Weekly market wrap by Amol Athawale, VP-Technical Research, Kotak Securities:
đź•— Last Update: 27 September 2025, 8.00 AM
For the week commencing on 20th October 2025
In the last truncated week, the benchmark indices experienced volatile activity. After a roller-coaster session, the Nifty ended 0.34 percent higher, while the Sensex gained 606Â Â points. Among sectors, IT and PSU bank indices outperformed; the IT index gained 2.92 , and PSU banks rallied 2.35 percent.
Technically, on weekly charts, the index has formed a shooting star kind of  formation, and on daily charts, a reversal pattern has emerged, which supports a temporary weakness. However, the short-term market outlook remains positive. We believe that the short-term market setup is still favourable, but traders may adopt a strategy of buying on corrections and selling on rallies.
On the downside, 25,700/84000 and 25,550/83500 are key support zones, while 26,000/84800 and 26,100–26,150/85000-85200 could act as crucial resistance levels for the bulls. However, below 25,550/83500, sentiment could turn bearish. In such a scenario, traders may consider exiting long positions.
For Bank Nifty, 57,500–57,000 could serve as crucial support levels, while 58,000 and 58,650 are key resistance areas for the bulls. However, below 57,000, the upward trend could become vulnerable.
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