# Nifty Oversold: Rebound Chances and Cupid Stock

> Nifty dips below key support as oversold conditions hint at rebound.
- Title: Nifty Oversold: Rebound Chances and Cupid Stock · mint
- Summary: Nifty dips below key support as oversold conditions hint at rebound. Nifty 50 fell 3.11% weekly, breaking 200-week moving average for first time since March…
- Keywords: nifty, rbi, cupid, oversold, rebound, stock, market, 200-week ma, money, business, Chances, mint
- Source: mint — https://livemint.com/market/stock-market-news/nifty-prediction-today-oversold-conditions-raise-rebound-chances-how-rbi-policy-will-impact-cupid-top-stock-to-watch-11791160722285.html
- Author: Vaamanaa Sethi
- Published: 2026-10-05T00:47:58+00:00
- Read time: 1 min
- Topics: nifty, rbi, cupid, oversold, rebound, stock, market, 200-week ma, money, business
## Nifty Drops 3.11% Weekly
The Nifty extended its decline for four consecutive sessions, ending every trading session of the last week in the red.
## Nifty Breaches 200-Week MA
The Nifty closed below its 200-week moving average at 22,606.97, the first weekly breach since March 2020.
## Oversold Conditions
The Nifty closed outside the lower Bollinger Band with daily RSI at 22.86, deep in oversold territory.
## Cupid Stock Breakout
Cupid broke out of a seven-week consolidation base with fresh lifetime high and bullish momentum indicators.
## Key Levels to Watch
Thursday’s high of 22,611 is resistance; Thursday’s low of 22,217 is immediate support.
## RBI Policy Impact
RBI Monetary Policy Committee meets October 5-7 with decision on October 7, potentially causing volatility.
## Rebound Potential
Oversold conditions suggest rebound chances if Nifty recovers above 22,600 to 22,850 zone.
## Key takeaway

Nifty 50 fell 3.11% weekly, breaking 200-week moving average for first time since March 2020, with Cupid stock showing bullish momentum.