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Trade Setup For Oct 1: Nifty Near 22,600 Support; Can Oversold Conditions Trigger A Bounce?
NDTV Profit 46 min ago·30 Sept 2026, 5:20 pm
Stocks NDTV Profit
Nifty index is hovering around the 22,600 mark, a technical support level that has held in recent weeks. The market has been trending lower and the index now sits in oversold territory, suggesting a possible short‑term bounce.
For investors, a bounce could protect recent losses and give time for fundamentals to catch up. However, if the support fails, further downside may follow. Watch key levels: 22,600 support, 22,800 resistance, and any news on earnings, policy or global cues.
Keep an eye on volume, open interest in futures and any shift in sentiment indicators. A sustained move above 22,800 could signal a reversal, while a break below 22,500 may trigger additional selling.
Key takeaways
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