Daily Market Quote: 10 October 2026

Authored By HDFC Sky | Published at: Oct 6, 2026 04:32 PM IST

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The market witnessed a sustainable follow-through upmove on Tuesday and closed the day with handsome gains of 220 points. A long bull candle was formed on the daily chart which signals a confirmation of short-term reversal pattern on the upside. This is positive indication.

On the way up, Nifty could encounter strong overhead resistance around 23000 levels as per change in polarity and surpassing this resistance could confirm significant bottom reversal pattern at the swing lows that formed on 1st Oct at 22217 levels. However, any weakness from here could place Nifty at the immediate support of 22400 levels in the near term.

All eyes on Wednesdays RBI’s mid-quarter policy meet outcome that could add fresh volatility to the market.

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