🚀 Nifty Holds 22,700: What's Next? Bajaj Auto Profit Up 35%, Cohance Breaks Out & Key Levels Inside!

Nifty 22,749.75 ▼ -0.02%
Sensex 73,598.67 ▼ -0.01%
Bank Nifty 53,974.90 ▼ -0.72%

Market Today: Volatile Session; Broader Markets Outperform

Markets witnessed a volatile session. IT stocks faced profit booking, while Financial stocks remained under pressure. Capital market stocks extended gains amid reports surrounding LTCG tax and STT, with BSE rising 2.44%.

After initial volatility, Nifty and Sensex found support near their intraday lows and recovered to close largely flat. For Bank Nifty, 53,700 remains a crucial support level, which needs to hold for near-term stability.

Here are the key levels to watch for October 28, 2026

Sector & Stock Moves: Where the Action Was?

Tata Consumer led Nifty gainers, surging 6.78% on Q2 results. Bharti Airtel gained 3.2% following TRAI subscriber data. Sona BLW surged 8.95%, and Ather Energy extended its post-earnings rally. Auto stocks remained firm, with Bajaj Auto gaining 3.17% and Maruti rising 2.05% following their Q2 results.

On the downside, Aegis Logistics and Mazagon Dock fell following Q2 results. Cipla edged lower, while Apollo Hospitals and Max Healthcare gave up gains amid a Supreme Court drug-pricing case.

NIFTY50: Top Gainers

• TATACONSUM ▲ +6.78%
• BHARTIARTL ▲ +3.20%
• BAJAJ-AUTO ▲ +3.17%

NIFTY50: Top Losers

• ASIANPAINT ▼ -1.94%
• COALINDIA ▼ -1.73%
• GRASIM ▼ -1.67%

Let’s also look at the Open Interest insights

Significant call writing at 22,800 (45.47L) and 23,000 (54.83L) indicates key resistance zones. Put writing at 22,700 (34.06L) and 22,500 (29.14L) suggests immediate support levels. PCR OI stands at 1.0.

Stocks on the Move

News you can use

• Bajaj Auto: Q2 net profit stood at ₹3,354 crore, while revenue reached ₹20,003 crore.
• IndiaMART: Q2 net profit rose 9.8% YoY to ₹90.8 crore. Revenue increased 9.7% to ₹429 crore.
• ACC: Q2 revenue declined 2.4% YoY to ₹5,612 crore. Net profit fell 32% to ₹101 crore.
• Cipla: Q2 revenue declined 2.4% YoY to ₹7,404 crore. Net profit dropped 35% to ₹878 crore.
• Vikram Solar: Secured a 289.87 MWp order from NLC India for a grid-scale solar project in Rajasthan.

Chart of the day: SONACOMS (Daily TF)

Spotted: Parallel channel

Structure: Price moves between parallel trendlines, forming consistent highs and lows.

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

Trading Insight: Signals potential trend continuation or reversal, depending on the breakout direction.

That’s a wrap for today’s action-packed session! We’ll be back in your inbox on October 28, 2026, with more sharp insights, fresh trends, and signals from the markets.