Nifty Outlook for October 27: Analysts see 23,000 in sight if index clears 22,800 resistance

Nifty opened 76 points lower and fell to an intraday low of 22,387 within the first 30 minutes of trade. A sharp rebound followed, lifting the Nifty by nearly 300 points over the next half hour. Profit-taking later pared almost 200 points from the intraday swing high, before renewed buying in the second half helped the index recover more than 200 points from its mid-session low and close near the day's high.