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Trade Setup for October 12: Nifty Rebounds; 15 Key Things to Know Before Opening Bell
M
Moneycontrol•11-10-2026, 23:02
Trade Setup for October 12: Nifty Rebounds; 15 Key Things to Know Before Opening Bell
- •The Nifty 50 rebounded sharply by 1.3 percent on October 9 after hitting an 18-month low, forming a Bullish Harami candlestick pattern on daily charts.
- •Nifty needs to sustain levels above 22,800 to target 23,000, while immediate support is pegged at 22,300 followed by 22,180.
- •Bank Nifty rallied 1.36 percent, closing above the 55,200 resistance level and forming a long bullish candle on the daily timeframe.
- •The India VIX volatility index declined by 5.89 percent to 14.37, though it remains in an elevated zone signalling continued caution.
- •Ambuja Cements, Bandhan Bank, and LIC Housing Finance remain under the F&O ban list, while SAIL has been removed.
Key Questions Answered
The Nifty 50 faces resistance based on pivot points at 22,575, 22,642, and 22,751, while immediate support levels are established at 22,356, 22,289, and 22,179.
The volatility index, India VIX, declined by 5.89 percent to close at 14.37, though it remained in an elevated zone and stayed above all key moving averages.
Securities retained under the Futures and Options (F&O) ban include Ambuja Cements, Bandhan Bank, and LIC Housing Finance, with no new stocks added.
