BANKNIFTY INDIA OUTLOOK FOR THE WEEK OCTOBER 13-17, 2025
BANKNIFTY INDIA OUTLOOK FOR THE WEEK OCTOBER 13-17, 2025
BANKNIFTY DAILY CHART
PRICE ACTION FACTOR : NIFTY50 on 10th October just missed the global selloff action due to early closure than peers. The Selloff was the mixed result of ongoing US Govt. Shutdown and back fire of China with rare earth material goods on proposed 100% tariff on Chinese goods Export to US. Next week while absorbing Friday global selloff 55821 will play crucial role. It was the last HIGHER LOW ( HL ) of the rally starting from 54227 ( Sep 29, 2025 ). Closing below 55821 will reverse the trend to break below Sep 29, 2025 low within lesser time span.
PCR COUNT : 0.83 ( OVERSOLD )
RSI FACTOR : RSI Counts for M,W & D time frames respectively are 64.6, 59.3 and 66.8. A BULLISH SPREAD.
VIEW & TRADE PLAN :: 55821 WILL PLAY AS KEY LEVEL FOR CHANGE OF DIRECTION. SAVING THIS LEVEL ON CLOSING BASIS CAN ONLY SAVE THE EXPECTED TREND REVERSAL.

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