls

Pre-open cues are mildly negative, with GIFT Nifty down around 70 points. The US midterm results are coming in, with the Democrats reported to be leading. Yesterday Nifty continued its upmove, went above 23,590, came close to 23,750 and ended near 23,730. The index is now inside the 23,760-23,640 pivot cluster, just below a strong resistance at 23,800. That level was the breakdown point on 4 September, after which the index saw a sharp fall. After a few strong sessions, some consolidation or profit booking is possible. A move above 23,800 would bring 23,920 and 24,030 into view. If the resistance holds and the index slips below 23,640, the first support is 23,585 and then the rising window support near 23,350. The first half-hour of trade will be important, and 23,800 is the level to focus on. US election outcomes can influence technology stocks, so large-cap IT names such as

Nifty IT Holds Above Neckline on Weekly Close

Nifty IT closed the week near 32,600, above the neckline of its inverse Head & Shoulders pattern near 32,130. The structure is clear on the weekly chart. There is a left shoulder from March and a head near mid-year marked by a Bullish Hammer. The right shoulder was supported by a Double Bullish Hammer. The 50 SMA near 31,800 now sits just below price, and RSI near 61 shows improving momentum without being overbought. Since today is the weekly close, how the index trades next week after this breakout is worth observing. A sustained hold above the neckline would keep the pattern intact, while a close back below it would weaken the structure. If strength continues, the 200 SMA near 34,460 is the next major reference on the chart, with a falling trendline higher up. After a long weak phase, whether the IT drought ends is the question. Heavyweights like

Sensex Outlook for 30-Oct-2026 looks Bullish

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 53.28 and the Hourly RSI 14 above the midline 50 levels at 65.30 indicate a bullish trend. Thus, the overall trend of Sensex 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 Sensex. 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 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 - 74470 Resistance 2 - 74665 Support 1 - 73875 Support 2 - 73705 Happy Learning, Happy Trading and have a wonderful day Top Gainers : ADANIPORTS, KOTAKBANK, POWERGRID. Top Losers : MARUTI, TECHM, HDFC.

Sensex Outlook for 29-Oct-2026 looks Bullish

The market outlook for BSE Sensex on Thursday, 29 October 2026, points toward a bullish trend for Thursday, 29 October 2026. The index finished lower on Wednesday, down 352.64 points (-0.48%) to close at 73,246.03 almost near the open price, though it notably clawed back over 600 points from its steep intraday low of 72,603.57. 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 46.60 above 40 and below the midline 50 levels indicates a neutral to bearish trend and the Hourly RSI 14 at 49.35 above 40 and below the midline 50 levels indicates a neutral to bearish trend. Thus, the overall trend of Sensex 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 Sensex. 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 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 - 73750 Resistance 2 - 73905 Support 1 - 72785 Support 2 - 72640 Happy Learning, Happy Trading and have a wonderful day Top Gainers : LT, INDUSIND, SBIN. Top Losers : RELIANCE, INFY, TECHM.

Sensex Slides Near 900; L&T Up, Infosys Down

Sensex open: It opened 345.23 points lower at 73,253.44, against Tuesday’s close of 73,598.67. Nifty open: The Nifty50 opened about 0.31% lower at 22,678, against a close of 22,749.75. Selling deepened: By about 10:57 AM the Sensex was down around 886 points (1.2%) at 72,712.71, and the Nifty was down 221 points (0.97%) near 22,528. Top gainer:

BUBBLE IS BURSTING--> KNOW, WHY INDIAN IT IS BOOMING...BUT!

AI FATIGUE HITS KOREA: GOLDMAN SACHS CUTS KOSPI TARGET BY 25% — WHY THIS MATTERS FOR INDIA The AI rally is facing a reality check. But Goldman Sachs still sees significant recovery potential in South Korean equities. Goldman Sachs has cut its 12-month target for South Korea’s benchmark KOSPI index to 9,000 from 12,000, a 25% reduction, as concerns grow over AI valuations, heavy infrastructure spending and the time required to generate returns from that investment. The revised target still implies more than 60% upside from the levels cited in the report. <Cite refs={["turn169652search0","turn169652search1"]}/> 1. Why Has Goldman Cut Its Target? AI spending is enormous — but returns are under scrutiny The global AI boom has fuelled demand for advanced chips, memory and data-centre infrastructure. However, investors are increasingly questioning whether the returns from this investment will justify the cost. --->How Could This Benefit India? The important distinction: a correction in Korean AI stocks does not automatically benefit Indian equities. The potential advantage depends on where global investors move their money and whether India's IT companies can capture more technology spending. Potential areas of opportunity 1. Indian IT services Stocks to watch: TCS, Infosys, HCLTech,