Daily Morning Report – 17/10/25

Daily Morning Report                       Date: 17.10.2025

NIFTY OUTLOOK: 25585.30    FII: Rs. 997.29 cr    DII: Rs. 4076.20 cr

As discussed yesterday, market behaviour remained on expected lines as strong buying pressure and a decisive breakout above the resistance formed on 18th September 2025 propelled Nifty up to 25625.40. On the day of closing, it ended near the high at 25585.30.

A long bullish candle on the daily chart indicates that Nifty has surpassed its earlier resistance, suggesting aggressive buying pressure and continuation of the positive uptrend. If Nifty decisively moves above 25636, it may rally further towards 25687 to 25737. If more demand accelerates, it may even test 25789.

However, the formation of a strong bullish candle also signals that prices are now nearing a resistance zone formed towards the end of June 2025, hinting at possible profit booking. On a decisive breakdown of 25535, Nifty may slip towards 25483 to 25433, and if selling pressure intensifies, it could test 25382.

Bank Nifty OUTLOOK:

SPOT: 57422.55   PCR: 1.16   Max CE OI: 57000   Max PE OI: 57000

On 16th October 2025, Bank Nifty closed at 57422.55 (+622.65 / +1.10%). The total intraday movement was 531.10 points, with a high of 57525.80 and a low of 56994.70.

Technical View:

Important Support: 56900  Important Resistance: 57660

Intraday Support: 57276  Intraday Resistance: 57569

Today’s Intraday Technical Strategy:

Go long above 57569 with SL 57520 and Target 57715.

Go short below 57276 with SL 57325 and Target 57130.

The RSI for Bank Nifty stands at 72.6, indicating overbought conditions (above 70).

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.

No candlestick Pattern was identified in bank nifty.

Macros:

1. Dollar index is @ 97.972
2. S&P 500 is @ 25.31 ( +22.63 % )
3. Crude is @ 60.87
4. US 10 years bond yield is @ 3.95

Note:
U.S. stock index futures edged lower on Thursday after Wall Street closed in the red amid renewed concerns over the health of regional banks and escalating U.S.–China trade tensions, compounded by an ongoing government shutdown.

Regional banking stocks fell sharply after Zions Bancorporation (NASDAQ:ZION) and Western Alliance Bancorporation (NYSE:WAL) reported loan losses linked to potential fraud cases, reigniting fears of weak credit oversight.

Tensions between Washington and Beijing remain elevated as President Donald Trump announced plans to impose an additional 100% tariff on all Chinese imports from next month, following China’s expanded rare earth export restrictions. Meanwhile, the U.S. government shutdown, now entering its third week, continues to hurt sentiment and delay key economic data releases.

As far as Indian markets are concerned, India has begun cutting Russian oil imports by 50% following recent U.S. discussions. This move could pave the way for renewed U.S.–India trade talks, a development that may act as a positive trigger for Indian equities in the coming sessions

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Contributed by
Ashok bhandari : INH000019549
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