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Below the Technical Forecast 15th October 2025 by Vaishali Parekh, Vice President - Technical Research at PL Capital

Forecast

NIFTY / SENSEX

Nifty again failed to move past the 25300 zone, and with a gradual slide witnessed, managed to sustain above the 25100 levels with bias and sentiment maintained with a cautiously positive approach. The 25000 zone shall be very crucial for the index, which needs to be sustained, and with the result season started, we anticipate volatility and fluctuations during the intraday session. A significant move past the level of 25400 is very important to improve the bias and establish conviction to anticipate a further upward move in the coming days. Sensex witnessed a bearish candle with profit booking seen to touch the important and crucial support zone at the 20DMA level of 81780 during the intraday session but managed to close above 82000 levels with bias and sentiment maintained with a cautious approach as of now. The index needs to sustain the 83000 zone as mentioned earlier, and expect a pullback in the coming sessions, failing which the index can drag further towards the 50EMA level of the 81500 zone. The support for the day is seen at 24950 levels, while the resistance is seen at 25300 levels.

BANKNIFTY / BANKEX

Bank Nifty has been hovering near the 56000-56800 zone for the last 3 days and, as mentioned earlier, would need to breach above the 57300 zone decisively to trigger a fresh upward move with conviction. The 20DMA zone of the 55570 level would be important near-term support for the index, which needs to be sustained as of now. Bankex, in a similar pattern, amid volatility, slipped down to the 63500 zone once again, from where a pullback was witnessed, and managed to end the session above the 63700 zone with hopes kept alive for recovery in the coming sessions. Bank Nifty would have the daily range of 56000-57000 levels.

Nifty / BankNifty / Sensex / Bankex - Daily Technical Levels

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