Daily Market Insight - 07th October 2026 by Motilal Oswal Wealth Management
Nifty Technical Outlook
NIFTY (CMP : 22776) Nifty immediate support is at 22600 then 22500 zone while resistance at 22900 then 23000 zones. Now it has to hold above 22700 zones for an upside move towards 22900 then 23000 zones while support can be seen at 22600 then 22500 zones.
Sensex Technical Outlook
SENSEX (CMP : 73067) Sensex support is at 72700 then 72500 zones while resistance at 73300 then 73500 zones. Now it has to hold above 73000 zones for an up move towards 73300 then 73500 zones while supports are shifting higher to 72700 and then 72500 zones.
Bank Nifty Technical Outlook
BANK NIFTY (CMP : 55128) 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 on the downside support is seen at 54750 then 54500 zones.
Midcap100 Index Technical Outlook
Index has formed a Bullish candle accompanied with a Bullish RSI crossover.
Smallcap250 Index Technical Outlook
Index has witnessed an Inside bar Breakout.
Technical Stocks On Radar
LAURUS LABS.
(CMP: 2050 | Mcap: Rs 1,10,764 Cr.)
• Consolidation breakout on daily chart.
• Mechanical Indicator RSI placed perfectly.
• Firmly holding above 20 DEMA.
• Immediate support at 1988.
ENGINEERS INDIA.
(CMP: 313 | Mcap: Rs 17,609Cr.)
• More momentum above 321.5.
• Respecting 50 DEMA .
• Overall Uptrend.
• Immediate support at 303.
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