Daily Morning Report Date: 09.10.2025
NIFTY OUTLOOK: 25046.15 FII: 81.28 cr DII: 329.28 cr
As discussed yesterday, market behaviour remained on expected lines during the day. Nifty faced resistance near our level of 25200 (made a high of 25192.5), from where profit booking dragged it down to a day’s low of 25008.50 — close to our support of 25018.
Further, a bearish candle with an upper shadow appeared on the daily chart, indicating selling pressure on every rise. If this selling persists, then on a decisive breakdown of 25000, Nifty may slip to 24955–24910. Stronger supply may even push it further down to 24865.
However, on the upside, 25091–25139 may act as immediate resistance. A breakout and sustained move above these levels may push Nifty towards 25183–25227.
BANK NIFTY OUTLOOK:
SPOT: 56018.25 PCR: 1.02 Max CE OI: 57000 Max PE OI: 55000
On 8th October 2025, Bank Nifty closed at 56018.25, down by 221.10 points (-0.39%), with a total movement of 482.60 points during the session. The index made a high of 56303.60 and a low of 55821.
Technical View:
Key support and resistance levels are 55200 and 56350, respectively.
Intraday support and resistance are at 55885 and 56151.
Intraday Technical Strategy:
Go long above 56151 with a stop loss at 56107 and target 56284.
Go short below 55885 with a stop loss at 55930 and target 55753.
The Relative Strength Index (RSI) for the Nifty Bank index stands at 61.0; below 30 is considered oversold and above 70 overbought.
Note:
China has tightened its rare earth export controls, expanding restrictions on processing technology, prohibiting unauthorized overseas cooperation, and signaling its intent to limit exports to foreign defence and semiconductor users. Rare earths are critical components used in electric vehicles, aircraft engines, and military radar systems.
Meanwhile, UK Prime Minister Keir Starmer expressed optimism about the free trade deal with India. Starmer is scheduled to hold bilateral talks with Prime Minister Modi on Thursday, with both sides aiming to ratify and implement the agreement within the next year. Addressing delegates of the trade mission upon arrival in Mumbai, Starmer said he had instructed his team to execute the deal as “quickly as humanly possible.”
Contributed by
Ashok bhandari : INH000019549
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