The Nifty 50 index achieved its highest level in five days on Tuesday, October 21, closing the special Muhurat trading session in green. While the bull market continues, the speculation is that the index will soon test the 26,000 mark; however, a brief pause in the upward trend is not completely ruled out.

📈 Market Recap: Muhurat Trading Session Highlights

The Nifty, which took a 52-week high position of 25,934.34 at the start of the Muhurat Trading session, ended the day at 25,868.60 after a rise of 25.45 points. The Sensex at BSE bounced up by 62.97 points and ended at 84,426.34 after hitting the peak of 84,656.56.

Among the 50 Nifty stocks, 24 stocks were lifted, 25 stocks dragged down, and one stock remained the same. The leading gainers were Cipla, Bajaj Finserv, Infosys, JSW Steel, and Grasim Industries; meanwhile, the laggards were led by Kotak Mahindra Bank, ICICI Bank, Asian Paints, UltraTech Cement, HCL Tech, and Maruti Suzuki.

Among the sectors, Nifty Media topped with a 0.56% rise, then Nifty Metal (0.40%) and Nifty Pharma (0.34%) followed, and Nifty Bank just lost ground to 58,007.20.

The data from BSE shows that Foreign Institutional Investors (FIIs) were net buyers worth ₹96.72 crore, whereas Domestic Institutional Investors (DIIs) sold shares worth ₹607.01 crore.

📊 Expert Views: Bull Run Likely to Continue

VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, expressed that the year Samvat 2082 might bring a powerful rally reversing the last year’s weak performance. “Optimism is growing on the chance of a trade deal between India and the US, but the long-term situation will depend on corporate profits,” he remarked.

Rupak De, Senior Technical Analyst at LKP Securities, pointed out that Nifty is still on a solid upward trend since it is above its 21-day EMA. “Momentum indicators are indicating a range of 26,000–26,200. The near support is at 25,700,” he mentioned.

Dhupesh Dhameja, a Derivatives Analyst at SAMCO Securities, holds the view that the trend is still bullish albeit slightly stretched. “The previous resistance levels are now providing strong support, and the buyers are still waiting for the price to dip,” he said.

💡 Trading Strategy for October 23: Buy on Dips

Market analysts suggest a buy-on-dips tactic and suggest accumulation zones between 25,650 and 25,750. On the upside, resistance is expected to be there around 25,900, then at 26,000 and 26,300.

“Provided that Nifty stays above 25,600, the medium-term outlook remains bright,” analysts have said.

🎯 Next Nifty Target: 26,300 in Sight

As per Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, the 26,300-mark is the next big resistance to watch. “We are looking at the trend being overall positive. Those looking for buy-and-hold can enter any time during this consolidation phase,” he told.

Nandish Shah, Deputy VP at HDFC Securities, likewise shared the sentiment, stating, “Nifty marching upwards strongly with significant resistance at 26,277 (the all-time high) and major support around 25,600.”

📍Key Nifty Levels for October 23, 2025

Support Zones: 25,600 – 25,700

Resistance Levels: 25,900 – 26,000 – 26,300

Market Outlook: Bullish, with mild consolidation possible