Nifty 50 has been trading within a defined range since the start of the week, with a weekly trading range established between 25,060 and 25,310. Currently, the index is positioned at 25,221, reflecting a 0.3 percent increase. The advances to declines ratio stands at 43:7, indicating a favorable market sentiment. Should this trend continue, there is potential for a bullish breakout above the current range.
Nifty 50 Outlook
Intermediate support levels within this range are located at 25,200 and 25,150. If the index maintains its position above these levels throughout the day, it could rally towards the 25,300-25,350 range. Conversely, a drop below 25,150 may result in a decline towards 25,050-25,000.
The overall bias remains positive, suggesting that a breakout above 25,350 is likely. Such a breakout could propel the Nifty towards the 25,500-25,600 range. Market participants must wait for a definitive breakout to ascertain market direction.
Nifty 50 Futures
As for the Nifty 50 October Futures contract, currently trading at 25,320, it has seen an increase of 0.44 percent. Immediate support is identified at 25,300, with further support at 25,240 for intraday trading. As long as the contract remains above 25,240, there should be a good chance for it to rise to 25,450 during the day.
However, if the contract breaks below 25,240, there could be downward pressure, with potential declines towards 25,130-25,100, although such a scenario appears less probable.
Trade Strategy
Traders are advised to take long positions now at 25,320 and to accumulate additional positions at 25,280. A stop-loss should be set at 25,230. As the contract rises to 25,385, it is recommended to trail the stop-loss up to 25,360. Further adjustments should be made to the stop-loss at 25,390 and 25,410 as the contract touches 25,405 and 25,430, respectively. Traders should consider exiting their long positions at 25,450.
Supports: 25,300, 25,130
Resistances: 25,450, 25,600
Published on October 15, 2025.
