22-10-2025 | Weekly BNF, NF TA | NF & BNF In uptrend | October Monthly Expiry | Indian Market Update

Index Weekly Update 20-10-2025

We are near October Monthly expiry this week, lets analyse index price action for next week.

Bank Nifty Future

1) Weekly TF:

BNF Weekly

• BNF is in strong uptrend for last 3 weeks, closing aboe preious week's high.
• Last week was a strong bullish candle with range extension on upside.
• This week BNF tries to break out of previous high made on June month.
• Now BNF is at ATH and next Fibo resistance is at 58900 & 60365.
• Now BNF has AVWAP support at 56,600 & 55,900.

2) Daily TF:

BNF Daily

Indicators: RSI, MACD, VOL (as per order in chart)

• BNF, Monday opened inside previous week's range and from Wednesday started to move higher.
• BNF broke previous resistane zone 56,350-650 zone, and moved towards previous swing low.
• On 20102025 BNF broke previous swing high and closed higher into new ATH.
• All the above Price Action denotes sentiment is bullish, need to make a new base here.
• Indicator:
• RSI made a new swing higher near 80 and truned little lower and in sync with price.
• MACD: Remains in positive zone and holding aboe zero mark.
• Now BNF looks bullish, it has resistance around 58,900 and support at 57,300.

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Nifty Future

1) Weekly TF:

NF Weekly

• Last week BNF made new ATH, but NF has not. But both are in sync in direction.
• More upside possible until NF make new ATH and is very nearby 500 pts only.
• Last week NF broke previous minor swing high 25,525 and closed near 25745.
• 20102025 NF closed above swing high 25790 is bullish making HH-HL in weekly TF.
• Nearby support is at 25,450 which is horizontal support level and also swing high.
• NF has resistance around 26,150 and support at 25,450.

2) Daily TF:

NF Daily

Indicators: RSI, MACD, VOL (as per order in chart)

• NF opened inside previous Week's range, from Thursday started to move up above swing high.
• NF closed previous majour swing high at 25780 June monthly high.
• Last week NF moved up in HH-HL pattern and since we are into monthly expiry we an see profit booking this week.
• Indicators:
• RSI: RSI moved higher & closed near 70, price has broke septeber month high but RSI has not that shows divergence.
• MACD: Now above zero and rising in sync with price No anamoly in movement.
• NF has support at 25750 & 25600 and resistance around 26,100 & 26,170.

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Acronym

BNF: Bank Nifty Future.

NF: Nifty Future.

BO: Breakout.

BD: Breakdown.

HH-HL: Higher High, Higher Low

LH-LL: Lower High, Lower Low

TF: Time Frame.

LT: Long Term

ST: Short Term

ATH: All Time High.

PA: Price Action.

PDC: Previous Day Close

TL: Trend Line.

Keep Learning 🕮

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