The domestic market is set for an active trading session as the Nifty 50 approaches the significant 26,000 mark, a target that traders have closely monitored for several weeks.
Following a strong rally in recent sessions, market sentiment remains positive, bolstered by robust earnings from key sectors and continued foreign investments. However, investors are exercising caution, looking for new indicators for direction.
Rupak De, Senior Technical Analyst at LKP Securities, noted that the Nifty’s immediate resistance appears to be near the 26,000 level. He indicated that in the short term, a rally towards 26,000 or 26,200 seems feasible, while support is positioned at 25,700.
Market analysts also remain optimistic about the long-term outlook for equities. Attention will be focused on upcoming earnings announcements, global market trends, particularly US Treasury yields and crude oil prices.
The performance of Information Technology and banking stocks, which hold substantial weight in the index, will be closely monitored.
On a positive note, equity indices concluded marginally higher during the special Muhurat Trading session on Tuesday. Vinit Bolinjkar, Head of Research at Ventura, expressed a target of 27,600 for the Nifty in the upcoming Samvat period, while projecting the Sensex to reach 90,100 during the same timeframe.
Key factors driving this potential upswing include a domestic consumption-led earnings recovery anticipated in Q3FY26, a likely US-India trade agreement, and supportive fiscal and monetary measures including rate cuts and increased government capital expenditure.
The market will be closed on Wednesday, October 22, 2025, in observance of Balipratipada. In the last trading session, the Nifty finished at 25,868.60, up by 25.45 points or 0.10 percent, while the Sensex closed at 84,426.34, gaining 62.97 points or 0.07 percent.
Published on October 22, 2025.
