Opening Bell 06 October 2025: Nifty Hovers Near 24,900, Bank Nifty Eyes 56,000 | Technical Analysis & Market Outlook
By CapitalKeeper | Market Opening | Intraday Ideas | Market Moves That Matter
Indian stock market opens steady on 6th October 2025 with Nifty at 24,894 and Bank Nifty near 55,589. Sector-wise analysis, intraday stock picks, and global cues. Read the full technical analysis on CapitalKeeper.in.
📊 Opening Bell – 06 October 2025 | Market Opens Steady, Nifty Around 24,900, Bank Nifty Near 55,600
The Indian stock market began the first trading session of the week on a cautious yet steady note. As of 06 October 2025, benchmark indices opened flat to positive amid mixed global cues and a slightly improved risk sentiment in the Asian markets.
The Nifty 50 opened at 24,916.55 and closed marginally lower at 24,894.25, while Bank Nifty opened firm at 55,834.70 and closed at 55,589.25, showing minor profit booking after recent upswings.
The Sensex ended the session at 81,207.17, and the Fin Nifty closed at 26,426.75, both reflecting subdued momentum as traders awaited clarity from global developments.
🌏 Global Market Cues
The tone of the global markets set the direction for the Indian indices early Monday:
- U.S. Markets: Wall Street closed mixed on Friday as traders digested non-farm payroll data. The Dow Jones ended flat, while the Nasdaq gained modestly as tech giants continued their upward march.
- Asian Markets: The Nikkei and Hang Seng opened positive, buoyed by strength in technology and energy stocks. Chinese markets were steady as the yuan stabilized after recent weakness.
- Commodities: Crude oil prices stayed above $78 per barrel amid Middle East tensions, while gold remained range-bound near $2,360 per ounce.
- Currency: The rupee traded slightly stronger at ₹83.02/USD, supported by FII inflows and stable crude prices.
The overall global setup was neutral to slightly positive, giving Indian equities some cushion against profit-booking pressure.
🇮🇳 Domestic Market Overview
The domestic market opened the week with mild optimism but faced resistance near higher levels. Nifty struggled to sustain above 24,900, and Bank Nifty faced selling near 55,900–56,000, indicating supply pressure in the upper zones.
🔹 Key Levels for the Day
- Nifty Resistance: 25,000 zone
- Nifty Support: 24,800 zone
- Bank Nifty Resistance: 56,000 zone
- Bank Nifty Support: 55,300 zone
The short-term structure remains range-bound, with traders advised to maintain a “buy on dip” approach as long as key supports hold.
🧭 Technical Analysis
📈 Nifty 50
On the daily chart, Nifty formed a small-bodied candle with wicks on both ends, indicating indecision at higher levels. However, the index continues to trade above its 20-day moving average (DMA), maintaining a bullish undertone in the medium term.
- RSI is at 57, suggesting momentum remains moderate.
- MACD histogram shows flattening momentum, implying consolidation before a directional move.
- Support zone: 24,800–24,700 (key retracement area)
- Resistance zone: 25,000–25,150 (breakout confirmation above this level may push Nifty towards 25,300–25,500 levels).
Trading Strategy:
📊 Traders can look for buy-on-dip opportunities near 24,800 with a stop-loss below 24,650 and a target of 25,100–25,200.
🏦 Bank Nifty
Bank Nifty remained relatively stronger but struggled to clear the 56,000 mark, where multiple supply zones converge. The index is consolidating near its short-term averages.
- RSI near 55 indicates mild bullish bias.
- MACD line hovering around signal line — sideways momentum.
- Strong support lies at 55,300, while immediate resistance remains at 56,000.
A decisive close above 56,000 could trigger a rally towards 56,700–57,000 in coming sessions.
Trading Strategy:
Buy near 55,300–55,400 for targets of 56,000–56,500 with a stop-loss below 55,000.
🏭 Sector-Wise Performance
💰 Banking & Financials:
The banking pack opened strong but saw mild profit booking later. PSU banks like SBI and Bank of Baroda remained stable, while private majors HDFC Bank and ICICI Bank were range-bound.
Outlook: Sector remains in accumulation; expect buying at lower levels.
⚙️ IT Sector:
Tech stocks like Infosys, TCS, and HCL Tech traded higher following the Nasdaq’s gain. The IT index is showing resilience amid currency stability.
Outlook: Buy-on-dip strategy continues as IT may outperform in the short term.
🏠 Realty & Infra:
Realty stocks faced mild selling after last week’s sharp rally. Counters like DLF, Godrej Properties, and Sobha cooled off 1–2%. Infra names like L&T and IRB Infra held firm.
Outlook: Consolidation expected; remain selective.
⚡ Energy & Metals:
Crude oil’s steady tone helped OMCs like HPCL, BPCL, and IOC stay stable. Metal stocks were mixed as aluminum and copper prices cooled off.
Outlook: Sector in neutral zone; accumulate on dips.
💊 Pharma:
Defensive buying supported names like Sun Pharma, Dr. Reddy’s, and Cipla.
Outlook: Mildly bullish; momentum may continue if global risk sentiment remains cautious.
📈 Intraday Stock Ideas (06 October 2025)
| Stock | CMP | Action | Target | Stop Loss | Rationale |
|---|---|---|---|---|---|
| HDFC Bank | ₹970 | Buy | ₹990–1,010 | ₹750 | Support near 20-DMA, positive structure |
| Infosys | ₹1,449 | Buy | ₹1,550 | ₹1,400 | Follows Nasdaq strength, RSI breakout |
| L&T | ₹4,250 | Buy | ₹4,380 | ₹4,210 | Strong volume at breakout zone |
| Axis Bank | ₹1,200 | Buy | ₹1,215 | ₹1,185 | Accumulation visible at support |
| Tata Motors | ₹711 | Sell | ₹680 | ₹725 | Weak momentum, resistance at ₹725 zone |
🌍 FII & DII Activity
- Foreign Institutional Investors (FIIs) were net sellers worth ₹382 crore on Friday, while
- Domestic Institutional Investors (DIIs) remained net buyers worth ₹472 crore, offsetting the outflow.
This balance shows domestic institutions are actively supporting the market at lower levels — a positive sign for stability.
💬 Market Sentiment & Outlook
The Opening Bell for 06 October 2025 reflects a phase of healthy consolidation after last week’s volatile swings.
With global cues stabilizing and corporate earnings season around the corner, investors are likely to stay selective.
A sustained move above Nifty 25,000 could open the gates for the next leg of rally towards 25,300–25,500, while failure to hold 24,800 may trigger mild profit booking.
Bank Nifty remains the key driver — strength above 56,000 may lead to sectoral breakout.
Overall View:
➡️ Short-term Trend: Neutral to Positive
➡️ Strategy: Buy on dips near support levels
➡️ Bias: Mildly bullish till Nifty holds 24,800
🔔 Conclusion
The week begins with cautious optimism in the Indian stock market. While short-term volatility persists, the broader trend remains intact. Sectors like IT, Infra, and Private Banks could lead momentum if global cues stay supportive.
Investors should track upcoming events like U.S. inflation data and domestic PMI readings for directional cues.
Stay tuned for daily insights and intraday updates at CapitalKeeper.in for your trusted Opening Bell coverage.
📌 For more real-time updates, trade setups, and investment insights — follow us on [Telegram] and [WhatsApp Channel] subscribe to our newsletter!
📌 Disclaimer
The content provided on CapitalKeeper.in is for informational and educational purposes only and does not constitute investment, trading, or financial advice. While we strive to present accurate and up-to-date market data and analysis, we make no warranties or representations regarding the completeness, reliability, or accuracy of the information.
Stock market investments are subject to market risks, and readers/investors are advised to conduct their own due diligence or consult a SEBI-registered financial advisor before making any investment decisions. CapitalKeeper and its authors are not liable for any loss or damage, direct or indirect, arising from the use of this information.
All views and opinions expressed are personal and do not reflect the official policy or position of any agency or organization. Past performance is not indicative of future results.
By using this website, you agree to the terms of this disclaimer.
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.
📌 Follow Ranjit on:
LinkedIn | Twitter/X | Instagram | ✉️ contact@capitalkeeper.in