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Can Nifty, Sensex rally further or will bears reign in? 5 factors to decide market action next week
Economic Times 2 hrs ago·18 Oct 2026, 4:45 am
The Indian equity market posted another day of gains on Friday, with the benchmark indices extending their rally for a second straight session. Information‑technology shares led the advance, marking a fourth day of upward movement, while auto, metal and public‑sector bank stocks also added to the buying pressure.
Analysts say the next leg of the rally will depend on whether the Nifty can stay above the technical support band around 22,750‑22,800. Holding that level would suggest that buying interest remains intact, supporting further upside; a break could invite profit‑taking and allow bears to regain momentum.
Investors should keep an eye on upcoming domestic data releases, corporate earnings, and global cues such as US bond yields. A decisive move above the support zone could trigger fresh inflows, whereas a slip below may prompt a short‑covering rally or a pull‑back.
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