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Trading Plan: Can Nifty 50, Bank Nifty rebound sharply after a day of heavy selling?
Moneycontrol.com 1 hr ago·9 Oct 2026, 2:08 am
Yesterday the Indian equity market experienced a broad sell‑off, with the Nifty 50 and its banking counterpart, Bank Nifty, slipping sharply across the session. The decline was driven by a mix of profit‑booking after recent rallies, concerns over global cues and a dip in foreign institutional inflows. The sell‑off was one of the steeper moves in recent weeks, leaving both indices near key technical support zones.
A quick bounce could signal that the market has found a floor, but investors will be watching several factors before committing to a new direction. Upcoming macro data such as GDP growth, RBI policy statements, and corporate earnings reports will likely shape sentiment, while global risk appetite and oil price movements could add further volatility. Traders may also keep an eye on volume patterns and whether the indices can hold above the identified support levels.
Excerpt from Moneycontrol.com
Nifty 50 may face resistance in 22,350-22,500 zone, followed by 22,600-22,800 On downside, Thursday's low expected to provide immediate support Break below Thursday's low could open door for further decline towards 22,000 in your portfolio by Vishal Malkan After heavy selling in the previous session, driven by…Read the original at Moneycontrol.com
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