Market Updates: Technical Outlook on Nifty in One Min | Nifty 50 Breakdown! Is 22,500 the Next Stop?

Teji Mandi • 10 days ago

Original source

What This Video Is About

The video discusses the technical update for Nifty as of 21st October 2026, focusing on the market overview and key levels and trends.

Major Ideas Discussed

  • The Nifty has breached its rising channel on the downside, indicating a negative trend.
  • The resistance level has shifted lower from 23,700 to 23,000.
  • The next crucial support level is at 22,550, which is the 61.8% retracement level of the entire 1,000 point rally.
  • A pullback towards 22,920 - 22,950 is expected, but it is likely to attract selling pressure.

What to Watch Next

Investors should monitor the Nifty's movement around the crucial support and resistance levels, as well as the overall market trend, to make informed investment decisions.