BANKNIFTY INDIA OUTLOOK FOR 8 TH OCTOBER, 2025

BANKNIFTY INDIA OUTLOOK FOR 8 TH  OCTOBER, 2025


NIFTY HOURLY CHART

PRICE ACTION FACTOR : BANKNIFTY on 7th October shown it's power through 56325. 56500 will act as very hard resistance way upwards.

PCR COUNT : 0.87.

RSI FACTOR : RSI Counts for D, 3H & 1H Charts respectively are 64.7, 71.4 and 66.1. A MILD BULLISH SPREAD. Upside swings will face stiff resistance around 56500.

VIEW & TRADE PLAN :: WITH MILD BEARISH RSI SPREAD UPSWINGS WILL FACE RESISTANCE AROUND 56500. BREAK OF 56127 WITH VOLUME CAN DRAG INDEX TO 55830 AND 55546.

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