Daily Market Insight - 08th October 2026 by Motilal Oswal Wealth Management
Nifty Technical Outlook
NIFTY (CMP : 22603) Nifty immediate support is at 22500 then 22400 zone while resistance at 22750 then 22850 zones. Now if it crosses and holds above 22650 zones, bounce could be seen towards 22750 then 22850 zones while a hold below the same could see weakness towards 22500 then 22400 zones.
Sensex Technical Outlook
SENSEX (CMP : 72638) Sensex support is at 72300 then 72000 zones while resistance at 73000 then 73300 zones. Now if it crosses and holds above 72800 zones, bounce could be seen towards 73000 then 73300 zones while a hold below the same could see weakness towards 72300 then 72000 zones.
Bank Nifty Technical Outlook
BANK NIFTY (CMP : 55055) Bank Nifty support is at 54750 then 54500 zones while resistance at 55500 then 55750 zones. Now it has to hold above 55000 zones for a bounce towards 55500 then 55750 levels while a hold below the same could see weakness towards 54750 then 54500 zones.
Midcap100 Index Technical Outlook
Index has formed an Inside Bar pattern on daily chart.
Smallcap250 Index Technical Outlook
Index has witnessed Higher lows formation since past 3 sessions.
Technical Stocks On Radar
NATIONALUM FUT SELL 27TH OCT.
(CMP: 322 | Mcap: Rs 59,011 Cr.)
• Range breakdown on daily chart.
• Big Bearish Candle.
• Facing Hurdles at 200 DEMA.
• Immediate resistance at 331.
LEELA PALACES HOTELS.
(CMP: 602 | Mcap: Rs 20,119Cr.)
• Pole and Flag Breakout on daily chart.
• Firmly holding above 50 DEMA .
• Surge in volumes.
• Immediate support at 584. 08
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