Analysts see resistance near 22,800 in Nifty on Oct. 6
In short
Analysts said Nifty may face strong resistance near 22,800 in the October 6 outlook.
The report says selling pressure could come from lower highs. It does not say the index level at the open or close, or whether sellers actually stepped in.
What the reporting says
Analysts said Nifty could face strong overhead resistance around 22,800 in the October 6 outlook, according to the market report. The note says selling pressure may emerge from a pattern of lower highs, but it does not state the index’s opening level, close, or whether bears actually used the bounce to sell. The immediate implication is cautious near-term trading.
Why it matters
The Nifty outlook for October 6 points to possible resistance near 22,800, with analysts warning that selling pressure could appear because of lower highs. This is a market view, not a confirmed trade outcome. The report does not state whether the index broke that level, where it opened, or how weekly expiry affected trading.