# Nifty Rebound Near After 8-Week Losing Streak

> Nifty technical rebound possible as 8-week losing streak ends.
- Title: Nifty Rebound Near After 8-Week Losing Streak | Shortify
- Summary: Nifty technical rebound possible as 8-week losing streak ends. Nifty may rebound to 23,000 after oversold conditions and support zones.
- Keywords: nifty, technical rebound, 22000 support zone, 23000 target, oversold conditions, 200-week ema, nifty futures, nifty50 stocks, hdfc bank, indian hotel, money, business
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/stocks/news/nifty-under-pressure-after-8-week-losing-streak-but-technical-rebound-may-be-near/articleshow/134683776.cms
- Author: ET Bureau
- Published: 2026-10-05T02:05:00+00:00
- Read time: 1 min
- Topics: nifty, technical rebound, 22000 support zone, 23000 target, oversold conditions, 200-week ema, nifty futures, nifty50 stocks, hdfc bank, indian hotel, money, business
## Nifty extends 8-week losing streak
Nifty extended its losing streak to a record eighth consecutive week, moving closer to a crucial long-term support zone around 22,000, 22,600.

> Nifty extended its losing streak to a record eighth consecutive week
## Technical support at 22,000, 22,600
The index remains under pressure but oversold conditions and support from long-term moving averages and trend lines raise the possibility of a technical rebound.

> oversold conditions and support from long-term moving averages and trend lines
## Nifty strategy for rebound
Nifty has moved closer to the crucial 22,000, 22,200 support zone, which coincides with its 200-week EMA and the lower boundary of the multi-year consolidation range.

> Nifty has moved closer to the crucial 22,000, 22,200 support zone
## Oversold momentum increases rebound chance
Oversold momentum and breadth readings, coupled with historically favourable October seasonality, increase the probability of a recovery.

> Oversold momentum and breadth readings, coupled with historically favourable October seasonality
## Nifty futures trading strategy
Traders can buy Nifty Futures for an upside target of 23,000, 23,300, with a stop loss below 22,000.

> Traders can buy Nifty Futures for an upside target of 23,000, 23,300
## Nifty technical analysis by Asit C Mehta
ROHAN SHAH, SENIOR TECHNICAL ANALYST, ASIT C. MEHTA INVESTMENT INTERMEDIATES.

> ROHAN SHAH, SENIOR TECHNICAL ANALYST, ASIT C. MEHTA INVESTMENT INTERMEDIATES
## Nifty rebound target
The immediate bias remains down, but oscillators on the weekly and daily charts have reached extremely oversold territory after the sharp decline.

> oscillators on the weekly and daily charts have reached extremely oversold territory
## Key takeaway

Nifty may rebound to 23,000 after oversold conditions and support zones.