Daily Technical Outlook 26th October 2026 by Axis Securities Ltd
Nifty
On Friday, the Nifty closed at 22,600, down 88 points. On the daily chart, it formed a bearish candle with a long lower shadow. Meanwhile, the daily RSI is trending lower, signalling strengthening bearish momentum. Over the upcoming sessions, key support is expected around 22,300, with a deeper cushion near 22,100. On the upside, initial resistance stands near 22,800, followed by the psychological 23,000 mark.
Bank Nifty settled at 54,287, shedding 638 points. In the coming trading days, the index is likely to face supply around the 54,700 zone, with further gains capped near 55,000. On the downside, primary support rests at 53,900, below which 53,600 serves as the next critical base.
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