Nifty Weekly Commentary (13th Oct – 17th Oct 2025)
The Nifty 50 index extended its winning streak for the second consecutive week, validating our previous week’s outlook where we highlighted a potential move beyond the level of 25,228 as analysed in last week’s commentary. The index rallied strongly to hit a weekly high of 25,330 on Friday 10th October, supported by sustained buying across banking, IT, and auto stocks. It closed the week at 25,285.35, up 0.41%, indicating strong bullish momentum.
In the previous commentary, we noted that once Nifty crosses 24,830 and sustains above 25,228, it could open the door for higher levels. This week’s price action confirmed that outlook, as the index comfortably traded above these resistance levels.
Technical Outlook for the Week (13th – 17th Oct 2025):
- Immediate resistance: 25,330–25,846. A breakout above 25,850 could trigger fresh all-time highs, targeting the 26,000 mark.
- Support zone: 25,000–24,830 remains the key area to watch. A close below this level may lead to mild profit booking toward 24,600 (previous support zone).
- Momentum indicator (Stochastic): Currently in the overbought zone (93.77), suggesting the market might see short-term consolidation or minor pullback before resuming the uptrend.
Overall, the medium-term trend remains bullish, supported by strong institutional inflows, upbeat corporate earnings expectations, and improving global cues. Traders should maintain a buy-on-dips approach with strict stop-losses near the 24,830 level.