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Below the Technical Forecast 13th October 2025 by Vaishali Parekh, Vice President - Technical Research at PL Capital

Forecast

NIFTY / SENSEX

Nifty has continued with the positive move, gaining further and crossing the 25300 zone during the intraday with bias and sentiment improving once again, with the broader markets showing signs of a positive move, anticipating a further rise in the coming days. The index would need a decisive close above the important hurdle at the 25300 zone to establish conviction, and thereafter, we can expect a fresh upward move with the 25700 level as the next immediate target. Sensex has indicated a steady and gradual improvement on the daily chart in the last 2 sessions, and further rise can be anticipated in the coming sessions with the overall trend maintained positive. As mentioned earlier, the index has the important support positioned near the 50EMA level of 81460, which needs to be sustained as of now, and on the upside, a decisive breach above the 83000 zone shall trigger a fresh upward move having higher targets of 83700 and 84200 levels in the coming days. The support for the day is seen at 25150 levels, while the resistance is seen at 25500 levels.

BANKNIFTY / BANKEX

BankNifty has shown signs of gaining further strength to move past the 56600 zone with bias improving and the frontline banking stocks picking up well, with further upside gain visible in the coming days. With the 55600 level positioned as the near-term support for the index, we can anticipate a further upward move for the target of the 57700 zone in the coming days with sentiment easing out and maintaining an optimistic approach with the ongoing festive season. Bankex has indicated a strong bullish candle formation with bias improving as most of the frontline banking stocks have shown positive signs for further upward movement, accompanied by most of the PSU banks, which are looking good. The index needs to breach above the 64300 zone decisively, as mentioned earlier, to trigger a fresh upward move having targets of 65970 and 67573 levels possible in the coming days. BankNifty would have the daily range of 56200-57300 levels.

Nifty / BankNifty / Sensex / Bankex - Daily Technical Levels

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