Nifty Outlook: 25,795.15 FII: Rs.621.51 cr DII: Rs.173.13 cr
(27th – 31st October 2025)
As discussed in the previous report dated 20th October 2025, market behaviour remained on expected lines during the week as the uptrend continued, taking Nifty to our projected level of 26,097 and making a weekly high of 26,104. However, it failed to sustain and slipped to a weekly low of 25,718.
After a prolonged rally, a Gravestone Doji appeared on the weekly chart, indicating a possible reversal as selling pressure rejected further buying. This suggests that sellers are attempting to take control. On a decisive breakdown below 25,670, Nifty may slide further to 25,545–25,420, and if selling deepens, it may even test 25,295.
On the upside, resistance is placed at 25,920–26,045. A sustained move above these levels may push Nifty towards 26,170–26,295.
Bank Nifty Outlook:
Spot: 57,699.60 PCR: 0.83 Max CE OI: 58,000 Max PE OI: 56,000
On 24th October 2025, Bank Nifty closed at 57,699.60, down by 378.45 points (-0.65%). The index moved 750.85 points during the session, making a high of 58,232.90 and a low of 57,482.05.
Technical View:
- Key support and resistance levels are 57,200 and 58,000 respectively.
- Intraday support and resistance are at 57,493 and 57,906 respectively.
Intraday Technical Strategy:
- Go long above 57,906 with a stop loss at 57,837 and target 58,112.
- Go short below 57,493 with a stop loss at 57,561 and target 57,286.
RSI: The Relative Strength Index (RSI) for Bank Nifty is 68.70. Readings below 30 indicate oversold conditions, while above 70 indicate overbought conditions.
Bank nifty Day SMA Analysis:
Bank nifty is trading above 7 out of 8 SMA’s (10, 20, 30, 50, 100, 150, 200 Day).
Bank nifty is trading below 1 out of 8 SMA’s. (5 Day).
One Bearish candlestick Pattern was identified in bank nifty on weekly chart
- Shooting Star
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