NIFTY OUTLOOK: 25597.65 FII: -₹1067.01 cr DII: +₹1202.90 cr
As discussed earlier, market behaviour remained on the expected lines during the day as Nifty failed to witness follow-through buying and slipped to a day’s low of 25578.4, close to our projected level of 25560.
A bearish candle formed on the daily chart indicates continued selling pressure, as Monday’s brief buying attempt was negated by sellers. If Nifty continues its bearish momentum and decisively breaks below 25547, it may slide further towards 25495–25445. A deeper sell-off could take it down to 25393.
On the upside, 25649–25700 may act as immediate resistance. A breakout and sustained move above this zone can push Nifty higher towards 25751–25803.
BANK NIFTY OUTLOOK:
Spot: 57827.05 PCR: 0.82 Max CE OI: 58000 Max PE OI: 58000
On 4th November 2025, Bank Nifty closed at 57827.05 (-274.40 / -0.47%), moving within a 386.70-point range during the session. The index made a high of 58119.65 and a low of 57732.95.
Technical View:
Key support and resistance levels are placed at 57550 and 58200 respectively.
Intraday support and resistance are at 57721 and 57933 respectively.
Intraday Technical Strategy:
- Go long above 57933, with a stop loss of 57898 and a target of 58040.
- Go short below 57721, with a stop loss of 57756 and a target of 57614.
RSI: The Relative Strength Index (RSI) for Bank Nifty stands at 60.80 — readings below 30 are considered oversold, and above 70, overbought.
Bank nifty Day SMA Analysis:
Bank nifty is trading above 6 out of 8 SMA’s (20, 30, 50, 100, 150, 200 Day).
Bank nifty is trading below 2 out of 8 SMA’s. (5, 10 Day)
No candlestick Pattern was identified in bank nifty on daily chart
Macros:
1.Dollar index is @ 100.037
2.S&P 500 Vix is @ 19.41
3.Brent crude is @ 64.10
4.US 10 years bond yield is @ 4.093
Note:
The U.S. government shutdown entered its 36th day on Wednesday, marking the longest in history and surpassing the record set in 2019 during President Donald Trump’s first term.
Meanwhile, minutes from the Bank of Japan’s September meeting revealed that a growing number of policymakers believe conditions are aligning for an interest rate hike, with two members even advocating an immediate increase. However, during the two-day meeting ending 19th September, the nine-member board decided to keep rates steady at 0.5%, rejecting proposals to raise borrowing costs to 0.75%.
As far as India is concerned, the U.S. President mentioned he is in constant touch with Prime Minister Modi, with trade talks ongoing. Market expectations suggest that some positive announcement regarding the trade deal could emerge by the 2nd or 3rd week of November.
By Ashok Bhandari (RA)
SEBI Regd. No. INH00019549
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