Mumbai22 minutes ago
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After the rise in the market last week, if Nifty has to reach close to its all-time high this week, then it will have to cross four important levels.
25322, 25434, 25566 and 25710. According to Harshubh Shah, Director of Wealthview Analytics, good momentum can be seen in the market on October 17.
Apart from this, investors will keep an eye on retail and wholesale inflation data, second quarter results of companies, 100% tariff imposed by America on China, global market signals, buying and selling of foreign investors and technical factors.
Let us understand what can happen in the market this week…
Support Zone: 25,145 | 25,080 | 25,035 | 25,001 | 24,856 | 24,806 | 24,688
Support means, the level where the stock or index gets support from falling down. The price does not go down easily due to increase in purchasing here. There may be a buying opportunity at these levels.
Resistance Zone: 25,322 | 25,434 | 25,566 | 25,710
Resistance means the level where there is a hindrance in the stock or index going up. This happens due to increase in sales. If Nifty crosses the resistance zone, new bullish momentum may come.
Trading Outlook: What should traders do?
Keep an eye on important dates: The report states Friday, October 17, as an important date for the market. According to the report of Wealth View, strong momentum can be seen in the market on this day.
Attention to Support-Resistance: Short trades can be considered below the mentioned support levels. At the same time, there may be an opportunity to take a long position after crossing the resistance level.
Use of time cluster: Day traders can catch market movements by using these time clusters. These times can signal the beginning of a market uptrend or downtrend.
Caution necessary: There can be sharp fluctuations in the market at any time, so after taking any trade, definitely use risk management and stop-loss.
market direction
Next Trading Day (13 October): According to market experts, there is a possibility of a slight rise in the market on Monday. Nifty may open flat or slightly positive around 25,250-25,300 and close between 25,350-25,400. The downside risk is low.
Reason: DII buying is balancing FII selling. RSI is at 53. This is not an overbought or oversold zone. That means, there is room for upside and the risk of reversal is low. India VIX is at 10.10. This favors the bulls. Instead of a sharp decline, there may be a steady uptrend.
All week (13–17 October): Market experts are predicting the market to remain bullish throughout the week. It can remain in the range of 25,000-25,700. Closing may be around Rs 25,500.
Reason: The market is expected to get a push from low VIX and institutional buying. Consistent volumes on the upside are also pointing towards a positive closing of the market this week.
Now 5 factors which can decide the direction of the market…
1. Retail and wholesale inflation data: The government will release retail inflation (WPI) data for the month of September on 13 October and wholesale inflation (WPI) data on 14 October. Investors will keep an eye on these figures.
Retail inflation increased slightly to 2.07% in August from 1.61% in July. The reason for this was a slight increase in the prices of some food items.
Whereas in August, wholesale inflation had increased to 0.52%. Inflation had increased due to food items becoming expensive. Earlier in July it had come down to minus 0.58%.
2. Second Quarter Results: The earnings season for the September quarter has started. Now the results of TCS and DMart among big companies have come. More than 200 companies are going to release their results this week.
This includes the results of companies like Reliance Industries, Jio Financial Services, Tech Mahindra, Axis Bank, HCL Technologies, Wipro. Apart from this, HDFC Bank, ICICI Bank will declare the result on Saturday.
3. FII Activity: After several weeks of continuous selling, foreign investors became net buyers in the Indian market this week. Between October 6 and 10, they made purchases worth ₹2975 crore in the cash segment. Whereas domestic investors have made purchases worth Rs 8391 crore.
If we talk about this month so far, foreign investors have sold Rs 213 crore. Whereas domestic investors have made purchases worth Rs 11797 crore.
4. US Market: Movements in the US market affect other markets. Some impact may be visible on Indian markets also. US markets fell on Friday due to the imposition of 100% tariffs on China.
The Dow Jones fell 878 points, or 1.90%, to 45,479 on Friday.
The S&P 500 index closed at 6,552, down 182 points, or 2.71%.
The Nasdaq Composite fell 820 points, or 3.56%, to 22,204.
5. Trump Tariffs: After the announcement of additional 100% tariff on goods going from China to America, the total tariff on China has reached 130%. This additional 100% tariff on Chinese goods will come into effect from November 1, 2025. Apart from this, investors will keep a close eye on the statements of the US President.
Market rose by more than one and a half percent last week
Last week was good for the domestic stock market. Nifty closed at 25,285, up 1.57% or 391 points. Whereas Sensex settled at 82,500 with a gain of 1.59% or 1,293 points.
On Friday, October 10, the last trading day of the week, the Sensex closed with a rise of 328 points. Nifty also rose by 103 points. Out of 30 Sensex stocks, 22 rose and 8 declined. The biggest growth was seen in PSU bank, realty and pharma sectors.
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