Nifty50 opened lower, influenced by declines in sectors like Metal and Oil&Gas, closing at 23,349.90, down 0.72%. Adani stocks faced heavy losses due to bribery allegations against Gautam Adani. Nifty shows support at 23,200 and resistance at 23,500 and a bullish trend is anticipated if stability continues.

Nifty has formed an Inverted Hammer at the support level of 23,500 which is a bullish reversal sign for the Index.

Nifty50 continued to fall for the 7th straight day in a row - falling below the 200DEMA which indicates a bearish market, but as the RSI falls in the Oversold zone there might be a recovery in the Nifty soon.

Nifty is taking support at the 200DEMA line which is near the 23,500 level and as it formed a Spinning bottom on the daily chart, and a hammer on the hourly chart, indicates a coming bullish reversal in Nifty50.

Nifty is down by 10% from its all-time high levels and currently trading below its 200DEMA indicates a long term correction. But as the market is currently in the oversold zone it is expected that the Nifty will likely show a short term recovery.

Index is weak, as it fell to the support level of 23,800 for the second time this month, indicates a very weak market and likely the market will fall further too.

Nifty has taken support at 24,000 level, indicates a potential reversal in the market on Tuesday with resistance stands at 24,500 level.

Nifty faced its third consecutive loss, closing down 36.60 points at 24,435.50, influenced by selling pressure and resistance at the 100 DEMA. Despite this, an Inverted Hammer pattern indicates a potential reversal from the 24,400 support level on Thursday. Strong institutional selling has led to a more than 7% decline since its peak.

Nifty fell by 1.25%, closing at 24,472.10, following bearish patterns and breaking below the strong support of 24,500. Realty, PSE, and Auto sectors were significant losers, while small-cap indices dropped sharply. Support for Nifty still stand at 25,450 level indicating a potential bounce-back expected for October 23, 2024, along with anticipated better banking stock results.

Nifty opened positively but quickly fell after reaching a high of 24,978.30, eventually closing down 0.29%. Influenced by earnings reports. Bearish patterns on the Dourly and the Daily chart suggest a continued decline, with immediate support at 24,700 followed by 24,600 and 24,500 level and resistance at 24,800 and 25,000 mark on 22 October 2024.

Nifty experienced a downturn but found support at 24,550, later rising 0.42% driven by Banking and Metal stocks. It faces resistance at 24,900 but shows bullish signs with a Piercing Candlestick pattern, indicating potential to breach 25,000 mark once again. Market movements remain uncertain due to ongoing earnings reports. Support and resistance levels are 24,500-24,600 and 25,000-25,200.

Nifty is currently consolidating between 24,900 and 25,200, facing resistance at 25,000 and closed the day after a loss of 86 points. The market sentiment appears bearish amid global declines, although a spinning bottom pattern suggests potential upward movement. The weekly expiry may influence volatility, with resistance likely at 25,000 and 25,200.

Nifty has fallen nearly 5% from its peak to 25,000 amid rising Middle East tensions, prompting panic selling. A Hammer Candlestick pattern on the support level suggests a potential reversal. Despite bearish sentiment and heavy selling by FIIs, a recovery is anticipated on 7 October 2024, targeting 25,200, influenced by positive global market conditions.

Nifty has seen a correction of nearly 500 points from its all-time high, closing today below the 25,800 with a minor loss. It is approaching bearish territory, facing resistance at 25,800 and 26,000. Upcoming trading may show volatility due to weekly expiry, with support levels at 25,500 and potential movements towards 26,000.

Nifty displayed notable volatility, and rose 1.48% influenced by a US Fed rate cut and strong FII buying - crossing the 25,800 level. The market anticipates a positive outlook with resistance at 26,000. Key support is at 25,500-25,450 level.