Opening Bell 03 Oct 2025: Nifty Resistance 24,920, Bank Nifty Targets 56,000, Sector Trends & Intraday Picks
By CapitalKeeper | Market Opening | Intraday Ideas | Market Moves That Matter
Indian stock market opening bell 03 Oct 2025 – Nifty faces resistance at 24,920, support at 24,750; Bank Nifty eyes 56,000 if above 55,500. Sector-wise trends, intraday stock picks, and global market cues.
OpOpening Bell 03 October 2025: Nifty Eyes 25,000, Bank Nifty Strong Above 55,500
Market Recap & Opening Trend
The Indian stock market opened on a cautious note today (03 October 2025) after a strong run in the previous session.
- Nifty 50 closed yesterday at 24,836.30 and opened lower today at 24,759.55.
- Bank Nifty ended at 55,347.95 and opened at 55,182.60.
- Sensex closed at 80,983.31 and opened weaker at 80,684.14.
- Fin Nifty settled at 26,382.20 and opened at 26,265.70.
The cautious start reflects profit booking near key resistance zones, but the undertone of the market remains bullish with dips attracting buyers.
Technical Outlook for Today (03 Oct 2025)
Nifty 50 Analysis
- Resistance: 24,920 zone → If sustained, Nifty can march towards 25,000–25,150 levels.
- Support: 24,750 zone → Holding this keeps the bias positive. A break below could invite mild pressure.
- View: Buy on dips strategy remains intact.
Bank Nifty Analysis
- Resistance (Today): 55,500 zone → A close above this may trigger momentum towards 56,000++ levels.
- Support (Today): 55,100 → Holding this keeps the index in a positive structure.
- View: Bank Nifty shows resilience; aggressive buying possible on sustained breakout.
Global Market Cues
- US Markets: Wall Street closed higher on Fed’s reassurance of a steady rate policy. Tech stocks led the rally, supporting risk appetite.
- Asian Markets: Mixed trend with Nikkei under pressure while Hang Seng gained on Chinese stimulus hopes.
- Commodities:
- Crude oil remains volatile but under $80 mark, easing inflationary fears.
- Gold consolidating near $1,950 levels, signaling cautious investor sentiment.
- Currency: INR stable around 83.05 vs USD; FIIs likely to stay balanced.
Global setup remains supportive, but investors should track geopolitical developments and US bond yields.
Sector-Wise Trends to Watch
- Banking & Financials – Strong weightage in Nifty; outlook bullish above resistance. HDFC Bank, ICICI Bank, Axis Bank in focus.
- IT Sector – Infosys, TCS showing accumulation; AI-driven deals and US tech rally boosting sentiment.
- Auto Sector – Tata Motors, Hero MotoCorp remain momentum picks amid festive demand.
- Metals – Consolidation after sharp rally; JSW Steel, Tata Steel showing strength.
- Energy & Oil & Gas – Reliance flat opening despite Nifty gap-down, investors to track crude movements.
- FMCG – Stability expected as defensive buying continues; HUL, Britannia in radar.
Intraday Stock Picks (03 Oct 2025)
🔹 IT & Tech: Coforge, Infosys → Positive setup, watch for intraday breakout moves.
🔹 Auto & Industrials: Tata Motors, Hero MotoCorp → Strong festive momentum play.
🔹 PSU Banks: SBI, Bank of Baroda → Positive bias above supports, could lead short rallies.
🔹 Midcap Ideas: Blue Star, Tata Chemicals → High volume activity, buy on dips preferred.
Market Sentiment & Strategy
- Market remains in a buy-on-dip mode with Nifty and Bank Nifty consolidating near resistance zones.
- Strong support zones continue to attract buyers, reducing downside risk.
- Weekly expiry volatility may keep intraday traders active.
👉 Traders’ Takeaway:
- Nifty: Buy near 24,750–24,800, targets 24,920 / 25,000 / 25,150. SL: below 24,700.
- Bank Nifty: Buy near 55,100–55,200, targets 55,500 / 56,000++. SL: below 54,950.
Conclusion
The Indian stock market opened on a soft note today, but the overall structure still favors the bulls. As long as Nifty holds above 24,750 and Bank Nifty sustains 55,100, every dip remains an opportunity to accumulate quality stocks. Sector rotation is keeping the market healthy, with IT, autos, and banks expected to lead.
A sustained breakout above Nifty 24,920 and Bank Nifty 55,500 could unlock the next leg of the rally towards psychological milestones of 25,000–25,150 and 56,000++ respectively.
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Ranjit Sahoo
Founder & Chief Editor – CapitalKeeper.in
Ranjit Sahoo is the visionary behind CapitalKeeper.in, a leading platform for real-time market insights, technical analysis, and investment strategies. With a strong focus on Nifty, Bank Nifty, sector trends, and commodities, she delivers in-depth research that helps traders and investors make informed decisions.
Passionate about financial literacy, Ranjit blends technical precision with market storytelling, ensuring even complex concepts are accessible to readers of all levels. Her work covers pre-market analysis, intraday strategies, thematic investing, and long-term portfolio trends.
When he’s not decoding charts, Ranjit enjoys exploring coastal getaways and keeping an eye on emerging business themes.
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