Daily Morning Report Date: 10.10.2025
NIFTY OUTLOOK: 25181.80 FII 1308.16 cr DII 854.36 cr
As discussed yesterday, market behaviour remained on the expected lines during the day as Nifty broke above the resistance of 25139, pushing the rally up to the next resistance of 25183 (made a high of 25199.25) and closed near it at 25181.80.
A long bullish candle on the daily chart suggests that bulls have regained control after minor profit booking, indicating a resumption of the short-term uptrend. If Nifty continues its upward momentum, it may rally up to 25273–25318 on a decisive breakout above 25227. Stronger demand could extend the move to 25361.
On the downside, 25137–25091 may act as immediate support. A break below these levels and sustained weakness could drift Nifty towards 25047–25000.
BANK NIFTY OUTLOOK:
SPOT: 56192.05 PCR: 1.05 Max CE OI: 57000 Max PE OI: 55000
On October 9th, 2025, Bank Nifty closed at 56192.05 (up 173.80 points / 0.31%). The total intraday movement was 442.35 points, with a high of 56286.25 and a low of 55843.90.
Technical View:
Important support and resistance levels for Bank Nifty are 55200 and 56350 respectively.
Intraday support and resistance levels are 56070 and 56314 respectively.
Today’s Intraday Strategy:
Go long above 56314 with a stop loss at 56273 and target 56435.
Go short below 56070 with a stop loss at 56111 and target 55949.
The Relative Strength Index (RSI) for Bank Nifty is at 62.8. Below 30 is considered oversold and above 70 overbought.
Bank nifty Day SMA Analysis:
Bank nifty is trading above 8 out of 8 SMA’s (5, 10, 20, 30, 50, 100, 150, 200 Day).
Bank nifty is trading below 0 out of 8 SMA’s.
Two candlestick Pattern was identified in bank nifty.
• Engulfing Uptrend
• Inside Uptrend
Macros:
- Dollar index is @ 98.945.
- S&P 500 is @ 16.76 ( +2.94%)
- Brent crude is @ 66.01
- US 10 years bond yield is @ 4.147
Note:
The deadline for the China–US trade deal is nearing, and China has begun applying pressure by announcing export bans on artificial diamonds used in semiconductors and military applications, along with restrictions on five rare earth elements. Both nations are expected to use pressure tactics ahead of the deadline.
Bullions continue their strong run, though some profit booking is likely around or after Diwali as gold futures premiums for far-month contracts begin to decline.
In India, FIIs remain on a selling spree, offloading nearly Rs.1.30 lakh cr in the last four months. Unless the US–India trade deal is finalised, markets are likely to stay range-bound — with FIIs capping upside moves, while DIIs and retail investors prevent a sharp fall.
If the trade deal is delayed further, job losses could mount in sectors heavily impacted by the ongoing tariff tensions.
Contributed by
Ashok bhandari : INH000019549
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