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Published on 30-10-2026 10:16 am

Nifty

Nifty witnessed a meaningful improvement in sentiment, reclaiming 22865 and closing above its 20 DEMA, thereby strengthening the recovery. The immediate focus shifts to sustaining above 23000, with 23170 (50 DEMA) as the next major hurdle. Technically support has moved higher to 22780, followed by 22700, where maximum Put OI is concentrated. On the Call side, maximum OI at 23000, followed by 23500, indicates overhead supply with confident writing in 23400 strike as well. India VIX declined nearly 7% to 15.12, signalling easing near-term risk perception. Yesterdays strong bullish candle and RSI moving above 50 (50.85) support improving momentum. However, ADX remains above 25, indicating persistent bearish trend strength; the divergence between these indicators warrants caution and suggests scope for volatile, range-bound price action. The recovery has gained credibility, shifting the bias to cautiously positive, but a confirmed trend reversal is still awaited. Sustained buying above 23000 could extend the rebound towards 23170, while a break below 22780 may expose 22700 or even lower levels. Traders should participate selectively, while investors may continue staggered deployment with disciplined risk management. Key range for the day is placed within 22780–23170.

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Published on 30-10-2026 10:15 am

Nifty

Nifty opened on a flat note but buying led the index upwards to end near the high of the day . Nifty closed at 22937 with a gain of 238 points . On the daily chart the index has formed a long Bullish candle forming higher High - Low formation compared to previous session indicates positive bias . The chart pattern suggests that if Nifty crosses and sustains above 22970 level it would witness buying which would lead the index towards 23100 - 23170 levels . Important Supports for the day is around 22800 However if index sustains below 22800 then it may witness profit booking which would take the index towards 22700 - 22650 levels .

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Published on 30-10-2026 10:13 am

Comments:

Nifty weekly contract has the highest open interest at 23500 CE and 22000 PE while monthly contracts have the highest open interest at 23500 CE and 23000 PE. The highest OI addition was seen at 23500 CE and 22800 PE in weekly and at 24000 CE and 22000 PE in monthly contracts. FIIs decreased their future index long holdings by 0.34%, increased future index shorts by 1.06% and in index options, 14.85% increase in Call longs, 13.70% increase in Call short, 1.62% decrease in Put longs and 36.26% increase in Put shorts.

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Published on 30-10-2026 10:12 am

Nifty Outlook

While turbulence is expected early in the day, we will wait for a direct fall below 22715 to abandon upside hopes. That said, we will continue to aim for the 23050 objective pencilled in yesterday, as long as dips are contained above 22820.

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Published on 30-10-2026 10:11 am

US Data – Personal Income and Personal and PCE data

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