24, October, 2025

Market Highlights


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October 17, 2025

  • 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.
  • -------------------------------------------------------------------------
  • Data Watch:
  • 1. FIIs net long position stands at 13.8%
  • 2. VIX at 10.86 (+3.13%)
  • 3. PCR at 1.52
  • 4. FIIs bought Cash Rs. 997.29 cr, Index Futures Rs. 5066.71 cr, and Stock Futures Rs. 463 cr
  • 5. Open Interest Position
  • A. FIIs:
  • Added 12,641 lots in Index Futures and covered shorts in 13,536 lots (Net 26,177)
  • Created long positions in 10,442 lots in Stock Futures and shorts in 477 lots (Net 10,919)
  • B. DIIs:
  • Added 7,190 lots and created shorts in 3,600 lots (Net 3,590)
  • Created long positions in 3,731 lots and covered shorts in 22,287 lots (Net 26,018)
  • C. Retail Clients:
  • Covered positions in 10,342 lots and created shorts in 10,952 lots (Net -21,304)
  • Booked profit in 5,402 lots and created shorts in 17,108 lots (Net -22,510)
  • Note:
  • FIIs covered massive shorts today, with net long positions rising sharply from 8.1% to 13.8% in a single session. They purchased Rs. 5066 cr in index futures. PCR at 1.52 indicates a slightly overbought zone, while VIX rising by 3.13% reflects a marginal increase in volatility.
  • Some crucial levels were breached in Nifty today. FIIs turned aggressive on the long side and covered shorts, while retail participants booked profits and built fresh shorts. The level 25677 will act as a key resistance and possibly the last major hurdle before Nifty attempts a new all-time high.
  • Nifty closed at 25585, with immediate support at 25495 and resistance at 25677. Any dips around 25500–25480 can be considered a buying opportunity with SL at 25411 and target 25657.
  • Additional Market Insight:
  • According to Reuters, India plans to reduce its crude oil imports from Russia. If implemented, this could pave the way for a stronger U.S.–India trade deal, potentially boosting market sentiment — as already reflected in today’s heavy FII short covering.
  • If positive news follows, this could mark the beginning of a new bull run, setting the stage for a sustained rally after more than a year of consolidation.
  • First target: 26,998.
  • --------------------------------------------------------------------------
  • Contributed by
  • Ashok bhandari : INH000019549
  • -------------------------------------xxxxxxx-------------------------------------------------------------------xxxxxxx---------------------------------
  • Himatsing. Seide
  • Board meeting Oct 23, 2025 to consider issuance of securities to raise funds.
  • Waaree Energies – Positioned for Stronger H2 and 2x EBITDA Growth in FY26
  • Waaree Energies reaffirms FY26 EBITDA guidance of ₹6,000 crore, implying 100% YoY growth, with H1FY26 EBITDA already matching FY25 levels.
  • Robust Order Book: ₹47,000 crore
  • Capacity Ramp-Up: Major expansion scheduled for early 2026
  • The company is building a fully integrated energy solutions platform, committing ₹8,175 crore towards:
  • BESS
  • Inverter
  • Green Hydrogen Electrolysers
  • Recent acquisitions in transformers and smart meters further strengthen Waaree's vertical integration and grid-linked capabilities.
  • H2FY26 is expected to be stronger, supported by execution momentum, scale, and margin tailwinds.
  • SURYODAY SFB ; RBI APPROVES RE-APPOINTMENT OF BASKAR BABU RAMACHANDRAN AS MD & CEO OF SURYODAY SMALL FINANCE BANK FOR 3 YEARS
  • Baskar Babu Ramachandran re-appointed as MD & CEO for another 3-year term (Jan 23 2026 – Jan 22 2029).
  • Approval received from RBI; follows prior shareholder nod in AGM held on Sept 11 & Aug 26 2025.
  • Brings continuity and experienced leadership he has led the bank since its conversion from SFB in 2017.
  • Holds rich experience in banking & finance, previously associated with HDFC Bank and Cholamandalam.
Panchkarma