The Indian equity markets are set to open cautiously optimistic on October 8, 2025, as traders digest the previous day’s steady gains. The Nifty 50 closed at 25,108.30, supported by buying interest in financials, energy, and telecom sectors, continuing its positive momentum. Market experts suggest a consolidation phase as Nifty braces near key technical levels, with crucial support and resistance points defining intraday strategies.
Key Support and Resistance Levels:
- Nifty 50: Immediate support noted around 25,000 to 24,950, acting as a strong base for bulls. Resistance is firm at 25,220 to 25,250; a decisive breakout above this zone could pave the way toward 25,400-25,500 levels.
- Bank Nifty: Support is positioned near 56,130 to 56,150, with resistance around 56,300. A breakout above resistance may signal a bullish extension, while slips below support could invite selling pressure.
Sector Outlook:
- Financials, energy, and telecom sectors are expected to maintain strength, driven by fresh inflows and positive corporate news.
- Metal, FMCG, and IT sectors may witness selective profit-booking and consolidation.
- Realty and pharma sectors could see pockets of buying interest.
Expert Technical Analysis and Trading Strategies:
- Nifty has formed a shooting star candlestick pattern on the daily chart, indicating a possible short-term pause or consolidation before resuming its uptrend.
- Intraday strategy favors buying on dips near support and booking profits around resistance levels.
- The market may oscillate within the 24,950-25,250 range, with traders advised to use this zone for intraday swing trades.
- For Bank Nifty, trading within a rising wedge pattern suggests consolidation, requiring close monitoring of 56,130 support and 56,300 resistance levels.
- Risk management with stop-loss near support levels is recommended for disciplined trade execution.
Stock-Specific News:
- Corporate updates on technology and financial stocks are likely to influence sentiment.
- LG Electronics India’s IPO subscription opens, adding interest in consumer durables.
- Analysts highlight key levels and derivative activity indicating balanced call and put options around 25,000 and 25,200 strike prices.
Summary for Market Participants:
- Watch for Nifty support near 25,000 and resistance at 25,220-25,250.
- Bank Nifty crucial support at 56,130 with resistance near 56,300.
- Expect consolidation with potential breakout if resistance is breached.
- Buying on dips and selling at resistance aligns with expert strategy.
- Stay alert for sector-specific news and technical signals for intraday opportunities.
- Indian Stock Market Outlook: Impact of Trump’s 100% China Tariff Announcement
Trump’s 100% China tariff trigger likely causes a 1–2% drop in NIFTY/SENSEX at open, driven by FII selling and risk‐off. IT and pharma outperform on currency gains, metals and autos underperform, DIIs buy dips, rupee tests ₹83, with late stability possible. - Indian Stock Market Opening Analysis – October 8, 2025
The Indian stock markets are expected to open cautiously optimistic on October 8, 2025, amid a positive close on October 7. Nifty 50 closed near 25,108, with key support around 25,000–24,950 and resistance near 25,220, indicating a consolidation zone for intraday trading. - Indian Stock Market Projections and Detailed Analysis | CommentaryStock Market Capsules
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