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Trading Plan: Can Nifty 50 defend 22,500, Bank Nifty hold above 55,000 amid consolidation?
Moneycontrol.com 1 hr ago·8 Oct 2026, 2:00 am
The Indian equity markets are currently navigating a phase of consolidation, with the Nifty 50 index hovering near the critical 22,500 level. This resistance zone is a key psychological barrier that determines whether the broader market can sustain its recent upward momentum or face a pullback. Similarly, the Bank Nifty index is testing its support at 55,000, a level that is vital for maintaining stability in the financial sector.
For investors, this period of sideways movement highlights the importance of risk management. A decisive break above 22,500 could signal the start of a fresh rally, while a fall below it might trigger a deeper correction. Similarly, holding above 55,000 is essential for Bank Nifty to continue its uptrend. Market participants should monitor volume and global cues to gauge the strength of these levels.
Excerpt from Moneycontrol.com
Decisive move above 22,800 could drive Nifty 50 towards 23,000–23,200 resistance Below 22,800, 22,500–22,400 expected to be immediate support 22,200 likely to be crucial support in your portfolio by Vishal Malkan Market participants may remain cautious to negative in the short term as long as the Nifty 50 stays below…Read the original at Moneycontrol.com
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