BANKNIFTY INDIA OUTLOOK FOR THE WEEK SEPTEMBER 29 - OCTOBER 3, 2025 ::-

 BANKNIFTY INDIA OUTLOOK FOR THE WEEK SEPTEMBER 29 - OCTOBER 3, 2025


BANKNIFTY DAILY CHART

PRICE ACTION FACTOR : BANKNIFTY on Friday closed with a LONG BLACK CANDLE below the PURPLE trend line Drawn from 2020 COVID LOW. In the Month of August the PURPLE LINE was saved by 53600 support. 53891 to 53600 range can act as strong support for this journey.

PCR COUNT : 0.99

RSI FACTOR : RSI Count for M, W & D Time frames respectively are 60.7, 49.7 and 40.9. A Classical synchronization for BEARISH CONTINUATION. Index to remain weak ahead.

VIEW & TRADE PLAN :: RSI BEING WEAK, BELOW 54480 WE CAN SEE 54145, 53891 AND 53600. WHERE 54705 WILL ACT AS STIFF RESISTANCE COMING WEEK. 53891 TO 53600 RANGE MAY PROVE ITSELF AS A STRONG SUPPORT FOR THIS JOURNEY.

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