Overview
- The Nifty fell 176 points to 25,877.85 and the Sensex lost 592.67 points to 84,404.46 on Oct. 30 after a gap-down start and persistent selling at higher levels.
- Brokerages highlight 26,100 as the trigger for a fresh upswing, with a clear break seen retesting the 26,277 high and potentially extending toward 26,500.
- Near-term support is pegged at 25,900–25,800 with a stronger band at 25,700–25,500, while a break below could open further downside toward 25,500.
- Bank Nifty is testing its lower trendline near 58,000, and a move above 58,577 would signal renewed strength toward 59,000–59,300.
- Options data show heavy call interest capping 26,000–26,100 as resistance, as India VIX inched up to 12.07, signaling cautious sentiment.