{"id":312411,"date":"2026-10-16T10:01:42","date_gmt":"2026-10-16T04:31:42","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=312411"},"modified":"2026-10-16T10:01:42","modified_gmt":"2026-10-16T04:31:42","slug":"nifty-poised-for-a-strong-uptrend-key-support-and-resistance-levels-to-watch","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/nifty-poised-for-a-strong-uptrend-key-support-and-resistance-levels-to-watch\/","title":{"rendered":"Nifty Poised for a Strong Uptrend? Key Support and Resistance Levels to Watch"},"content":{"rendered":"

The index closed at 22,997.35 on 15 Oct 2026, up 374.65 points or 1.66%, its biggest one day gain in four months. Support sits at 22,776 to 22,900 and resistance at 23,000 to 23,150. The headline says hourly RSI is above 70 for the first time since August, but the closing reading I found was 67.42, so that claim is unverified.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

Nifty rose 1.66% to close at 22,997.35 on 15 October 2026 and finished above its 20 day moving average for the first time since 14 August. Analysts quoted by Business Standard place support at 22,776 to 22,900 and resistance at 23,000 to 23,150, with a break above that zone opening the way to 23,490. The daily RSI was near 49.94 at the close, which leaves room to rise, while the hourly reading was 67.42 against the headline claim of above 70. A strong uptrend is possible, but it is not confirmed until Nifty holds above 23,150.<\/p>\n<\/p><\/div>\n

Nifty ended Thursday at 22,997.35 after opening at 22,671.30, touching a high of 23,056.40 and a low of 22,637.40. The 374.65 point gain was the biggest single day rise in four months, and Nifty is about 3.7% above the 22,180 low of 8 October (my calculation).<\/p>\n

This guide sets out the Nifty support and resistance levels, the momentum signals, the options data and the conflicts I found, so that you can judge whether the uptrend call holds. It is educational and not a recommendation to buy or sell.<\/p>\n

Click Here – Get Free Investment Predictions<\/a><\/strong><\/p>\n

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