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2025-10-16 10:14:29 am | Source: Axis Securities Ltd
Daily Technical Report 16th October 2025 by Axis Securities Ltd
Daily Technical Report 16th October 2025 by Axis Securities Ltd

Nifty ended the previous session at 25,324, gaining 178 points. On the daily chart, it formed a bullish candle with a higher high-low structure, reflecting a positive undertone.

Bank Nifty settled at 56,800, up 303 points. The daily chart shows a bullish candle with an upper shadow, highlighting selling pressure and resistance emerging at higher levels.

Our trend score analysis of the Nifty and Bank Nifty indicates a bullish outlook for the benchmark indices.

Please review the attached report for insights on pivot levels, performance indicators, and a list of top market gainers and losers.

Nifty

Daily Pivots

 

Bank Nifty

Daily Pivots

 

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