Stock Market Prediction for Tomorrow: Nifty Recovers From 22,650 as IT Surges Before Thursday’s Sensex Expiry (22 October 2026)
- September 28, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Nifty 50 22,811.35 (-0.34%). Sensex 73,709.69 (-0.19%). Bank Nifty 54,976.90 (-0.92%). India VIX 15.70. Nifty IT +2.88%. Sensex expiry and Jio IPO day 2 on Thursday.
Quick Answer
The stock market prediction for tomorrow, Thursday, 22 October 2026, is cautious after the Nifty swung 471 points and closed at 22,811.35 (-0.34%). Sensex ended at 73,709.69 (-0.19%) and Bank Nifty at 54,976.90 (-0.92%), while IT stocks rallied 2.88%. Analysts Ankit Jaiswal and Kunal Singla are watching 22,800 on the Nifty and 54,800 on Bank Nifty as the lines that decide Thursday. Sensex options expire tomorrow, which can widen intraday moves.
The stock market prediction for tomorrow begins with a session that went from strength to stress and back again. The Nifty opened at 23,016.00, reached 23,120.90, fell to 22,649.90 and then recovered 161 points from the low into the close.
Ankit Jaiswal, Senior Research Analyst at Univest, flags that the rebound came from IT heavyweights while autos, metals and midcaps stayed weak. Kunal Singla, Associate Director at Univest, suggests watching India VIX, which jumped 6.3% to 15.70, along with the Sensex weekly expiry and day two of the Jio Platforms IPO.
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Wednesday’s Market Recap
- Nifty 50 closed at 22,811.35, down 77.60 points (-0.34%), after trading between 22,649.90 and 23,120.90.
- Sensex ended at 73,709.69, down 143.21 points (-0.19%), with a day range of 73,229.45 to 74,682.19.
- Bank Nifty finished at 54,976.90, down 511.20 points (-0.92%), after touching a high of 55,867.45.
- India VIX rose 6.3% to 15.70, so hedging demand picked up.
- Nifty Midcap 100 fell 1.39%, Nifty Next 50 fell 1.51% and Nifty 500 fell 0.92%.
- On Monday, foreign institutions sold shares worth Rs 1,149 crore while domestic institutions bought Rs 3,201 crore, per provisional exchange data. Markets were shut on Tuesday, and Wednesday’s figures are not yet out.
- Heavily traded: Wipro (about 3.78 crore shares), Eternal (about 3.01 crore) and HDFC Bank (about 2.66 crore).
Infosys rose 3.30% to Rs 1,168.00, Wipro gained 3.86% and TCS added 2.77%, which pushed Nifty IT to a close of 32,422.50, its high for the day. Bajaj Finance lost 3.27% to Rs 926.00 and Axis Bank fell 2.10%. The sector scorecard shows where strength and weakness sat.
| Sector Index | Close | Change |
|---|---|---|
| Nifty IT | 32,422.50 | +2.88% |
| Nifty Pharma | 25,565.90 | -0.19% |
| Nifty PSU Bank | 8,251.50 | -0.51% |
| Nifty FMCG | 43,720.70 | -0.58% |
| Nifty Private Bank | 26,904.35 | -1.05% |
| Nifty Auto | 25,196.65 | -1.54% |
| Nifty Metal | 11,859.55 | -1.71% |
What Is the Stock Market Prediction for Tomorrow?
The stock market prediction for tomorrow is cautious, with the Nifty 50 expected to trade between 22,700 and 23,000 and the Sensex between 73,500 and 74,000 on Thursday. The bias turns constructive only on a close above 23,000, where the heaviest call writing sits, and defensive below 22,650, Wednesday’s low.
Stock Market Prediction for Tomorrow: Index Levels
All three indices recovered well from their lows, which shows dip demand, but none held the morning gains. The levels below combine Wednesday’s price range with where options traders hold the most open interest.
Nifty 50: Cautious
| Index | Close | Support | Resistance |
|---|---|---|---|
| Nifty 50 | 22,811.35 | 22,800 and 22,700 | 22,900 and 23,000 |
On the 27 October series, call writing is heaviest at 23,000 (about 166.8 lakh contracts) and put writing is heaviest at 22,500 (about 87.2 lakh), with a put-call ratio of 0.69. Ankit Jaiswal notes that this is a call-heavy layout, so a rally has to clear 23,000 before the bias improves.
Sensex: Cautious
| Index | Close | Support | Resistance |
|---|---|---|---|
| Sensex | 73,709.69 | 73,500 and 73,229 | 73,800 and 74,000 |
On the weekly series that expires tomorrow, call writing is heaviest at 74,500 and 74,000, put writing is heaviest at 73,000 and 73,500, and the put-call ratio stands at 0.56. Expiry-day positioning can pull the index toward 73,500 to 73,800.
Bank Nifty: Cautious
| Index | Close | Support | Resistance |
|---|---|---|---|
| Bank Nifty | 54,976.90 | 54,800 and 54,500 | 55,000 and 55,500 |
Bank Nifty closed 23 points under the 55,000 strike, which holds about 12.6 lakh calls and 12.7 lakh puts. Kunal Singla observes that the index fell 890 points from its high, so reclaiming 55,000 is the first sign that banks have stabilised.
Stock Market Prediction for Tomorrow: Stocks to Watch
These names carry the most weight for Thursday’s direction, either through Wednesday’s move or an event on the calendar. They are not buy calls, and each should be checked against your own risk plan before acting.
| Stock | Wednesday’s Move | What to Watch on Thursday |
|---|---|---|
| Infosys | +3.30% to Rs 1,168.00 | Q2 results are due on Friday, 23 October. Watch Rs 1,170.90, the day high. |
| Reliance Industries | +0.58% to Rs 1,209.00 | The Jio Platforms IPO continues. Watch Rs 1,199.30, the day low, as support. |
| Axis Bank | -2.10% to Rs 1,210.00 | Extended Monday’s fall. Watch Rs 1,206.70, the day low. |
| Bajaj Finance | -3.27% to Rs 926.00 | Top Nifty loser. Watch Rs 918.70, the day low. |
| Eternal | -2.45% to Rs 312.35 | Q2 results were scheduled for Wednesday. Watch the reaction at the open. |
| UltraTech Cement | +1.87% to Rs 10,849.00 | Rose after Q2 numbers. Watch Rs 10,959, the day high. |
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Global Cues Affecting the Stock Market Prediction for Tomorrow
- Wall Street rose on Tuesday: the Dow gained 1.02% to 52,495.88 and the S&P 500 gained 0.28% to 7,712.57, while the Nasdaq Composite slipped 0.02%.
- The US 10-year Treasury yield eased to 5.12%, and megacap technology earnings arrive after the US close on Wednesday.
- Brent crude traded near 110 dollars on Wednesday morning, still a risk for India’s import bill and the rupee.
- Asian markets were firm on Wednesday: South Korea gained 4.33% and Japan’s Nikkei gained 1.25%.
- GIFT Nifty on Thursday morning will show how the Wednesday night US session was priced in.
Key Events and Triggers for Thursday
- Sensex weekly options expiry on Thursday, 22 October.
- Company calendars list Adani Energy Solutions, HPCL, Havells India, Swiggy and Colgate-Palmolive for Q2 results on Thursday, and Infosys, Tata Motors and JSW Steel for Friday. Dates can change.
- Jio Platforms IPO day two: the issue was 2.22 times subscribed by 2:40 PM on day one, with qualified institutions at 6.72 times, non-institutional investors at 0.86 times and retail investors at 0.57 times.
- Reaction to Wednesday’s Eternal result and Bajaj Finance’s fall.
- Foreign institutional flows, last seen at a net sale of Rs 1,149 crore on Monday.
Stock Market Prediction for Tomorrow: Sectors to Watch
- IT: Nifty IT gained 2.88% and closed at its day high. Watch whether it holds ahead of Infosys results on Friday.
- Autos and metals: Down 1.54% and 1.71%. Both are sensitive to crude and global demand news.
- Private banks: Down 1.05%. Watch whether Axis Bank and HDFC Bank find support near Wednesday’s lows.
Stock Market Prediction for Tomorrow: Strategy for Traders
- Check GIFT Nifty first on Thursday, because a US session will have passed since the Indian close.
- Treat 22,800 on the Nifty and 54,800 on Bank Nifty as working reference lines, and size positions so that a break does not hurt.
- Watch India VIX. A move above 17 would signal that hedging demand is rising.
- Keep position sizes modest on Sensex expiry day, because option premiums can swing quickly.
Check live Nifty 50, Sensex and Bank Nifty levels on the Univest Screener
What Does Market Sentiment Indicate for the Stock Market Prediction for Tomorrow?
Sentiment is wary but not panicked. India VIX rose to 15.70, the Nifty put-call ratio of 0.69 on the October series shows far more call than put open interest, and foreign investors sold Rs 1,149 crore on Monday.
Ankit Jaiswal suggests treating 23,000 as the first confirmation level for the Nifty, since calls build heavily there. Kunal Singla flags that Bank Nifty’s put-call ratio of 0.88 shows a balanced market waiting for a trigger.
A market that recovers from a 160-point dip into the close often tests the same low again the next day. That is why the analysts frame Thursday as a test of 22,650.
Risks to This Stock Market Prediction for Tomorrow
- A weak Wall Street close after megacap earnings could weigh on Thursday’s open and on IT stocks.
- Crude oil near 110 dollars adds to inflation and rupee pressure, which weighs on large caps.
- Sensex expiry-day volatility can push indices through levels briefly before reversing.
- On the upside, a strong response to the Jio IPO or a drop in crude could lift sentiment faster than expected.
Conclusion
The stock market prediction for tomorrow is cautious, with 22,800 on the Nifty 50, 73,500 on the Sensex and 54,800 on Bank Nifty as the levels to protect. Ankit Jaiswal and Kunal Singla suggest treating moves above 23,000 as relief and a break below 22,650 as a warning. Market patterns are not guarantees, so plan for both outcomes.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is the stock market prediction for tomorrow, Thursday, 22 October 2026?
Ans. The view is cautious with a pocket of strength in IT. Nifty 50 closed at 22,811.35 (-0.34%), Sensex at 73,709.69 (-0.19%) and Bank Nifty at 54,976.90 (-0.92%), so analysts are watching 22,800 on the Nifty and 54,800 on Bank Nifty as the lines for Thursday.
What are the Nifty 50, Sensex and Bank Nifty support and resistance levels for tomorrow?
Ans. Nifty 50 support is 22,800 and 22,700, with resistance at 22,900 and 23,000. Sensex support is 73,500 and 73,229, with resistance at 73,800 and 74,000. Bank Nifty support is 54,800 and 54,500, with resistance at 55,000 and 55,500.
Why did the stock market fall on Wednesday, 21 October 2026?
Ans. The indices slipped because the sell-off in autos, metals, midcaps and private banks outweighed a strong IT rally. Nifty Auto fell 1.54%, Nifty Metal fell 1.71% and Axis Bank fell 2.10%, while Nifty IT gained 2.88%. India VIX rose 6.3% to 15.70.
Is tomorrow an expiry day for Sensex options?
Ans. Yes. The Sensex weekly options series expires on Thursday, 22 October 2026. The Nifty and Bank Nifty monthly series expire on Tuesday, 27 October.
Which stocks are on the watchlist for tomorrow?
Ans. Infosys, Reliance Industries, Axis Bank, Bajaj Finance, Eternal and UltraTech Cement are the names flagged for Thursday. These are watchlist ideas, not buy calls, and each should be checked against your own risk plan.
Is this stock market prediction for tomorrow investment advice?
Ans. No. These are educational views from SEBI-registered research analysts at Univest, built on closing data and options positioning. Please consult a SEBI-registered advisor and check every level against your own risk plan before acting.
