Nifty Prediction for Tomorrow, 23 October: Bulls Eye 26,000 as Uptrend Continues; Key Support and Resistance Levels
Nifty prediction for 23 October 2025: Experts see bullish momentum toward 26,000. Check key Nifty support, resistance, and trading strategy for tomorrow’s session.
Nifty Prediction for Tomorrow, 23 October 2025: Bulls Eye 26,000; Key Support & Resistance Levels
The Nifty 50 index further bolstered the market, registering its fifth consecutive session of higher closing as the special Muhurat Trading was held on Tuesday (October 21). The market analysts are optimistic about the continuation of the bullish trend with the possibility of the index eventually reaching the 26,000 level, although a brief consolidation period might happen shortly.
Nifty, during the Muhurat session, opened at a new 52-week high of 25,934.34 while BSE Sensex reached 84,656.56. Nifty finally met at 25,868.60 with a gain of 25.45 points, and Sensex closed at 84,426.34 with an increase of 62.97 points.
Out of Nifty 50 stocks, 24 were gainers, 25 were losers, and one was a no-move. The major contributors were Cipla, Bajaj Finserv, Infosys, JSW Steel, and Grasim Industries, while among the top losers were Kotak Mahindra Bank, ICICI Bank, Asian Paints, UltraTech Cement, HCL Tech, and Maruti Suzuki.
From the sectors, Nifty Media rose the highest among them all with a 0.56% increase, then came Nifty Metal (0.40%) and Nifty Pharma (0.34%). Nifty Bank on the other hand, closed right below the previous day’s closing price at 58,007.20.
As per the BSE data, foreign institutional investors (FIIs) were net buyers worth ₹96.72 crore, while domestic institutional investors (DIIs) were net sellers of shares worth ₹607.01 crore.
Market Outlook and Expert Views
VK Vijayakumar, Chief Investment Strategist at Geojit Investments, said markets could see a strong rally in Samvat 2082, potentially offsetting last year’s underperformance. He added that in the short term, optimism may rise on the back of a possible India–US trade deal, while long-term trends will depend on corporate earnings growth.
Rupak De, Senior Technical Analyst at LKP Securities, noted that Nifty continues to stay in an uptrend, supported by sustained momentum above its 21-day EMA. “The RSI indicates strong momentum, and the index could rally towards 26,000–26,200 in the coming sessions,” he said. De added that Nifty’s immediate support lies near 25,700.
Dhupesh Dhameja, Derivatives Research Analyst at SAMCO Securities, said that while Nifty looks slightly overstretched, the overall bias remains bullish. “The previous resistance has now turned into a strong support base, and any minor dip continues to attract fresh buying,” he explained.
Nifty Strategy: Buy on Dips
Experts recommend a buy-on-dips strategy, with 25,750–25,650 identified as the key accumulation zone. On the upside, Nifty could face resistance near 25,900, followed by 26,000.
“As long as Nifty sustains above 25,600, the medium-term outlook remains positive,” analysts said.
Next Nifty Target: 26,300?
According to Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, the next key resistance level to watch is 26,300. “The trend remains positive, and any short-term consolidation will likely serve as a buying opportunity. Nifty has immediate support around 25,700,” he noted.
Nandish Shah, Deputy Vice President at HDFC Securities, added that Nifty remains in a strong uptrend, with the only major resistance at the all-time high of 26,277, while 25,600 serves as near-term support.
Nifty Key Levels for October 23, 2025
Support Zones: 25,600 – 25,700
Resistance Levels: 25,900 – 26,000 – 26,300
Market View: Bullish with possible short-term consolidation
