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Published on 17-10-2025 11:49 am

BUY BANK NIFTY 57800 CALL OCT ABOVE 554 SL BELOW 460 TGT 580-625-665. 28 OCT

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Published on 17-10-2025 10:40 am

Base Metal Outlook

* Copper prices are expected to hold its ground and trade with positive bias amid supply concerns. Prices will get support from the weaker dollar and increasing prospects of US Fed rate cut. Dovish comments from the US Fed chair Jerome Powell and other Fed members have increased the probability of 2 rate cuts in this year. Further, depleting inventory levels in LME and SHFE would also support the red metals to regain its strength. Meanwhile, uncertainty over US-China trade negotiations and recent US debt concern in the regional banks might weigh on metal prices.

* MCX Copper Oct is expected to hold support near Rs.980 and move back towards Rs.1005 level.

* MCX Aluminum Oct is expected to rise towards Rs.267 level as long as it stays above Rs.261 level.

* MCX Zinc Oct looks to rise towards Rs.294 as long as it holds key support at Rs.288. Only below Rs.288 it would correct towards Rs.285.

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Published on 17-10-2025 10:07 am

Market Outlook

The Nifty 50 closed at 25,585, registering a positive session with an intraday gain of over 1%. On the daily chart, the index witnessed a breakout above the falling trendline resistance at 25,500, indicating the potential for a bullish continuation in the near term. On the derivatives front, fresh Put OI build-up was observed at the 25,500 strike, suggesting that this level has now turned into immediate support after acting as a resistance earlier. On the upside, 25,800 and 26,000 remain key resistance zones, with major Call OI concentration.

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Published on 17-10-2025 10:06 am

BANK NIFTY

* The banking index extended its upward trajectory, approaching its all-time high levels.

* It advanced for the fifth time in the past six sessions, reflecting sustained bullish momentum in the near term.

* Performance within constituents was mixed, with notable strength in Kotak bank and Axis bank, while IDFC first bank and AU bank underperformed.

* Technically, key resistance is positioned near 58,000, whereas immediate support is identified around the 56,800 mark.

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Published on 17-10-2025 10:05 am

Nifty

* Nifty delivered a strong performance on Thursday, with the Nifty 50 surging past the 25,600 mark and closing near the day’s high.

* The index opened on a positive note and maintained steady momentum throughout the session, supported by robust buying in financials.

* With Nifty having decisively crossed the 25,450 trendline hurdle, we now expect a move toward 25,670 (June 2025 high), followed by 25,800 next.

* Traders should maintain a “buy on dips” approach, focusing on sectoral rotation and strong stock-specific setups.

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