Opening Bell 29 Sept 2025: Nifty Steady at 24,650, Bank Nifty Eyes 55,000 Resistance
By CapitalKeeper | Market Opening | Intraday Ideas | Market Moves That Matter
Indian Stock Market Opening Bell 29 Sept 2025 – Nifty trades near 24,650 support, Bank Nifty tests 55,000 resistance. Sectoral trends, intraday stocks, and global cues explained with technical analysis.
Opening Bell 29 Sept 2025: Nifty Holds Support, Bank Nifty Eyes 55,000 as Key Resistance
Market Overview – 29th September 2025
The Indian equity market opened the new week on a cautious yet stable note. On Friday, 26th September 2025, we witnessed volatility driven by F&O expiry and mixed global signals. Today, 29th September 2025, the opening bell reflected an attempt by the bulls to defend crucial support levels.
- Nifty 50 closed at 24,654.70, opening higher at 24,728.55.
- Bank Nifty closed at 54,389.35, opening at 54,588.77.
- Sensex closed at 80,426.46, opening at 80,588.77.
- Fin Nifty closed at 25,985.25, opening at 26,016.90.
This setup indicates that the markets are attempting to stabilize after last week’s declines. However, traders should remain alert, as both Nifty and Bank Nifty are near critical inflection points.
Nifty 50 Technical Outlook
The Nifty 50 has been consolidating after its recent correction. The index is hovering close to the 24,650 – 24,600 support zone, which has held for three consecutive sessions.
- Support Levels: 24,650 – 24,600 (immediate), below which 24,400–24,300 may act as the next cushion.
- Resistance Levels: 24,800 (near-term), a breakout above which may open the gates towards 25,000.
📌 Strategy for Traders:
Intraday traders can adopt a buy-on-dips strategy near 24,650–24,600 with stop loss at 24,500. However, any sharp rejection from 24,800–25,000 may trigger profit booking.
Bank Nifty Technical Outlook
Banking stocks remain in focus as Bank Nifty struggles to break past the 55,000 resistance zone. The index opened firm at 54,588.77 but has been unable to sustain momentum due to heavyweights like HDFC Bank and ICICI Bank showing mixed signals.
- Resistance Zone: 55,000 remains a crucial supply area. Above this, 55,400–55,800 may trigger short covering.
- Support Zone: Immediate support lies at 54,000, and a breach below could drag the index towards 53,600–53,400.
📌 Strategy for Traders:
Fresh longs can be considered only above 55,000 with tight stop losses. Until then, a sell-on-rise approach may be safer in intraday trades.
Sensex Outlook
The Sensex, mirroring Nifty, is attempting to defend the 80,000 level. While the opening above 80,500 hinted at bullish intent, the lack of follow-through buying suggests caution.
- Support: 80,000 psychological level remains a strong support zone.
- Resistance: 81,000–81,200 zone remains the hurdle to cross.
Fin Nifty Technical Outlook
Fin Nifty remains resilient, opening above 26,000. The index is closely aligned with banking moves and is likely to mirror the sentiment of private lenders.
- Support: 25,900–25,850 zone.
- Resistance: 26,200–26,400.
📌 A breakout above 26,400 could accelerate gains in financials and turn sentiment bullish for Nifty as well.
Global Market Cues
- US Markets: Wall Street closed mixed last Friday amid concerns about the Fed’s interest rate outlook. Nasdaq remained under pressure from tech selling, while Dow Jones held firm on value buying.
- Asian Markets: Mixed signals with Nikkei higher, Hang Seng under pressure due to property sector weakness, and Shanghai trading flat.
- Commodities: Crude oil prices are stabilizing near $80 per barrel after OPEC supply comments. Gold remains steady around $2,400, showing resilience amid global uncertainties.
- Currency: INR remains stable against the USD at ~₹83.10, but any sudden weakness may weigh on import-heavy sectors.
Sectoral Watchlist
🔹 IT Sector
Infosys, TCS, and Tech Mahindra may stay in focus with Nasdaq weakness influencing sentiment. Mid-cap IT like Coforge continues to show resilience.
🔹 Banking & Financials
Private banks are struggling at higher levels, while PSU banks show strength. Watch for SBI and PNB for momentum trades.
🔹 Auto Sector
With festival demand around the corner, Tata Motors, Hero MotoCorp, and Maruti Suzuki remain attractive for positional buyers.
🔹 Metals & Energy
Global commodity prices are stabilizing, and Tata Steel, Hindalco, and JSW Steel may see momentum. Reliance opening flat after Nifty’s gap-up remains noteworthy.
🔹 FMCG & Consumer Durables
Hindustan Unilever and ITC remain defensive bets. Voltas and Blue Star may attract intraday traders given rising demand momentum.
Intraday Stock Picks – 29 Sept 2025
- Coforge – Buy near 1,546, Target 1,600, Stop Loss 1,542.
- Blue Star – Buy around 1900, Target 1,950, Stop Loss 1,870.
- Hero MotoCorp – Buy on dips around 5,000, Target 5,120, Stop Loss 4,950.
- Tata Motors – Buy near 675, Target 700, Stop Loss 660.
- SBI – Watch for breakout above 850 for upside targets of 900+.
Key Market Events to Track
- FII/DII Flows: FIIs were net sellers last week. Watch whether they turn buyers near key support levels.
- Macro Updates: Inflation data expected this week may set tone for RBI policy in October.
- Corporate Developments: PSU disinvestment news and quarterly earnings pre-updates may drive stock-specific action.
Conclusion
The Opening Bell on 29th September 2025 highlights a market at crossroads. Nifty is firmly holding 24,650–24,600 support, while Bank Nifty eyes the 55,000 hurdle. Until a breakout occurs, range-bound trade with buy-on-dips and sell-on-rise strategies will dominate.
Sectors like IT, Auto, Metals, and PSU Banks remain in focus. Traders should watch global cues and FII flows for the next directional move.
👉 If Nifty sustains above 24,800, the market may turn bullish towards 25,000. On the flip side, a breach below 24,600 could invite fresh selling pressure.mestic triggers bring in buying support.are likely to remain in a buy-on-dips environment with selective stock picking.
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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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