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Daily Market Quote: 15 October 2026

Authored By Prime Research | Published at: Oct 15, 2026 04:51 PM IST

Daily Market Quote: 15 October 2026

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Nifty finally witnessed much awaited breakout of crucial overhead resistance of 22800 levels on Thursday and closed the day with hefty gain of 374 points.
A long bull candle was formed on the daily chart that indicates a decisive break out of the consolidation pattern. The formation of back-to-back long bull candles in the span of three sessions confirm possible near term bottom reversal pattern for Nifty at the recent swing low of 22180- 8th October. This is positive indication.
The underlying trend of Nifty has reversed up, and the market is likely to test the next important hurdle around 23100-23200 levels as per the concept of change in polarity. Any weakness from the highs could find support around 22800 levels.
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