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Below the Quote on Weekly Market Wrap 17th October 2025 by Amol Athawale, VP-Technical Research, Kotak Securities

In the last week, the benchmark indices continued their positive momentum. The Nifty ended 1.68 percent higher, while the Sensex was up by 1450 points. Among sectors, Capital Market and Reality indices outperformed, with Capital Market gaining 5percent  and Reality up by 4 percent, whereas Media and IT indices lost the most. Media down by 2.40 percent  and IT by 1.80 percent. Technically, on daily and intraday charts, the indices are holding higher high and higher low series formation. On weekly charts, a long bullish candle has formed, which supports the possibility of further uptrend from the current levels.

We are of the view  that the short-term market texture is bullish, but due to temporary overbought conditions, some profit booking may occur at higher levels. For traders, 25,550-25,350 /83000-82400 would act as key support zones, while 26,000/84400 and 26,300/85300 would be the crucial resistance levels for the bulls. However, below 25,350/82400, the uptrend would become vulnerable.

For Bank Nifty traders, 57,000 would act as a strong support zone. As long as it continues trading above this level, the bullish sentiment is likely to persist. On the higher side, it could move up to 58,000-58,500.

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