Nifty 50 Prediction: Is Another Rally Around the Corner? | 30 Oct 2026 Market Update

What This Video Is About

This video provides a technical update on the Nifty index for October 30, 2026, discussing its current momentum and expected future movement.

Major Ideas Discussed

• The Nifty faced selling pressure at the 23,100 mark, where the 40-day exponential moving average acted as a resistance.
• A potential pullback towards 22,900-22,950 is expected in the next few trading sessions before the Nifty resumes its upward movement.
• The support base has shifted higher from 22,684 to 22,800, which is the 40-hour moving average.
• The Nifty is expected to move higher towards the resistance levels of 23,175 and 23,400.

What to Watch Next

Investors should monitor the Nifty's movement towards the expected resistance levels and the potential pullback towards the support base.