The Nifty and Nifty Bank index have risen well for the second week in a row.
Nifty is getting close to its crucial resistance. We will have to see if the expected bullish breakout happens this time or not. Nifty may gain momentum after breaking above immediate resistance at 25,450. Such a break could take the Nifty 50 to 25,800 and 26,100. It will also keep the broader picture optimistic, targeting 28,000 in the coming months.
The Nifty Bank index, on the other hand, looks bullish with an inverse head and shoulders pattern on the chart. The index may rise to 58,500 and 59,000 in the short term. The support points are at 55,700 and 55,400.
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Published on October 11, 2025
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