Aetram Research India: October 2026

Aetram Research India: NIFTY MEDIA Weekly Sector Outlook - 31.10.2026

Aetram Research India: NIFTY MEDIA Weekly Sector Outlook

Nifty Media Index Holds Above Key Averages; Strength Beyond 1,660 May Extend Upside, While 1,590 Weakness Could Pressure Momentum - 31.10.2026

Current Market Price: 1631.25

Market Prediction:

Nifty Media is holding above its major moving averages, keeping the broader structure constructive despite near-term momentum cooling. RSI remains neutral, while ADX indicates moderate trend strength and MACD is losing pace. A move above 1,660 may restore upside momentum, whereas weakness below 1,590 could trigger deeper consolidation toward support.

Upcoming Events:

Advertising revenue trends may support media earnings – Positive Catalyst
Festive consumption demand may improve sector sentiment – Positive Catalyst
Weak subscriber growth could pressure broadcaster valuations – Negative Catalyst

Major Support and Resistance:

Support: 1605, 1590, 1560
Resistance: 1660, 1690, 1725

Volume Analysis:

Price stability above the moving-average cluster suggests underlying support, but participation remains selective rather than aggressive. A stronger rise in activity near 1,660 would improve upside conviction, while selling pressure below 1,590 may weaken the current structure.

Final Take Away:

Media remains broadly constructive above key averages, though momentum has softened near recent highs. Holding 1,590 preserves the positive structure, while a move above 1,660 could reopen higher levels; failure below support may invite consolidation.

Next Week Prediction:

Next week may remain range-bound with a positive tilt above 1,590, while movement beyond 1,660 could strengthen momentum toward 1,690–1,725 and improve sector leadership.

Scenario-Based Outlook:

Bullish Scenario: Above 1660, price may move toward 1690–1725 zone
Bearish Scenario: Below 1590, downside risk toward 1560–1530 zone
Neutral Scenario: Between 1590–1660, consolidation likely

Disclaimer: This research report is for informational purposes only. This is not an offer to buy or sell securities. Past performance is not indicative of future results. There is no guarantee of returns. Investments in securities are subject to market risks including loss of capital. Investors should consult their financial advisor before making any investment decisions.

Aetram Research India: NIFTY PRIVATE BANK Weekly Sector Outlook - 31.10.2026

Aetram Research India: NIFTY PRIVATE BANK Weekly Sector Outlook

Nifty Private Banks Hold a Mild Positive Edge Above 27,000; Strength Past 27,250 May Extend Gains, While 26,800 Weakness Risks Reversal - 31.10.2026

Current Market Price: 27053.50

Market Prediction:

Nifty Private Bank is holding near its moving-average cluster after a gradual recovery. RSI is supportive, MACD has turned positive and CCI remains firm, while ADX indicates moderate conviction. A push above 27,250 may improve momentum toward 27,500–27,800, whereas weakness below 26,800 could drag the index lower.

Upcoming Events:

SBI results may influence broader banking sentiment – Positive Catalyst
India activity data may support credit outlook – Positive Catalyst
Firm global yields may pressure financial valuations – Negative Catalyst

Major Support and Resistance:

Support: 26800, 26550, 26250
Resistance: 27250, 27500, 27800

Volume Analysis:

Participation remains subdued, suggesting the current recovery is driven more by price stability than aggressive accumulation. A stronger volume build-up above 27,250 would improve confidence, while renewed selling activity below 26,800 may weaken the setup.

Final Take Away:

Private banks are holding a balanced but mildly constructive structure near current levels. The index needs a clean move above 27,250 to strengthen momentum, while a fall below 26,800 may shift control back toward sellers.

Next Week Prediction:

Next week may stay range-bound with a positive tilt above 26,800; movement beyond 27,250 could lift momentum, while support failure may renew downside pressure.

Scenario-Based Outlook:

Bullish Scenario: Above 27250, price may move toward 27500–27800 zone
Bearish Scenario: Below 26800, downside risk toward 26550–26250 zone
Neutral Scenario: Between 26800–27250, consolidation likely

Aetram Research India: NIFTY PSU BANK Weekly Sector Outlook - 31.10.2026

Aetram Research India: NIFTY PSU BANK Weekly Sector Outlook

Nifty PSU Banks Regain Momentum Above 8,200; Strength Beyond 8,350 May Extend Gains, While 8,100 Weakness Could Stall Recovery - 31.10.2026

Current Market Price: 8234.85

Market Prediction:

Nifty PSU Bank has moved back above its key moving-average cluster, signalling improving near-term structure after recent consolidation. RSI remains constructive, MACD is positive and ADX shows strengthening participation. A move above 8,350 may extend gains toward 8,500–8,650, while weakness below 8,100 could weaken momentum.

Upcoming Events:

Public-bank earnings strength may reinforce sector sentiment – Positive Catalyst
Improving credit growth may support PSU bank outlook – Positive Catalyst
Rising bond yields could pressure treasury profitability – Negative Catalyst

Major Support and Resistance:

Support: 8150, 8100, 8000
Resistance: 8350, 8500, 8650

Volume Analysis:

Volume has improved alongside the latest recovery, suggesting better participation as price moved above nearby averages. Continued expansion near 8,350 would strengthen conviction, while heavier selling below 8,100 could signal fading demand and renewed consolidation.

Final Take Away:

PSU Bank has improved its technical position after reclaiming key averages, with momentum gradually shifting towards buyers. Holding above 8,100 keeps the structure constructive, while movement beyond 8,350 may open room toward 8,500–8,650.

Next Week Prediction:

Next week may favour further strength if 8,100 holds, while movement above 8,350 could extend the recovery; failure below support may return range-bound conditions.

Scenario-Based Outlook:

Bullish Scenario: Above 8350, price may move toward 8500–8650 zone
Bearish Scenario: Below 8100, downside risk toward 8000–7900 zone
Neutral Scenario: Between 8100–8350, consolidation likely

Aetram Research India: NIFTY ENERGY Weekly Sector Outlook - 31.10.2026

Aetram Research India: NIFTY ENERGY Weekly Sector Outlook

Nifty Energy Index Holds Fragile Base Near 34,950; Reclaiming 35,800 May Aid Recovery, While 34,500 Loss Risks Fresh Pressure - 31.10.2026

Current Market Price: 34957.90

Market Prediction:

Nifty Energy is defending a fragile base near 34,950 after an extended decline, but price remains beneath major moving averages. RSI is neutral, MACD stays negative and ADX signals weak trend strength. Reclaiming 35,800 could improve recovery scope toward 36,200, while a fall below 34,500 may expose 34,000–33,500.

Upcoming Events:

OPEC+ supply discipline may support energy sentiment – Positive Catalyst
ONGC quarterly results may strengthen upstream confidence – Positive Catalyst
Elevated crude costs may pressure downstream margins – Negative Catalyst

Major Support and Resistance:

Support: 34500, 34000, 33500
Resistance: 35200, 35800, 36200

Volume Analysis:

Volume expanded near recent lows, reflecting active participation during the rebound attempt, but follow-through remains uneven. Fresh accumulation above 35,800 would improve confidence, while heavier selling below 34,500 could indicate renewed distribution across the sector.

Final Take Away:

Energy remains structurally weak, yet the index is attempting to hold a base near current levels. Recovery credibility improves only above 35,800; until then, protecting 34,500 remains important to prevent another move toward 34,000–33,500.

Next Week Prediction:

Next week may remain volatile and range-driven; holding 34,500 supports stabilisation, while movement above 35,800 could shift momentum toward 36,200 and higher resistance.

Scenario-Based Outlook:

Bullish Scenario: Above 35800, price may move toward 36200–36800 zone
Bearish Scenario: Below 34500, downside risk toward 34000–33500 zone
Neutral Scenario: Between 34500–35800, consolidation likely

Aetram Research India: NIFTY METAL Weekly Sector Outlook - 31.10.2026

Aetram Research India: NIFTY METAL Weekly Sector Outlook

Nifty Metal Index Stabilises Above 11,700; Recovery Toward 12,060 Remains Possible, While 11,550 Weakness Could Revive Downside Pressure - 31.10.2026

Current Market Price: 11784.90

Market Prediction:

Nifty Metal is attempting to stabilise after a prolonged decline, with price holding above its short moving average. RSI and CCI remain neutral, while MACD shows early improvement. Weak ADX indicates limited trend conviction. Recovery above 12,060 may strengthen momentum toward 12,300–12,500; below 11,550, downside pressure could return.

Upcoming Events:

China demand improvement may support metal prices – Positive Catalyst
Firm commodity prices could strengthen sector earnings sentiment – Positive Catalyst
Weak global manufacturing activity may pressure metals – Negative Catalyst

Major Support and Resistance:

Support: 11710, 11550, 11350
Resistance: 12060, 12300, 12500

Volume Analysis:

Volume remains moderate after the recent decline, suggesting cautious participation rather than aggressive accumulation. A stronger rise in activity near 12,060 may improve recovery conviction, whereas expanding selling volume below 11,550 could renew bearish pressure.

Final Take Away:

Metal is trying to form stability after sustained weakness, but trend strength remains limited. Holding 11,550 keeps recovery potential alive, while movement above 12,060 could improve structure; failure below support may expose 11,350 again.

Next Week Prediction:

Next week may remain range-oriented between 11,550 and 12,060, with a move above resistance improving recovery prospects, while support failure could revive downside pressure.

Scenario-Based Outlook:

Bullish Scenario: Above 12060, price may move toward 12300–12500 zone
Bearish Scenario: Below 11550, downside risk toward 11350–11150 zone
Neutral Scenario: Between 11550–12060, consolidation likely

Aetram Research India: NIFTY REALTY Weekly Sector Outlook - 31.10.2026

Aetram Research India: NIFTY REALTY Weekly Sector Outlook

Nifty Realty Rebound Holds Above 800; Strength Beyond 827 May Extend Recovery, While 799 Weakness Could Reopen Recent Lows - 31.10.2026

Current Market Price: 813.90

Market Prediction:

Nifty Realty is rebuilding from recent lows, with RSI and CCI improving while MACD turns positive. Price has reclaimed the short moving average but remains below higher averages, keeping the larger structure cautious. A move above 827 may open 840–855, while weakness below 799 could retest lower support zones.

Upcoming Events:

Realty earnings updates may strengthen sector sentiment – Positive Catalyst
Housing finance results may support demand confidence – Positive Catalyst
Higher borrowing costs could restrain property demand – Negative Catalyst

Major Support and Resistance:

Support: 799, 785, 773
Resistance: 827, 840, 855

Volume Analysis:

Recent rebound sessions show selective volume improvement after the sharp decline, but participation is not yet broad enough to confirm a durable reversal. Stronger volume near 827 would improve conviction, while selling below 799 may weaken recovery.

Final Take Away:

Realty is showing early signs of base formation after sustained weakness. Momentum has improved, but overhead averages remain a hurdle. Holding 799 keeps recovery intact, while acceptance above 827 may strengthen the move toward 840–855.

Next Week Prediction:

Next week may favour a recovery attempt above 799, with 827 as the decisive strength level; failure below 799 could return focus toward 785–773.

Scenario-Based Outlook:

Bullish Scenario: Above 827, price may move toward 840–855 zone
Bearish Scenario: Below 799, downside risk toward 785–773 zone
Neutral Scenario: Between 799–827, consolidation likely

Aetram Research India: NIFTY PHARMA Weekly Sector Outlook - 31.10.2026

Aetram Research India: NIFTY PHARMA Weekly Sector Outlook

Nifty Pharma Extends Powerful Recovery Above 27,000; Holding 26,800 Supports Further Upside, While 26,300 Weakness Could Trigger Profit Booking - 31.10.2026

Current Market Price: 27124.85

Market Prediction:

Nifty Pharma has accelerated sharply from recent lows and now trades well above its major moving averages. RSI near 71 signals strong momentum but also elevated conditions. ADX confirms strengthening trend intensity, while MACD remains firmly positive. Holding 26,800 favours 27,400–27,800, whereas 26,300 weakness may invite profit booking.

Upcoming Events:

Sai Life Sciences quarterly results may strengthen sector confidence.
Continued pharmaceutical earnings strength could sustain sector participation
Unexpected regulatory setbacks could trigger selective pharma volatility

Major Support and Resistance:

Support: 26800, 26300, 26000
Resistance: 27400, 27800, 28200

Volume Analysis:

Recent upside acceleration has been accompanied by visibly stronger participation, confirming fresh demand near higher levels. However, elevated momentum warrants caution. Healthy volume above 27,400 may extend strength, while distribution near highs could encourage profit booking.

Final Take Away:

Nifty Pharma currently carries one of the stronger momentum structures, with price firmly above key averages and trend strength expanding. Holding 26,800 keeps buyers dominant, while 27,400 clearance may open further upside toward 27,800–28,200.

Next Week Prediction:

Next week may favour continued Pharma strength while 26,800 holds, though elevated momentum could create volatility; acceptance above 27,400 may extend gains toward 27,800–28,200.

Scenario-Based Outlook:

Bullish Scenario: Above 27400, price may move toward 27800–28200 zone
Bearish Scenario: Below 26300, downside risk toward 26000–25600 zone
Neutral Scenario: Between 26300–27400, consolidation likely

Aetram Research India: NIFTY FMCG Weekly Sector Outlook - 31.10.2026

Aetram Research India: NIFTY FMCG Weekly Sector Outlook

NIFTY FMCG Attempts Base Formation Near 43,600; Move Above 44,450 Could Improve Recovery, While 42,950 Loss May Reopen Weakness - 31.10.2026

Current Market Price: 43609.20

Market Prediction

Nifty FMCG is trying to stabilise after a prolonged decline, with momentum indicators turning firmer from oversold conditions. Price has reclaimed its short average but remains beneath major overhead averages. Acceptance above 44,450 could improve recovery scope toward 45,000–45,600, whereas a fall below 42,950 may restore broader weakness.

Upcoming Events

ITC earnings may strengthen sector sentiment – Positive Catalyst
Festive consumption trends may improve demand outlook – Positive Catalyst
Persistent food inflation may restrict discretionary spending – Negative Catalyst

Major Support and Resistance

Support: 42950, 42400, 42000
Resistance: 44450, 45000, 45600

Volume Analysis

Recent sessions show better participation around the recovery phase, though buying conviction is not yet decisive. Expansion in volume near 44,450 would improve confirmation, while stronger sell-side activity below 42,950 could weaken the developing base.

Final Take Away

FMCG is attempting to build stability after extended selling pressure. The recovery remains incomplete, but holding above 42,950 keeps the base constructive. A move through 44,450 could gradually shift momentum toward 45,000–45,600.

Next Week Prediction

Next week may remain recovery-oriented above 42,950, with 44,450 acting as the key strength trigger for a possible extension toward 45,000–45,600.

Scenario-Based Outlook

Bullish Scenario: Above 44450, price may move toward 45000–45600 zone
Bearish Scenario: Below 42950, downside risk toward 42400–42000 zone
Neutral Scenario: Between 42950–44450, consolidation likely

Aetram Research India: NIFTY AUTO Weekly Sector Outlook - 31.10.2026

Aetram Research India: NIFTY AUTO Weekly Sector Outlook

Nifty Auto Recovery Stalls Below 25,800; Strength Above 25,800 May Extend Gains, While 25,200 Weakness Could Renew Selling - 31.10.2026

Current Market Price: 25422.70

Market Prediction

Nifty Auto is attempting recovery from the 24,500 support base, but price remains below major long-term averages. RSI is neutral, CCI is mildly positive, while MACD momentum is improving. Sustained strength above 25,800 may lift the index toward 26,000–26,500, whereas weakness below 25,200 could revive selling pressure again sharply.

Upcoming Events

October vehicle sales releases may support sector sentiment – Positive Catalyst
Festive demand continuation may strengthen automaker revenue expectations – Positive Catalyst
Higher input costs could pressure automobile margins further – Negative Catalyst

Major Support and Resistance

Support: 25200, 24900, 24500
Resistance: 25800, 26000, 26500

Volume Analysis

Volume improved during recent rebound attempts, but participation remains moderate compared with earlier selling phases. Stronger buying interest above 25,800 may support continuation, while rising sell-side volume below 25,200 could weaken the recovery structure further.

Final Take Away

Nifty Auto shows recovery efforts, but broader structure remains cautious below major averages. Holding 25,200 preserves near-term stability, while sustained strength above 25,800 may improve momentum toward 26,000–26,500; losing support could reopen 24,500 area.

Next Week Prediction

Next week, Nifty Auto may remain range-bound with recovery attempts above 25,200; sustained strength beyond 25,800 could extend gains toward the 26,000–26,500 resistance zone.

Scenario-Based Outlook

Bullish Scenario: Above 25800, price may move toward 26000–26500 zone
Bearish Scenario: Below 25200, downside risk toward 24900–24500 zone
Neutral Scenario: Between 25200–25800, consolidation likely

Aetram Research India: NIFTY IT Weekly Sector Outlook - 31.10.2026

Aetram Research India: NIFTY IT Weekly Sector Outlook

Nifty IT Recovery Remains Intact Above 31,900; Upside Expansion Awaits 32,700 Breakout, While a Fall Below 31,800 May Weaken Sentiment - 31.10.2026

Current Market Price: 32606.90

Market Prediction

Nifty IT remains in a strong recovery phase above key moving averages, with RSI and CCI supporting positive momentum. MACD stays constructive, though ADX indicates only moderate trend strength. Sustained strength above 32,700 may extend the advance toward 33,000–33,500, while weakness below 31,800 could trigger deeper profit booking further ahead.

Upcoming Events

Mphasis earnings may support sector confidence – Positive Catalyst
Infosys investor meetings may improve sentiment – Positive Catalyst
US labour data may pressure valuations – Negative Catalyst

Major Support and Resistance

Support: 31900, 31500, 31000
Resistance: 32700, 33000, 33500

Volume Analysis

Volume expanded during the recent recovery, confirming stronger participation from buyers, although activity has moderated near current highs. Renewed volume above 32,700 could strengthen continuation, while heavier selling below 31,800 may signal near-term distribution pressure.

Final Take Away

Nifty IT retains bullish recovery control with momentum favouring buyers, but the index is approaching an important resistance zone. Holding above 31,800 preserves upside potential, while sustained strength beyond 32,700 may extend gains toward 33,500.

Next Week Prediction

Next week, Nifty IT may retain a positive bias above 31,800, while sustained strength beyond 32,700 could extend recovery toward the 33,000–33,500 resistance zone ahead.

Scenario-Based Outlook

Bullish Scenario: Above 32700, price may move toward 33000–33500 zone
Bearish Scenario: Below 31800, downside risk toward 31500–31000 zone
Neutral Scenario: Between 31800–32700, consolidation likely

Aetram Research India: NIFTY FINANCIAL SERVICES Weekly Sector Outlook - 31.10.2026

Aetram Research India: NIFTY FINANCIAL SERVICES Weekly Sector Outlook

Nifty Financial Services Recovery Faces a Critical Resistance Zone; Sustained Strength Above 25,000 May Unlock Further Upside, While 24,500 Remains Key Support - 31.10.2026

Current Market Price: 24712.20

Market Prediction

Financial Services is recovering from recent lows, with price holding above the fast moving average but still below overhead averages. RSI and CCI remain constructive, while MACD improvement supports recovery. Weak ADX shows limited trend strength. Sustained strength above 25,000 may extend gains, while 24,500 weakness could revive selling pressure.

Upcoming Events

Banking earnings resilience may support sentiment – Positive Catalyst
RBI liquidity signals may support lenders – Positive Catalyst
Firm global yields may pressure valuations – Negative Catalyst

Major Support and Resistance

Support: 24500, 24300, 24100
Resistance: 24900, 25000, 25300

Volume Analysis

Volume improved during the rebound from recent lows, showing renewed participation, but activity remains uneven near overhead resistance. Stronger buying volume above 25,000 could validate recovery, while heavier selling below 24,500 may restore downside pressure.

Final Take Away

Financial Services shows a developing recovery, but broader structure remains restrained below key moving averages. Holding 24,500 keeps recovery prospects intact, while sustained strength above 25,000 may improve momentum toward the next resistance zone ahead.

Next Week Prediction

Next week, Financial Services may retain a cautious recovery bias above 24,500, while sustained strength beyond 25,000 could encourage further upside toward 25,300 next week.

Scenario-Based Outlook

Bullish Scenario: Above 25000, price may move toward 25150–25300 zone
Bearish Scenario: Below 24500, downside risk toward 24300–24100 zone
Neutral Scenario: Between 24500–25000, consolidation likely

Aetram Research India: NIFTY BANK Weekly Sector Outlook - 31.10.2026

Aetram Research India: NIFTY BANK Weekly Sector Outlook

Aetram Research India - BankNifty - Weekly Sector Outlook

Bank Nifty Faces Recovery Pressure Below 55,150; Sustained Strength Could Unlock Further Gains, While 54,400 Risks Fresh Selling - 31.10.2026

Current Market Price: 54686.95

Market Prediction

Bank Nifty is attempting a recovery, but price remains capped below the 54,900–55,150 resistance cluster and broader moving averages. RSI is near neutral, CCI shows modest improvement, while weak ADX signals limited trend strength. Holding 54,400 may preserve recovery chances; sustained strength above 55,150 could improve upside momentum further ahead.

Upcoming Events

Remaining quarterly banking earnings may support sentiment if profitability and asset-quality trends remain resilient – Positive Catalyst
Improvement in domestic liquidity conditions and easing funding pressures could strengthen banking-sector participation – Positive Catalyst
Firm global bond yields or renewed foreign institutional selling may pressure financial stocks and limit recovery momentum – Negative Catalyst

Major Support and Resistance

Support: 54400, 54200, 53800
Resistance: 54900, 55150, 55600

Volume Analysis

Volume participation improved during recent rebound attempts, but follow-through remains inconsistent and selling activity has appeared near overhead resistance. Stronger participation above 55,150 would support recovery, while expanding volume below 54,400 could reinforce downside pressure.

Final Take Away

Bank Nifty shows a fragile recovery within a broader weak structure. Buyers need sustained acceptance above 55,150 to strengthen momentum toward resistance, while failure to protect 54,400 may return control to sellers and deepen downside.

Next Week Prediction

Next week, Bank Nifty may remain range-bound with cautious recovery attempts; holding 54,400 supports stability, while strength above 55,150 may open higher resistance tests ahead.

Scenario-Based Outlook

Bullish Scenario: Above 55150, price may move toward 55600–56000 zone
Bearish Scenario: Below 54400, downside risk toward 54000–53800 zone
Neutral Scenario: Between 54400–55150, consolidation likely

Aetram Research India: NIFTY 50 Weekly Sector Outlook - 31.10.2026

Aetram Research India: NIFTY 50 Weekly Sector Outlook

Nifty Recovery Strengthens Above 22,945; Sustaining 23,150 May Extend Gains, While 22,940 Failure Could Renew Selling Pressure - 31.10.2026

Current Market Price: 23053.10

Market Prediction

Nifty continues to hold a constructive recovery structure above 22,945, supported by improving RSI, CCI and MACD momentum. Price remains above the nearby moving-average cluster, favouring further recovery attempts. Sustained strength above 23,150 may extend toward 23,200–23,360, while weakness below 22,940 could expose 22,830–22,725.

Upcoming Events

India manufacturing and services activity data may strengthen domestic growth sentiment if readings remain firm – Positive Catalyst
Ongoing quarterly earnings from major Indian companies may support index sentiment if profitability and guidance remain resilient – Positive Catalyst
Stronger US employment data could lift bond yields and pressure global equity sentiment through delayed rate-easing expectations – Negative Catalyst

Major Support and Resistance

Support: 22945, 22830, 22725
Resistance: 23150, 23200, 23360

Volume Analysis

Recent recovery has attracted improving participation, with stronger volumes appearing during several upward moves. However, participation remains below earlier high-volume phases. Sustained buying interest above 23,150 may strengthen continuation probability, while expanding selling volume below 22,940 could indicate renewed distribution pressure.

Final Take Away

Nifty has entered a stronger recovery phase with improving momentum and short-term structure favouring buyers. Holding above 22,940 keeps recovery potential intact toward 23,150–23,360, while sustained weakness below this support may reduce bullish momentum and revive broader selling pressure.

Next Week Prediction

Nifty may retain a positive-to-range-bound bias above 22,940 next week, while sustained strength beyond 23,150 could extend recovery toward the 23,360 region.

Scenario-Based Outlook

Bullish Scenario: Above 23150, price may move toward 23200–23360 zone
Bearish Scenario: Below 22940, downside risk toward 22830–22725 zone
Neutral Scenario: Between 22940–23150, consolidation likely

Aetram Research India: NIFTY MEDIA Weekly Sector Outlook - 24.10.2026

Aetram Research India: NIFTY MEDIA Weekly Sector Outlook

Nifty Media Bears Retain Control Below 1,573; Recovery Above 1,585 Could Extend Toward 1,618, While 1,550 Failure Risks 1,525 - 24.10.2026

Current Market Price: 1,563.40

Market Prediction:

Nifty Media remains under bearish pressure after a sharp rejection from the 1,650 region, with price now below major moving average cluster. RSI at 36.13 and CCI at -151.83 signal weak momentum, while ADX at 43.01 confirms strong trend intensity. Recovery requires sustained trade above 1,585; otherwise 1,550 remains vulnerable.

Upcoming Events:

Sun TV Network’s scheduled Q2 earnings on October 30 could improve sector sentiment if operating performance remains resilient. (Positive Catalyst)
Continued profitability weakness across selected media constituents could maintain pressure on sector valuations and investor confidence. (Negative Catalyst)
Stronger advertising and entertainment revenue trends during the festive period could support media-company earnings expectations. (Positive Catalyst)

Major Support and Resistance:

Support: 1,550, 1,525, 1,500
Resistance: 1,573, 1,585, 1,618

Volume Analysis:

Recent selling has accompanied a decisive retreat from higher levels, while the rebound near 1,550 lacks convincing participation. Stronger buying volume above 1,585 would be necessary to validate recovery and reduce prevailing distribution pressure.

Final Take Away:

The sector remains technically fragile below the 1,573–1,585 resistance cluster. Strong ADX confirms meaningful directional pressure, while oversold CCI allows rebound potential. Holding 1,550 can stabilise sentiment, but 1,618 remains the stronger recovery threshold.

Next Week Prediction:

Nifty Media may attempt a technical rebound from 1,550, but sustained strength requires 1,585; failure below 1,550 could reopen downside toward 1,525–1,500.

Scenario-Based Outlook

Bullish Scenario: Above 1,585, price may move toward 1,618–1,650 zone
Bearish Scenario: Below 1,550, downside risk toward 1,525–1,500 zone
Neutral Scenario: Between 1,550–1,585, consolidation likely

Aetram Research India: NIFTY PRIVATE BANK Weekly Sector Outlook - 24.10.2026

Aetram Research India: NIFTY PRIVATE BANK Weekly Sector Outlook

Nifty Private Bank Bears Control Below 27,075; Strength Above 27,300 May Restore Recovery, While 26,500 Loss Risks Deeper Weakness - 24.10.2026

Current Market Price: 26,656.30

Market Prediction:

Nifty Private Bank has slipped beneath its key moving-average cluster after repeated failure near the descending resistance line. RSI at 39.06 keeps momentum weak, CCI at -125.41 reflects selling pressure, and ADX at 34.63 confirms an active trend. Holding 26,500 is crucial; recovery strengthens only above 27,300.

Upcoming Events:

Strong Q2 profitability from major private banks could support selective sector sentiment. (Positive Catalyst)
Persistent margin pressure or weaker loan-growth commentary could restrain private-bank valuations. (Negative Catalyst)
Improving asset quality across leading lenders could encourage renewed institutional interest. (Positive Catalyst)

Major Support and Resistance:

Support: 26,500, 26,250, 26,000
Resistance: 27,075, 27,300, 27,700

Volume Analysis:

Selling pressure expanded during the latest retreat from 27,700, while recovery attempts attracted limited participation. Volume behaviour still favours distribution, and stronger accumulation above 27,075–27,300 is needed before meaningful upside conviction returns.

Final Take Away:

Private banks are testing an important rising structural support after losing the major average cluster. Momentum remains defensive, but 26,500 can still attract buying. A sustained reclaim of 27,300 would materially improve the technical picture.

Next Week Prediction:

The index may remain volatile around 26,500–27,075; defence of support could trigger recovery, while failure may extend weakness toward 26,250–26,000.

Scenario-Based Outlook

Bullish Scenario: Above 27,300, price may move toward 27,700–28,000 zone
Bearish Scenario: Below 26,500, downside risk toward 26,250–26,000 zone
Neutral Scenario: Between 26,500–27,300, consolidation likely

Aetram Research India: NIFTY PSU BANK Weekly Sector Outlook - 24.10.2026

Aetram Research India: NIFTY PSU BANK Weekly Sector Outlook

Nifty PSU Banks Remain Under Pressure Below 8,165; Recovery Above 8,375 Could Strengthen, While 8,000 Loss May Extend Weakness - 24.10.2026

Current Market Price: 8,070.70

Market Prediction:

Nifty PSU Bank is hovering near an important demand zone after surrendering its recent recovery. Price remains below the major average cluster, while RSI at 40.33 and CCI at -84.23 reflect subdued momentum. ADX near 21 signals moderate trend strength. Sustaining above 8,165 may stabilise sentiment; 8,000 remains critical.

Upcoming Events:

Indian Overseas Bank and Bank of Maharashtra quarterly results on October 26 could improve sector sentiment if earnings remain resilient. (Positive Catalyst)
Bank of Baroda’s October 30 quarterly results could support PSU-bank valuations if margins and asset quality remain healthy. (Positive Catalyst)
RBI’s October rate increase to 5.50% may keep funding-cost and margin expectations under scrutiny across lenders. (Negative Catalyst)

Major Support and Resistance:

Support: 8,000, 7,840, 7,700
Resistance: 8,165, 8,375, 8,500

Volume Analysis:

Recent recovery attempts drew improving participation, but renewed selling near 8,300–8,375 prevented sustained follow-through. Volume around the current support area suggests an active battle, with stronger accumulation required before buyers regain convincing control.

Final Take Away:

PSU banks are approaching a decisive support pocket after failing to sustain their recent rebound. Momentum remains soft rather than deeply oversold. Holding 8,000 can preserve recovery prospects, while reclaiming 8,375 would improve broader structure materially.

Next Week Prediction:

Price may remain sensitive around 8,000–8,165; successful defence could encourage recovery toward 8,375, while sustained weakness below 8,000 may expose 7,840–7,700.

Scenario-Based Outlook

Bullish Scenario: Above 8,375, price may move toward 8,500–8,650 zone
Bearish Scenario: Below 8,000, downside risk toward 7,840–7,700 zone
Neutral Scenario: Between 8,000–8,375, consolidation likely

Aetram Research India: NIFTY ENERGY Weekly Sector Outlook - 24.10.2026

Aetram Research India: NIFTY ENERGY Weekly Sector Outlook

Nifty Energy Bears Stay Dominant; Recovery Above 36,330 May Improve Structure, While 34,000 Loss Risks Fresh Pressure - 24.10.2026

Current Market Price: 34,520.05

Market Prediction:

Nifty Energy remains firmly bearish after extending its lower-high, lower-low sequence and staying beneath the major moving-average cluster. RSI at 37.52 and CCI at -138.07 confirm weak momentum, while ADX at 49.23 signals strong trend conviction. Holding 34,000 may invite relief buying; recovery improves above 36,330.

Upcoming Events:

Persistently strong electricity demand and tightening coal inventories may support selected power producers. (Positive Catalyst)
Moderating October spot electricity prices could pressure near-term realisation expectations for merchant-power generators. (Negative Catalyst)
Continued renewable-capacity expansion may strengthen long-term earnings visibility across diversified energy companies. (Positive Catalyst)

Major Support and Resistance:

Support: 34,000, 33,600, 33,000
Resistance: 35,000, 35,685, 36,330

Volume Analysis:

Selling expanded sharply during the latest decline, while the rebound from 34,000 attracted stronger participation. However, volume still reflects defensive positioning, and sustained accumulation above 35,000 is needed before meaningful trend improvement becomes credible.

Final Take Away:

Energy remains one of the weaker sector structures, with price far below its major average cluster and ADX confirming strong bearish control. Oversold momentum may trigger rebounds, but 35,685–36,330 remains the crucial recovery barrier.

Next Week Prediction:

Nifty Energy may attempt recovery from 34,000, but rallies could remain vulnerable below 35,685; renewed weakness under 34,000 may extend toward 33,600–33,000.

Scenario-Based Outlook

Bullish Scenario: Above 35,685, price may move toward 36,330–36,660 zone
Bearish Scenario: Below 34,000, downside risk toward 33,600–33,000 zone
Neutral Scenario: Between 34,000–35,685, consolidation likely

Aetram Research India: NIFTY METAL Weekly Sector Outlook - 24.10.2026

Aetram Research India: NIFTY METAL Weekly Sector Outlook

Nifty Metal Bears Extend Control; Below 11,400 May Expose 11,000, While Recovery Above 11,950 Could Revive Demand Towards 12,350 - 24.10.2026

Current Market Price: 11,478.20

Market Prediction:

Fresh lows have displaced the earlier consolidation, putting Metal stocks under renewed pressure. RSI at 34.49 signals weak momentum without reaching conventional oversold territory. Rising ADX at 38.37 strengthens the bearish interpretation, alongside negative MACD. Holding 11,400 may allow relief; recovery above 11,950 is needed to challenge overhead supply meaningfully.

Upcoming Events:

Further coking coal price increases could compress steelmakers’ operating margins.
Stronger domestic infrastructure demand could cushion steel producers against external weakness.
Continued Chinese demand disappointment could restrain regional steel price recovery.

Major Support and Resistance:

Support: 11,400, 11,200, 11,000
Resistance: 11,950, 12,350, 12,500

Volume Analysis:

The latest slide is not accompanied by an exceptional volume spike relative to earlier trading. Price weakness therefore provides clearer bearish evidence than participation, while a convincing recovery still requires sustained expansion in buying activity.

Final Take Away:

Metal’s failed consolidation has increased the importance of defending 11,400. Weak momentum and strengthening trend intensity favour caution, although temporary rebounds remain possible. Reclaiming 11,950 would be the first meaningful step towards repairing damaged structure.

Next Week Prediction:

Downside pressure may persist beneath 11,950. A sustained loss of 11,400 could expose 11,200–11,000; defending support may permit a rebound towards 11,800 before resistance is tested.

Scenario-Based Outlook:

Bullish Scenario: Above 11,950, price may move toward the 12,350–12,500 zone.
Bearish Scenario: Below 11,400, downside risk toward the 11,200–11,000 zone.
Neutral Scenario: Between 11,400–11,950, consolidation likely.

Aetram Research India: NIFTY REALTY Weekly Sector Outlook - 24.10.2026

Aetram Research India: NIFTY REALTY Weekly Sector Outlook

Nifty Realty Bears Press Towards 770 Support; Further Weakness May Expose 750, While Recovery Above 815 Could Ease Selling Pressure - 24.10.2026

Current Market Price: 784.35

Market Prediction:

Nifty Realty has surrendered its October recovery and slipped beneath earlier support around 800. The latest bounce remains modest, with RSI at 37.23 reflecting weak demand. Negative MACD and ADX at 26.64 favour the prevailing decline. Defending 770 could permit stabilisation; reclaiming 815 may encourage recovery, while failure risks testing 750.

Upcoming Events:

Further lending-rate increases could weaken housing affordability and delay purchase decisions.
Continued construction-cost escalation could pressure margins in forthcoming developer earnings.
Strong festive booking updates could improve confidence in residential demand.

Major Support and Resistance:

Support: 770, 750, 730
Resistance: 800, 815, 835

Volume Analysis:

The latest decline has not produced a standout volume spike compared with earlier activity. This limits any claim of capitulation, while the modest rebound offers insufficient participation to establish a convincing shift towards sustained accumulation.

Final Take Away:

The former 800 support now presents an immediate recovery hurdle. Regaining it would offer initial relief, but 815 remains the stronger confirmation threshold. Continued weakness beneath these levels leaves the recent 770 trough exposed again.

Next Week Prediction:

The 770–800 band may determine initial direction. Sustained recovery above 815 could favour 830–835; slipping below 770 may extend weakness towards 750 during next week.

Scenario-Based Outlook:

Bullish Scenario: Above 815, price may move toward the 830–835 zone.
Bearish Scenario: Below 770, downside risk toward the 750–730 zone.
Neutral Scenario: Between 770–815, consolidation likely.

Aetram Research India: NIFTY PHARMA Weekly Sector Outlook - 24.10.2026

Aetram Research India: NIFTY PHARMA Weekly Sector Outlook

Nifty Pharma Bears Hold Structural Advantage; Above 25,650 May Support 26,200 Recovery, While Below 25,000 Could Extend Losses Toward 24,500 - 24.10.2026

Current Market Price: 25,329.45

Market Prediction:

Nifty Pharma’s rebound from near 25,000 has yet to reverse October’s sequence of lower highs. RSI at 45.26 shows incomplete momentum recovery, while negative MACD maintains caution. ADX at 14.19 suggests limited trend strength. Sustaining 25,000 may encourage consolidation; reclaiming 25,650 could reopen 26,200, whereas failure would expose lower support levels.

Upcoming Events:

Market reaction to Dr Reddy’s earnings could support selective domestic-demand beneficiaries.
Further US revenue weakness in earnings updates could restrain sector valuations.
Any delay resolving semaglutide supply issues could weigh on company sentiment.

Major Support and Resistance:

Support: 25,000, 24,750, 24,500
Resistance: 25,650, 26,200, 26,300

Volume Analysis:

Recent volume is subdued compared with earlier isolated spikes, offering limited confirmation of committed buying near the lows. The rebound therefore needs expanding participation; present activity cannot establish either institutional accumulation or a selling climax.

Final Take Away:

The rebound has bought Pharma some breathing room, although overhead supply remains substantial. A sustained move through 25,650 would improve recovery prospects. Repeated rejection beneath that level would keep the vulnerable 25,000 floor in focus.

Next Week Prediction:

Pharma could oscillate between 25,000 and 25,650 initially. Acceptance above resistance may favour 26,200; losing support would shift attention towards 24,750, then potentially 24,500 thereafter.

Scenario-Based Outlook:

Bullish Scenario: Above 25,650, price may move toward the 26,200–26,300 zone.
Bearish Scenario: Below 25,000, downside risk toward the 24,750–24,500 zone.
Neutral Scenario: Between 25,000–25,650, consolidation likely.

Aetram Research India: NIFTY AUTO Weekly Sector Outlook - 24.10.2026

Aetram Research India: NIFTY AUTO Weekly Sector Outlook

Nifty Auto Bears Retain Control Near Recent Lows; Below 24,500 Risks 24,000, While Above 25,300 May Encourage Recovery - 24.10.2026

Current Market Price: 24,862.30

Market Prediction:

Nifty Auto shares are attempting to defend their previous trough after another unsuccessful recovery. The lower-high sequence remains intact. RSI at 45.13 suggests improving immediate momentum, although MACD stays negative. ADX at 28.39 indicates an established trend. Above 25,300 could allow 25,700; losing 24,500 may reopen 24,000 and extend sector weakness.

Upcoming Events:

Stronger festive deliveries could improve confidence in automobile demand sustainability.
Further steel and freight cost increases could pressure automakers’ margins.
Vehicle price increases could weaken affordability and moderate subsequent bookings.

Major Support and Resistance:

Support: 24,500, 24,000, 23,500
Resistance: 25,300, 25,700, 26,050

Volume Analysis:

Participation has remained relatively restrained during the latest retreat and rebound. No exceptional buying surge confirms accumulation near support. A recovery accompanied by expanding volume would carry greater conviction than the present tentative price response.

Final Take Away:

The repeated return towards 24,500 highlights an increasingly important demand test. Stabilisation remains possible, but buyers must recover 25,300 before the rebound gains credibility. Below support, the descending structure would favour renewed downside price discovery.

Next Week Prediction:

Watch whether 24,500 attracts sustained buying. Reclaiming 25,300 could extend relief towards 25,700; otherwise, renewed weakness may expose 24,000 during the coming week of trading.

Scenario-Based Outlook:

Bullish Scenario: Above 25,300, price may move toward the 25,700–26,050 zone.
Bearish Scenario: Below 24,500, downside risk toward the 24,000–23,500 zone.
Neutral Scenario: Between 24,500–25,300, consolidation likely.

Aetram Research India: NIFTY FMCG Weekly Sector Outlook - 24.10.2026

Aetram Research India: NIFTY FMCG Weekly Sector Outlook

Nifty FMCG Sellers Dominate Despite Tentative Bounce; Below 42,200 Risks 41,500, While Recovery Above 44,050 May Ease Pressure - 24.10.2026

Current Market Price: 42,680.70

Market Prediction:

The bounce from recent lows offers limited relief within FMCG’s persistent descending structure. ADX at 44.95 indicates strong trend intensity, while RSI at 38.23 remains weak despite recovering. Negative MACD reinforces caution. Holding 42,200 may permit stabilisation towards 43,300; sustained improvement requires reclaiming 44,050, otherwise renewed selling remains a risk.

Upcoming Events:

Further commodity price increases could intensify pressure on FMCG profit margins.
Post-festive pricing actions could support margins if consumer demand remains resilient.
Upcoming earnings revealing weaker consumption volumes could undermine sector recovery attempts.

Major Support and Resistance:

Support: 42,200, 42,000, 41,500
Resistance: 43,300, 44,050, 44,650

Volume Analysis:

* Selling has persisted across successive declines, although recent volume bars do not show exceptional capitulation. The latest bounce lacks conspicuous participation, leaving accumulation unconfirmed; stronger volume accompanying sustained gains would improve confidence in recovery attempts.

Final Take Away:

FMCG’s defensive reputation has not prevented sustained price erosion. The immediate task is establishing support around 42,200, followed by recovering 43,300. Until 44,050 is reclaimed, relief rallies remain vulnerable within the prevailing bearish market structure.

Next Week Prediction:

Recovery attempts may encounter supply near 43,300–44,050. Holding 42,200 could encourage base formation; failure would expose 42,000, with 41,500 becoming the next downside reference to monitor.

Scenario-Based Outlook:

Bullish Scenario: Above 44,050, price may move toward the 44,650–44,850 zone.
Bearish Scenario: Below 42,200, downside risk toward the 42,000–41,500 zone.
Neutral Scenario: Between 42,200–44,050, consolidation likely.

Aetram Research India: NIFTY IT Weekly Sector Outlook - 24.10.2026

Aetram Research India: NIFTY IT Weekly Sector Outlook

Nifty IT Bulls Face Profit Booking; Holding 31,500 May Support Recovery Above 32,500, While Failure Risks 31,000 - 24.10.2026

Current Market Price: 31,995.50

Market Prediction:

October’s strong advance has paused near prior supply, leaving Nifty IT above its rising nearest average. RSI at 51.95 suggests cooling momentum rather than oversold conditions. MACD remains positive, but its negative histogram signals fading impetus. Holding 31,500 favours stabilisation; above 32,500 may reopen 33,000, while failure could expose 31,000.

Upcoming Events:

Market reaction to Infosys’ reduced growth guidance could pressure sector valuations.
Follow-through from Infosys’ strong deal bookings could support revenue visibility.
Further AI contract announcements could strengthen confidence in technology spending.

Major Support and Resistance:

Support: 31,500, 31,000, 30,500
Resistance: 32,500, 33,000, 33,500

Volume Analysis:

Recent trading activity shows occasional volume increases during the advance, followed by quieter participation near the peak. The pullback lacks an exceptional volume surge, suggesting profit booking without conclusive evidence of widespread distribution so far.

Final Take Away:

Unlike a confirmed bearish reversal, the current retreat is testing the durability of October’s recovery. Buyers retain a structural foothold above 31,500, but renewed leadership requires stronger momentum and sustained acceptance beyond the 32,500 resistance.

Next Week Prediction:

An initial consolidation around 32,000 appears plausible. Defence of 31,500 could support another 32,500 attempt; losing support may deepen the correction towards 31,000 next week.

Scenario-Based Outlook:

Bullish Scenario: Above 32,500, price may move toward the 33,000–33,500 zone.
Bearish Scenario: Below 31,500, downside risk toward the 31,000–30,500 zone.
Neutral Scenario: Between 31,500–32,500, consolidation likely.

Aetram Research India: NIFTY FINANCIAL SERVICES Weekly Sector Outlook - 24.10.2026

Aetram Research India: NIFTY FINANCIAL SERVICES Weekly Sector Outlook

Nifty Financial Services Remain Under Bearish Pressure; Below 24,300 Risks 24,000, While Reclaiming 25,050 Could Support Recovery Toward 25,400 - 24.10.2026

Current Market Price: 24,403.00

Market Prediction:

Repeated rejection near 25,000 has pushed Financial Services back towards recent lows. Sellers retain the advantage, with RSI at 38.63 and ADX at 30.17 reinforcing directional weakness. A defence of 24,300 could allow temporary relief; below it, 24,000 becomes vulnerable. Reclaiming 25,050 would meaningfully improve the immediate recovery outlook further.

Upcoming Events:

Further liquidity absorption by RBI could pressure financial-sector funding conditions.
Upcoming earnings showing stronger lending margins could encourage selective buying.
Any deterioration in reported asset quality could increase provisioning concerns.

Major Support and Resistance:

Support: 24,300, 24,000, 23,800
Resistance: 24,800, 25,050, 25,400

Volume Analysis:

Recent volume bars remain modest beside earlier spikes, leaving little evidence of forceful accumulation. Participation alone does not establish institutional selling; the stronger bearish evidence comes from repeated failed rebounds and persistent lower price peaks.

Final Take Away:

The sector needs to repair its failed recovery before sentiment can improve sustainably. Holding 24,300 would provide breathing space, but reclaiming 24,800–25,050 remains essential. Continued rejection there would preserve sellers’ advantage and restrict meaningful upside.

Next Week Prediction:

A test of 24,300 looks possible while resistance holds. Below this level, watch 24,000–23,800; sustained acceptance above 25,050 could support recovery towards 25,400 next week.

Scenario-Based Outlook:

Bullish Scenario: Above 25,050, price may move toward the 25,400–25,600 zone.
Bearish Scenario: Below 24,300, downside risk toward the 24,000–23,800 zone.
Neutral Scenario: Between 24,300–25,050, consolidation likely.

Aetram Research India: NIFTY BANK Weekly Sector Outlook - 24.10.2026

Aetram Research India: NIFTY BANK Weekly Sector Outlook

Bank Nifty Bears Tighten Grip; Below 54,000 May Expose 53,500, While Recovery Above 55,450 Could Restore Buying Confidence - 24.10.2026

Current Market Price: 54,287.35

Market Prediction:

A sequence of lower highs leaves Bank Nifty defending its recent support region. RSI at 38.29 and CCI below −100 indicate weak buying conviction, while ADX at 27.65 supports bearish trend strength. Losing 54,000 could expose 53,500; recovery requires reclaiming 55,150 first, followed by sustained acceptance above the 55,450 resistance.

Upcoming Events:

Forthcoming bank earnings showing stronger margins could improve sector sentiment.
Any fresh RBI liquidity support could ease banking funding pressures.
Adverse asset quality disclosures could revive concerns over provisioning requirements.

Major Support and Resistance:

Support: 54,000, 53,500, 53,000
Resistance: 55,150, 55,450, 56,000

Volume Analysis:

An isolated recent volume surge stands above otherwise modest participation, but subsequent weakness undermines its bullish significance. The latest displayed volume offers no convincing accumulation signal; recovery needs broader participation across constituent banks for confirmation.

Final Take Away:

Bank Nifty’s failed rebound has returned attention to capital protection rather than recovery expectations. The 55,150–55,450 supply band remains decisive overhead, while sustained trading below 54,000 would increase vulnerability to another leg of selling pressure.

Next Week Prediction:

Expect a defensive bias while 55,450 caps recovery. Holding 54,000 could encourage stabilisation; losing this floor may bring 53,500, followed by 53,000, into focus again.

Scenario-Based Outlook:

Bullish Scenario: Above 55,450, price may move toward the 56,000–56,500 zone.
Bearish Scenario: Below 54,000, downside risk toward the 53,500–53,000 zone.
Neutral Scenario: Between 54,000–55,450, consolidation likely.

Aetram Research India: NIFTY 50 Weekly Sector Outlook - 24.10.2026

Aetram Research India: NIFTY 50 Weekly Sector Outlook

Nifty Bears Retain Control; Below 22,500 Risks 22,300, While Recovery Above 22,900 May Strengthen Rebound Toward 23,100 - 24.10.2026

Current Market Price: 22,600.00

Market Prediction:

Nifty’s recovery has faltered beneath descending averages, keeping sellers in control. RSI near 46 reflects subdued momentum, while negative MACD reinforces caution. However, ADX near 20 suggests limited directional strength. Holding 22,500 could encourage stabilisation; sustained recovery above 22,900 may improve structure, whereas losing support could expose 22,400 and 22,300.

Upcoming Events:

Upcoming corporate earnings exceeding expectations could support selective index recovery.
Further crude price escalation could intensify inflation and corporate margin concerns.
Any easing in geopolitical tensions could improve domestic equity sentiment.

Major Support and Resistance:

Support: 22,500, 22,400, 22,300
Resistance: 22,760, 22,900, 23,100

Volume Analysis:

Displayed volume remains relatively subdued against earlier isolated spikes, offering insufficient evidence of aggressive accumulation. Recent recovery attempts lack clearly expanding participation; stronger buying volume alongside sustained price improvement would provide more convincing bullish confirmation.

Final Take Away:

The failed recovery leaves Nifty vulnerable beneath 22,760–22,900 resistance. Buyers need sustained acceptance above this band to regain influence. Until then, rebounds remain tentative, with 22,500 determining whether consolidation develops or selling pressure intensifies again.

Next Week Prediction:

Nifty may remain defensive below 22,900, with 22,500 pivotal. Sustained strength could reopen 23,100; a support failure may extend weakness toward 22,400 and then 22,300.

Scenario-Based Outlook:

Bullish Scenario: Above 22,900, price may move toward the 23,100–23,200 zone.
Bearish Scenario: Below 22,500, downside risk toward the 22,400–22,300 zone.
Neutral Scenario: Between 22,500–22,900, consolidation likely.