Technical Forecast 30th October 2025 by Vaishali Parekh, Vice President - Technical Research at PL Capital
Below the Technical Forecast 30th October 2025 by Vaishali Parekh, Vice President - Technical Research at PL Capital
Forecast
NIFTY / SENSEX
Nifty once again moved past the 26000 zone with bias improving and closing above the important landmark with sentiment getting better with the broader markets also witnessing active participation along with the benchmark index anticipating for further upward movement in the coming days. The index can expect for the near-term targets of 26300 and 26700 levels in the coming days with the undertone maintained strong, as mentioned earlier, having the important support positioned near the 25400 zone which needs to be sustained. Sensex after taking a breather taking support near 83950 zone has once again witnessed a gradual rise with bias and sentiment getting better anticipating to make new high in the coming days. With the undertone maintained strong, we can expect for fresh higher targets of 86000 and 87400 levels having the important near-term support at 84000 level which needs to be sustained to maintain the overall bias intact. The support for the day is seen at 25900 levels, while the resistance is seen at 26300 levels.
BANKNIFTY / BANKEX
BankNifty after taking the breather with near-term support maintained near the 57500 zone has witnessed a gradual pickup with bias getting better expecting for further having the next target of 60000 level expected in the coming days. The index has overall maintained the uptrend with most of the frontline banking stocks like HDFC Bank, SBI and Axis Bank sustaining the positive bias anticipating for further rise in the coming days. Bankex has once again regained strength after the short sessions of profit booking with support maintained near 64800 level and with bias getting stronger, can expect for further rise in the coming days having next higher targets of 67200 and 68700 levels. With the trend maintained strong and positive, we can expect further gains with most of the front line banking stocks we'll poised showing signs of improvement for further upside move to pull the index to new highs. BankNifty would have the daily range of 58000-59000 levels.
Nifty / BankNifty / Sensex / Bankex - Daily Technical Levels
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