GENERAL29 Sept 2026
Nifty 50 monthly expiry prediction today: Check support and resistance levels - What should traders do? | Stock Market News
Nifty 50 fell below 23,000 on 29 September, with the Sensex down 0.19% at 72,633.68. Rising Brent crude near $107 is straining India's import bill and may lift inflation, hurting GDP growth and company profits in FY27. It is monthly expiry day, so expect sharp intraday swings. Short-term traders should watch support and resistance levels closely.
Key Statutory Highlights
- Nifty 50 slipped below the 23,000 mark, and analysts see the trend staying weak unless key resistance is reclaimed.
- Brent crude rose 1.5% to around $107 a barrel, which could push up India's inflation and import bill.
- It is monthly expiry day for index derivatives, when positions are settled or rolled over, so intraday moves can be sharper.
Actionable Advice for Taxpayers / Founders:If you trade short-term, review your open positions before monthly expiry and keep an eye on support and resistance levels; for long-term goals, speak to your advisor before acting on any market dip.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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