Index Weekly Update 26-10-2025
We are near October Monthly expiry this week, lets analyse index price action for next week.
Bank Nifty Future
1) Weekly TF:
- After 3 weeks of up move, BNF faced resistance at new ATH.
- Last week BNF had BO into new ATH, but couldn't sustain & closed below open into Previous Week range.
- Last week we had shooting star candle stick pattern which is a trend reversal pattern.
- 50% of previous bullish week's candle range is immediate support for next week.
- As we expected, BNF faced resistance at ATH Fibo resistance at 58900.
- Now BNF has AVWAP support at 56,770 & resistance at 58,900.
2) Daily TF:
| BNF Daily |
Indicators: RSI, MACD, VOL (as per order in chart)
- BNF, we expected to be bullish till 58900 and it moved till 28,500 and reversed.
- BNF broke previous resistance zone 57,650-850 zone, and moved into ATH last week.
- On Thursday BNF went higher but RSI has not moved above previous swing high.
- All the above Price Action denotes weakness in bullish sentiment and BNF reversed back below previous ATH.
- Indicator:
- RSI closed near 66 with RSI divergence near top.
- MACD: Remains in positive zone but it was falling down towards zero mark.
- Now BNF has resistance around 57,800 and support at 57,300.
Nifty Future
1) Weekly TF:
| NF Weekly |
- Last week BNF made new ATH, but NF has not. Both faced rejection from higher price.
- Last week NF broke previous minor swing high 25,525 and closed near 25815.
- NF also formed shooting star candlestick pattern in weekly TF.
- NF faced rejection from early mentioned Fibo resistance 26170 as marked in chart.
- Nearby support is at 25,480 which is horizontal support level and also minor swing high.
- NF has resistance around 26,650 and support at 25,450.
2) Daily TF:
| NF Daily |
Indicators: RSI, MACD, VOL (as per order in chart)
- NF opened above previous Week's range and also above July month's high on Monday.
- NF moved higher on Thursday and faced rejection from Fibo level 26170 and still closed above July month's high.
- Last week NF broke HH-HL pattern and closed below week's open near this week's low. (weak sentiment)
- Indicators:
- RSI: Unlike in BNF, RSI moved in sync with price in NF & closed near 65.
- MACD: is in positive zone, but growing weak towards zero mark.
- NF has support at 25690 & 25480 and resistance around 26,170 & 26,350.
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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