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Below the Technical Forecast 10th October 2025 by Vaishali Parekh, Vice President - Technical Research at PL Capital

Forecast

NIFTY / SENSEX

Nifty, having found support near the 25000 zone, has witnessed a good recovery to improve the bias, once again touching the 25200 zone with an optimistic view maintained for further rise in the coming sessions. The index, as said earlier, would need a decisive breach above the important hurdle at the 25300 zone to establish conviction and clarity to carry on further ahead with the ongoing uptrend, with the 50EMA level at the 24900 zone positioned as the important support. Sensex, with the overall trend maintained positive, witnessed a recovery amid the weekly expiry from near the 81600 zone to end on a positive note near the 82170 level with anticipation of retesting the 83000 zone in the coming session. The overall bias is maintained strong with crucial support positioned near the 50EMA level of 814200, while on the upper side, a decisive breach above the 82500 zone shall trigger a fresh upward move in the coming days. The support for the day is seen at 25000 levels, while the resistance is seen at 25400 levels.

BANKNIFTY / BANKEX

Bank Nifty, after a short period of consolidation maintaining above the important 100-period SMA at the 55700 zone, has indicated a decent recovery to end near the 56200 zone with bias once again improving, expecting further rise in the coming sessions. The Inverted Head & Shoulder neckline zone at the 55600 level has been sustained, and once a decisive move above the 56500 level is confirmed, we can anticipate a further upward move for the target of the 57700 zone in the coming days, with frontline banking stocks well poised for further gains. Bankex continues to move within the INSIDE BAR pattern range of the 62800 and 63400 zone, to close near the 63250 level with the overall trend maintained positive. As mentioned earlier, we maintain our stance on the crucial support positioned near the 62800 level, which needs to be sustained, while a decisive breach above the 63600 zone shall trigger a breakout, and thereafter we expect afurther rise in the coming days. BankNifty would have the daily range of 55800-57000 levels.

Nifty / BankNifty / Sensex / Bankex - Daily Technical Levels

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