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Sensex likely to find support at 71,000-71,200, Nifty may target 22,800: Analysts
Social News XYZ 4 hrs ago·4 Oct 2026, 8:52 am
Indian equity benchmarks are expected to stabilize around key support levels as market volatility eases. Analysts predict the Sensex may find strong footing between 71,000 and 71,200, while the Nifty 50 index could aim for 22,800. This technical outlook suggests that the recent market dip has likely run its course, offering a potential floor for prices.
For investors, this range indicates a period of consolidation where the market could move sideways before deciding on its next directional move. It signals a pause in the recent downward trend, reducing immediate downside risk. Traders should watch for a decisive breakout above these levels to confirm the next phase of the rally.
Excerpt from Social News XYZ
Posted By: Gopi October 4, 2026 Mumbai, Oct 4 (SocialNews.XYZ) The Indian equity market extended its corrective phase for the eighth consecutive week, with benchmark indices ending sharply lower amid sustained foreign fund outflows, rising crude oil prices and weak global cues. The bearish sentiment persisted…Read the original at Social News XYZ
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