Nifty has made the much-awaited bullish breakout last week. That keeps intact our bullish view intact. Nifty Bank index is also moving up in line with our expectation.
Overall, the outlook is bullish for the Nifty and Nifty Bank index.
Nifty has support at 25,450-25,400. A rise to 26,100-26,200 can be seen now. A corrective fall to 25,500 thereafter is a possibility. But eventually, Nifty 50 can breach 26,200 and rise to 28,000 over the medium term.
Nifty Bank index is bullish to see a rise to 59,000. A corrective fall to 57,500-57,000 is possible thereafter. Eventually, the Nifty Bank index can rise back and target 61,000-62,000 over the medium term.
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Published on October 18, 2025
