Daily Morning Report Date: 06.10.2025
NIFTY OUTLOOK: 24894.25 FII -1583.37 cr DII 489.76 cr
(6th – 10th October 2025)
As discussed in the previous report dated 29th September 2025, market behaviour remained on expected lines during the week. Nifty began the week with a bearish tone but buyers regained control in the second half, taking it up to the resistance of 24913, making a high of 24904.80.
A small bullish candle with a lower shadow following a long bearish candle on the weekly chart indicates weakening selling momentum and buyers emerging from support levels. This shift has turned short-term sentiment bullish. If Nifty breaks out decisively above 25017, it may rally to 25140–25275, with stronger demand possibly extending gains to 25384.
On the downside, support lies at 24771–24650. A break below these levels may drag Nifty down to 24527–24404.
Bank Nifty OUTLOOK:
SPOT: 55589.25 PCR: 1.12 Max CE OI: 57000 Max PE OI: 55000
On October 3rd, 2025, the Bank Nifty index closed at 55589.25 (+241.30 / +0.44%). The total movement in the index was 439.45 points during the session. It made a high of 55616.45 and a low of 55177.00.
Technical View:
Important support and resistance levels for Bank Nifty are 55200 and 55970 respectively.
Intraday support and resistance are 55468 and 55710 respectively.
Today’s Intraday Technical Strategy:
Go long above 55710 with a stop loss of 55669 and target 55830.
Go short below 55468 with a stop loss of 55508 and target 55347.
The Relative Strength Index (RSI) for the Bank Nifty stands at 58.10. Below 30 is considered oversold, and above 70 is overbought.
Bank nifty Day SMA Analysis:
Bank nifty is trading above 7 out of 8 SMA’s (5, 10, 20, 30, 50, 150, 200 Day).
Bank nifty is trading below 1 out of 8 SMA’s. (100, Day)
One bullish candlestick Pattern was identified in bank nifty.
• Marubozu Uptrend
Macros:
- Dollar index is @ 97.70
- S&P 500 vix is @ 16.65
- Brent crude is @ 65.44
- US 10 years bond yield is @ 4.147
Note:
UK PM Starmer will visit India on 8th–9th October, as confirmed by the Indian Foreign Ministry. Britain and India signed a free trade agreement in July during PM Modi’s visit, finalising a deal to cut tariffs on goods ranging from textiles to whisky and cars, and providing greater market access for businesses.
On the commodities front, gold and silver once again hit all-time highs, while crude prices inched higher after OPEC announced lower-than-expected output.
All data remain stable; however, FIIs continue to stay in selling mode, though their pace has moderated.
Contributed by
Ashok bhandari : INH000019549
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