09 Oct 2026 | 5 Mins Read
Nifty tops 22,500: Analysts debate if rally is sustainable or just a bounce
Flipitmoney
Nifty rebounded above 22,500 on October 9 after previous sharp losses, driven by buying in IT stocks and easing crude prices. Analysts remain cautious, citing 22,600 as immediate resistance and 22,100–22,150 as key support. Sustained moves above resistance could trigger short-covering, while breaks below support may lead to further declines towards 22,000–21,750.