F&O TALK | Nifty ends a week at a high level, over 24,800, when rally steam increases. What is ahead of us? Sudeep Shah weighs

The markets organized recovery in the middle of volatility and closed themselves near the weekly heights, which, after a recent correction, caused a wide purchase. The initial session remained muted, but the feeling after the MPC announcement recorded a sharp turn. As a result, both benchmark indices showed almost 1%profits, with a handy end to 24,894,25 and Sensex to 81,207,17.

The announced RBI policy appeared as a key peak of the week. For monetary policy, the Repo Peace has grown to 5.5% for the second direct meeting, while upgrading the GDP FY26 growth estimate to 6.8% and trimmed its view of inflation. On the domestic macroeconomic front, the data represented a mixed picture – the growth of industrial output in August reduced 4% and in September the production PMI calmed down to 57.7. However, a clear place in September was 9.1% year -on -year increase in GST collections to 1.89 Lakh Crores, reflecting compliant consumer dynamics.

As a result, Sudeep Shah analyst, vice president and technical and derivatives of SBI Securities research interact with et markets in terms of Nifty and Bank Nifty, as well as the index strategy for the coming week. Followed by modified excerpts from his cat:

The markets exhaled on Wednesday after relief after relief. What are the markets look like now?

Benchmark Index Nifty packed a shortened week on a positive note and closed at 24,894 with a profit of 0.97%, supported by late Wek Rebound. In the daily chart, it created the Candlestick Record formula and Thereaft began to witness the Pullback Rally. The revival in the last two business sessions has added optimism and indicated a possible continuation of the sweaters rally.

The main catalyst of this step was the Nifty bank, which brought strong performance, over 2% and created a large bull candle on the weekly chart. The banking ratio chart of banks and nifty climbed to a high height of 30 salmons, emphasizing the relative power of the banking sector. The key contributors to this rally, managed the management of the management and the trust of investors, managed banking shares in front, such as Kotak Mahindra Bank, Axis Bank and HDFC Bank. In addition, the Nifty IT index, which underwent a correction phase, showed stabilization signs. The slowdown of its decline helps to support the wide market, help the sweater and reduce the disadvantage.

However, in order to gain a meaningful traction, the subsequent subsequent step in the coming week is necessary. Maintained purchase interest across the key sectors-especially in banking and names with large capital-will be essential for the conflict of the power of this recovery and avoiding another phase of consolidation or reservation of profit.

Speaking of levels, the 25,050–25 100 zone will act as a critical obstacle for handy, as the level of 61.8% Fibonacci is located in this area. A sustainable step above 25.100 could trigger a sharp rally with a pulp, a potential spreading towards the 25,400 brand, where other resistance may occur. On the other hand, the support zone 24 600–24 550 vital residues. Under this rage, it would be possible to invite the renewed sales pressure and dampen the momentum of recovery.

What is the view of the bank nifty right now?

This week, Bank Nifty brought stellar performance and definitely exceeds the wide market indices. Benchmark banking increased by 2%and closed a week over 55,500 with a stamp. This means its highest weekly close sale in the last week of July 2025 and underlines a strong revival of bank shares. On the weekly chart, the index created a large bulllish candle, reflecting a permanent shopping interest and a positive feeling throughout the industry.

The key drivers of this rally were Kotak Mahindra Bank, Axis Bank and HDFC Bank, which contributed to the ascending dynamics of the index. Their power helped to raise the overall tone of the banking space.

In terms of relative strength, the bank was skilful to a handy graph of 30 salmons, signaling clear, and consisting of overcoming banking shares via the frontline indexes. Technically, the index regenerated its key moving averages and strengthened the bull undertone. In addition, the daily RSI is on the verge of leveling 60 and remakes in a growing trajectory – a sign of strengthening movement.

Compared to the current structure of the graph, the index is likely to continue its day north and tests the level 56,200, followed by 57,000 in the short term. While at the disadvantage the 20-day EMA zone 55 000-54 900 will act for the index.

What is the view of FII statistics right now? They seem not to support right now. Do you think DIIS can maintain markets for a long time?

FII has been net sellers in recent months. In September 2025, Fiis withdrew around Rs. 35301 chicks from Indian shares, continuing in their vigilance output lane. In July and August, Fiis threw over 94.570 Rs in Indian events, pushed on the outstretched awards, weak earnings and global measures.

On the other hand, Diis was aggressive steppe. In the last three months there has been a pure influx from DIIS to 2.21 111 crore RS. Despite the outflows of the FII, home flows have helped to anchor the markets.

Historically, DIIS often has aggressive aggressive, when they sell FII, acts as a stabilizer. Their flows are more stable because they control domestic savings, SIPs and support policy. With greater retail participation and domestic institutional capital, the depth and resistance of the market is improving.

If he said, if external headwinds such as interest rate changes, the power of the US dollar, the tension of trade, domestic flows may not be enough to compensate for them. In the near future, DIIS can help maintain and stabilize markets, especially in the volatile external entern where the FII remain careful.

If the FII remain absent, the markets can still get up, but the pace and width may remain limited. But for a sustainable, sustained ascending trend, the need to turn FII flows or renewed foreign trust is probably the need to turn FII flows.

Which industry do you now focus on?

Technically, Nifty Metal, Nifty PSU Bank, Nifty Private Banks, Nifty CPSE, Nifty PSE and Nifty Financial Services are likely to continue to overcome in the short term.

On the other hand, on the other hand, that, skillful consumer sustainable, handy FMCG, Nifty Pharma, Nifty Healthcare and Nifty Realty will probably be in the short term.

Any shares in these sectors?

Technically, Kotak Bank, Bharat Electronics, Bhel, Canara Bank, Panjab National Bank, JSW Steel, Tata Steel, National Aluminum, Shyam Metalics and Minda Corp look good.

(Renunciation: Recommendations, proposals, opinions and opinions provided by experts are their own. Those do not sell opinions on economic times)