Date 29.10.2026
Technical Summary Nifty CMP 22698.85
As discussed yesterday market behavior remained on the expected lines during the day, as bears took advantage of the losing momentum by buyers.
Fed Rate Decision on 28 October 2026: If the US Federal Reserve raises interest rates, SIP stoppages could rise and investors may shift from equity mutual funds to bank FDs and bonds, as per market grapevine. Small- and mid-caps remain under severe pressure; avoid catching a falling knife.
The Indian midcap, smallcap and microcap indices have experienced a sharp correction from their September peaks. According to the supplied daily charts, all the indices entered oversold territory on the Relative Strength Index (RSI) and have subsequently recovered from those levels over the past few days.
Executive Summary
The broader futures market continues to display a bearish undertone, with bearish positions significantly exceeding bullish positions.
Indian equity markets were expected to open with limited movement on Thursday as investors assessed the US Federal Reserve’s latest decision to keep interest rates unchanged.
Prospects for renewed negotiations to end the Russia-Ukraine war remain uncertain after the Kremlin said European countries would not participate in the next round of talks.
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