Stock market outlook today, 21 Oct: Sensex, Nifty prediction - DJIA, S&P, NASDAQ, GIFT Nifty, Kospi, Nikkei, Taiwan cues

What happened: GIFT Nifty signalled a positive open for Indian indices on Wednesday, 21 October, after the Sensex and Nifty closed sharply lower on Monday, snapping a two-session winning streak. Key numbers: Sensex fell 876.37 points, or 1.17%, to 73,852.90. Nifty fell 257.20 points, or 1.11%, to 22,888.95. GIFT Nifty traded near 23,031, up 96 points or 0.41%. KOSPI rose 1.96% to 5,661.72. Why it matters: Analysts cited a bearish engulfing candle on the Sensex and a breach of the 23,000 support on the Nifty, with 22,800 seen as key support and 23,000 to 23,186 as resistance.

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