Nifty Intraday Analysis for 29th October 2026

NSE:NIFTY The global financial markets are closely watching the US Federal Reserve's Federal Open Market Committee (FOMC) interest rate decision and economic commentary scheduled for tonight, 28 October 2026. A rate hike or hawkish guidance could dampen sentiment, whereas a rate pause or positive economic outlook is likely to trigger a market rally. The upward movement may lead to 22900 – 22950 resistance range and if the index crosses and sustains above this level then may reach near 23150 – 23200 range. On the contrary, The downward moment may drag the Index to 22500 – 22450 support range in downward momentum and if this support is broken then index may tank near 22250 – 22200 range.