🚀 Buying Emerges In Nifty: Can It Break 22,850 On Expiry? Ather Energy Jumps 14% & Key Stocks to Watch!

Nifty 22,753.20 ▲ +0.68%
Sensex 73,606.75 ▲ +0.66%
Bank Nifty 54,366.70 ▲ +0.15%

Market Today: Markets Rebound; Key Resistance Levels in Focus

Markets ended in green, recovering from their support levels. Bank Nifty witnessed a volatile session before closing in positive territory, while IT stocks rebounded, led by Coforge, which gained nearly 4.87%.

The indices have bounced from their key support zones, with the next crucial resistance levels placed at 22,850 for Nifty, 54,750 for Bank Nifty, and 74,250 for Sensex. A sustained move could strengthen the near-term recovery.

Here are the key levels to watch for October 27, 2026

Sector & Stock Moves: Where the Action Was?

Dr Reddy led Nifty gainers with 6.62% on strong Q2, while Shriram Finance fell 4.62% after cutting its AUM guidance. Ather Energy jumped 14.13% on strong Q2. ITC Hotels over 5.16% on improved revenue and margins. Graphite India climbed 6.82%, while IOB gained 5.93%.

Meanwhile, AU Small Finance Bank and Dhanlaxmi Bank declined following Q2 results. Supreme Industries slipped 4.13% on reduced guidance, while Tata Consumer fell 2.84% ahead of earnings. 

NIFTY50: Top Gainers

DRREDDY ▲ +6.62%
JSWSTEEL ▲ +6.28%
BSE ▲ +3.97%

NIFTY50: Top Losers

SHRIRAMFIN ▼ -4.62%
TATACONSUM ▼ -2.84%
BAJFINANCE ▼ -1.10%

Let’s also look at the Open Interest insights

Strong put writing at 22,500 (1.73 crore) indicates key support, while significant call writing at 23,000 (1.84 crore) suggests strong resistance. PCR OI stands at 1.1, with 22,500–23,000 emerging as the likely expiry range.

Stocks on the Move

News you can use

• Bank of Maharashtra: Q2 net interest income rose 22% YoY to ₹3,954.4 crore. Net profit increased 41.4% to ₹2,309.6 crore.
• Mankind Pharma: Q2 revenue grew 17.3% YoY to ₹4,338 crore. Net profit rose 39.2% to ₹712 crore.
• Ather Energy: Q2 revenue surged 62.8% YoY to ₹1,464 crore. Net profit stood at ₹1.26 crore against a loss of ₹154 crore.
• ITC Hotels: Q2 net profit rose 52.3% YoY to ₹201 crore. Revenue increased 25.5% to ₹1,054 crore.
• Indian Overseas Bank: Q2 net profit jumped 56% YoY to ₹1,912.4 crore. Net interest income grew 26.4% to ₹3,867 crore.

Chart of the day: CHENNPETRO (Daily TF)

Spotted: Symmetrical triangle

Structure: Price consolidates between converging trendlines, forming LHs-HLs.

Validation: Decisive BO or BD beyond either trendline, supported by a volume spike.

Trading Insight: Signals a potential bullish or bearish move, depending on the breakout direction.

That’s a wrap for today’s action-packed session! We’ll be back in your inbox on October 27, 2026, with more sharp insights, fresh trends, and signals from the markets.