Nifty Prediction : Bulls may try for resilience | Nifty may try for +100 points | Bears remain active
Daily Forecast – Share Market – October 9th, 2026 Bulls may try for resilience | Nifty may try for +100 points | Bears remain active Mercury with Rahu leads the day, well supported by Sun, Moon, Mars, Saturn and Ketu. Keep a watch on news (local and global). News from foreign lands may have impact on the market, whereas DIIs may try to protect the market. But how long DIIs can protect this market? Practically, all verticals are alarming. INR is looking to cross 97 against USD. Crude oil and West Asia issues – disturbing. Even then market may give indications for some recovery from lower levels. That means it’s a tug of war between bulls and bears. At the moment, I believe Bears may have better chances during the period (I am not talking about the day). Possibly some recover from lower levels may be seen, but it will be better to watch the trade with care and protect funds smartly. Importantly, Nifty recovered from 22200 second time. But Bears may try to pull down below 22200. Whereas Nifty may try to look for 22350, but alarming situation is expected. Nifty Banks, IT, Defense and some important group may again show pressure. News and local situation may have impact on the market. I do not feel resilience of the trade may continue for long. Nifty may remain within the range of +/_ 100 points. Possibly some midcaps may remain […]