Nifty 50 opened at 22,671 on October 15, 2026, and rose to 22,750. The index showed a bullish bias with 27 advances against 23 declines. Tech Mahindra led the gains, while Nifty IT performed well. Experts said the rally in early trade indicates that the bulls are gaining good traction now.
Nifty 50 opened today at 22,671 versus Wednesday's close of 22,623. It extended the gain after opening and is now hovering around 22,750, up about 0.6 per cent.
The advances/declines ratio of the index is now at 27/23, indicating a bullish bias. Tech Mahindra (up 3 per cent) is the top gainer, followed by TCS (up 2.4 per cent). On the other hand, Adani Enterprises (down 1.7 per cent) and Hindalco Industries (down 1.1 per cent) are the top losers.
Nifty IT (up 2.1 per cent) is the top performing sector so far today, whereas Nifty PSU (down 2.5 per cent) is the weakest.
The decline that Nifty 50 and Nifty futures saw yesterday is healthy, particularly the rebound that followed today. The outlook for the day is positive.
Nifty 50 futures
Nifty (Oct) futures opened today's session higher at 22,671, against yesterday's close of 22,649. It rose after opening and is now trading at 22,800, up about 0.7 per cent.
The price action shows that the October futures formed a good base at 22,600 yesterday. The rally in today's early trade indicates that the bulls are gaining good traction now.
So, we anticipate the breakout of the nearest resistance at 22,820 soon. This can trigger a rally to 23,000.
However, if Nifty futures falls off the barrier, it can find support at 22,680 and 22,600. In case the latter is breached, the outlook can turn bearish, potentially leading to a decline to 22,400.
Nevertheless, the prevailing chart set-up shows the probability for a rally is high.
Trading strategy
Buy Nifty (Oct) futures at 22,780. Target and stop-loss can be 22,980 and 22,660 respectively.
If neither target nor stop-loss is triggered today, consider carrying this position for tomorrow.