Daily Market Insight - 22nd October 2026 by Motilal Oswal Wealth Management
Nifty Technical Outlook
NIFTY (CMP : 22811) Nifty immediate support is at 22600 then 22500 zone while resistance at 23000 then 23100 zones. Now till it holds below 22900 zones weakness could be seen towards 22600 then 22500 levels while on the upside hurdles can be seen at 23000 then 23100 zones.
Sensex Technical Outlook
SENSEX (CMP : 73709) Sensex support is at 73400 then 73200 zones while resistance at 74000 then 74200 zones. Now till it holds below 73800 zones, weakness could be seen towards 73400 then 73200 zones while hurdles are seen at 74000 then 74200 zones.
Bank Nifty Technical Outlook
BANK NIFTY (CMP : 54976) Bank Nifty support is at 54500 then 54250 zones while resistance at 55250 then 55500 zones. Now till it holds below 55000 zones weakness could be seen towards 54500 then 54250 zones while hurdles are seen at 55250 then 55500 zones.
Midcap100 Index Technical Outlook
Index has witnessed a range breakdown on daily chart.
Smallcap250 Index Technical Outlook
Index has breached 20 DEMA.
Technical Stocks On Radar
MUTHOOT FINANCE
(CMP: 2490 | Mcap: Rs 99,958Cr.)
• Continuation of downtrend.
• Trading below 20 DEMA
• Mechanical Indicator RSI is placed perfectly.
• Immediate resistance at 2565.
JUBILANT FOOD
(CMP: 405 | Mcap: Rs 26,724Cr.)
• Stock has witnessed a range breakdown on daily chart.
• Facing hurdles at 20 DEMA.
• Bearish Candle.
• Immediate resistance at 418.
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