Stories
Stock Market Recovery: Banking Stocks Strengthen and Key Support Levels for Nifty and Sensex
N
News18•14-10-2026, 09:00
Stock Market Recovery: Banking Stocks Strengthen and Key Support Levels for Nifty and Sensex
- •Following a strong rally, the status of key indices including Sensex and Nifty has improved from weak to neutral.
- •The Nifty 50 closed higher at 22,721.95 and the Sensex surged to reach 73,033.78 in the previous trading session.
- •Despite the overall market recovery, both major indices remain below their 20-day and 50-day moving averages.
- •Recovery in banking stocks appears much stronger with Nifty Bank trading slightly above its 20-day moving average.
- •Domestic institutional investors made net purchases while foreign institutional investors remained net sellers.
Key Questions Answered
The Nifty 50 closed 1.6% higher at 22,721.95, while the Sensex surged 1.5% to reach 73,033.78. Despite this recovery, both key indices remained below their 20-day and 50-day moving averages.
For Nifty, 22,595 and 22,460 act as crucial support levels, with 22,810 as the first resistance and 23,030 as the next resistance. For Sensex, support levels are at 72,690 and 72,340, while 73,070 and 73,490 serve as the first and second resistances.
Domestic institutional investors (DIIs) made net purchases worth ₹2,439.24 crore during the rally. Conversely, foreign institutional investors (FIIs) remained net sellers, offloading shares worth ₹1,305.13 crore.
