Nifty Today: Support & Resistance Levels, Opening Range & Intraday Analysis
📊 Live Nifty Market Tracker
Previous Session: Thursday, October 15, 2026
Market Status: NSE is open today, Friday, October 16, 2026
Last Updated: October 16, 2026 – 10:20 AM IST
Latest verified market snapshot: Nifty 22,916.70 (Downstox, 9:36 AM IST)
Analysis by: Replete Equities Team
Downstox’s India Markets Monitor showed Nifty at 22,916.70 at 9:36 AM IST on Friday, October 16, down 80.65 points (about 0.35%) from Thursday’s close of 22,997.35. This is a timestamped snapshot, not a live feed.
Thursday’s completed session ended at 22,997.35, up 374.65 points (1.66%). The index traded between 22,637.40 and 23,056.40, after opening at 22,671.30.
Published technical commentary identifies support around 22,875 and 22,800, with resistance around 23,100–23,200. These are analyst reference zones, not guaranteed outcomes or trade recommendations.
Nifty Today: Key Levels at a Glance
| Factor | Level / Reading | What It Means |
|---|---|---|
| Previous Close | 22,997.35 | Thursday closing reference |
| Thursday High / Low | 23,056.40 / 22,637.40 | Previous-session trading range |
| Thursday Open | 22,671.30 | Reported previous-session open |
| Friday Open | Not independently verified | No separately verified opening print in the sources used |
| Friday Range (9:36 AM IST) | 23,076.55 / 22,915.35 | Downstox displayed session high / low |
| Downstox Friday Snapshot (9:36 AM IST) | 22,916.70 | Timestamped market reference |
| Support 1 | 22,875 | Near-term support reference |
| Support 2 | 22,800 | Secondary support reference |
| Extended Support | 22,700–22,600 | Wider downside reference zone |
| Resistance 1 | 23,100 | Immediate recovery hurdle |
| Resistance 2 | 23,200 | Next resistance zone |
Nifty Opening Range and Market Analysis
Friday’s opening print was not independently verified in the sources used. Downstox’s India Markets Monitor showed Nifty at 22,916.70 at 9:36 AM IST, with a displayed session range of 22,915.35–23,076.55. Thursday closed at 22,997.35 after opening at 22,671.30. This is a timestamped snapshot, not a continuously updating quote.
Published technical commentary places support around 22,875 and 22,800, with resistance around 23,100–23,200. A sustained move above 23,100 would improve the recovery setup; failure to hold 22,875 would leave 22,800 as the next downside reference.
Reuters described a muted Friday start, with profit-taking across most sectors partly offset by IT strength. At 9:21 AM IST, thirteen of sixteen major sectors were reported lower; Nifty IT was up 1.3% and Tech Mahindra gained around 3% after earnings. Global yields and crude remain sentiment risks.
| Nifty Price Action | My Interpretation |
|---|---|
| Above 23,200 | Recovery structure improves materially |
| 23,100–23,200 | Major resistance / decision zone |
| 22,800–23,100 | Consolidation and stabilisation area |
| Below 22,800 | Downside pressure may extend toward 22,700–22,600 |
Nifty Intraday Scenarios
Scenario 1: Recovery Above 23,100
If Nifty reclaims 23,100 and sustains, the next resistance reference is the 23,200 zone.
Scenario 2: Consolidation Around 22,800–23,100
Holding above 22,800 would keep a stabilisation scenario in play. Confirmation above resistance matters more than anticipating the first rebound.
Scenario 3: Breakdown Below 22,800
A sustained break below 22,800 would weaken the recovery structure and bring the broader 22,700–22,600 support zone into focus.
My Nifty View
My view is cautious while Nifty trades below the 23,100–23,200 resistance zone. Holding 22,875 would help stabilise the setup; a sustained break below 22,800 would increase downside risk toward 22,700–22,600. Treat the 9:36 AM snapshot as context, not a trade signal.
Frequently Asked Questions About Nifty Today
What are the Nifty support and resistance levels today?
Support is near 22,535, followed by 22,448. Resistance is near 22,734, followed by 22,846.
What is the Nifty intraday outlook?
Downstox showed Nifty at 22,916.70 at 9:36 AM IST on Friday, October 16, down 80.65 points (about 0.35%) from Thursday’s close of 22,997.35. The index was within the displayed morning range of 22,915.35–23,076.55; the quote is timestamped, not a live feed.
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