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Below the Technical Forecast 09th October 2025 by Vaishali Parekh, Vice President - Technical Research at PL Capital

Forecast

NIFTY / SENSEX

Nifty has been finding resistance near the 25200 zone and has slipped down with profit booking witnessed to touch the 25000 zone during the intraday session with bias and sentiment still maintained intact. The index would have the important 50EMA at 24900 zone as the immediate support for the coming sessions which needs to be sustained to maintain the optimistic approach and as mentioned earlier, a decisive breach above the important hurdle at 25300 zone is necessary to establish conviction and clarity for further rise in the coming days to carry on with the ongoing uptrend. Sensex once again found resistance near the hurdle of 82300 level and slipped gradually as the day progressed to end in the red near 81770 zone with overall trend maintained positive. As mentioned earlier, the important 50EMA zone at 81080 level would be the important and crucial support zone, which needs to be sustained and on the upside, once a decisive breach above 82300 zone is confirmed, one can expect for near-term targets of 83000 and 83750 levels in the coming days. The support for the day is seen at 24900 levels, while the resistance is seen at 25200 levels.

BANKNIFTY / BANKEX

BankNifty, failing to overcome the 56250-zone witnessed some profit booking amid fluctuations and closed near the 56000 zone with bias remaining positive having the neckline zone of the Inverted Head and Shoulder pattern at 55600 level positioned as the important support from current level which needs to be sustained. On the upside a positive move till 57700 zone can be anticipated with the overall sentiment maintained positive and a decisive move past 56500 zone is required to regain the momentum. Bankex, witnessed another weak session closing in the red and closed near the 63000 zone having the important support near the 62800 level, as mentioned earlier, which needs to be sustained as of now. The index has resisted near the 63600 zone and currently with a slightly weak bias would need a revival and once a decisive breach above the resistance level of 63600 is breached, thereafter one can expect for fresh target of 64000 level in the coming days. BankNifty would have the daily range of 55500-56600 levels.

Nifty / BankNifty / Sensex / Bankex - Daily Technical Levels

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