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Benchmark indices ended lower for the third consecutive day on October 20, with the Nifty at around 19550. At the close, the Sensex was down 231 points at 65397 and the Nifty was down 82 points at 19542. About 1333 stocks rose, 2234 stocks declined and 141 stocks remained unchanged. Amid the volatility and choppy trading, markets came under renewed pressure and closed in the red. Markets experienced pessimism following hawkish comments from the US Federal Reserve Chairman, who suggested that the rate hike would continue to combat inflation. Benchmark indices also remained vulnerable given the simmering geopolitical tensions in the Middle East. Technically, Nifty could find support at the 19501 level while a rise would only be seen if the index clears its biggest hurdle at the 19887 level.

Resistance: 18700, 18800, 18900  

Support: 18600, 18500, 18400