Let’s take a quick look at the S&P BSE Sensex Index chart as of 06 October 2025. Sensex closed the day at 81,790, gaining about +582 points or +0.72%, showing strong buying momentum.
On the technical side, the index has formed a solid support zone between 80,700 and 79,700 —
a level where buyers have stepped in multiple times, keeping the trend stable.
On the upside, the first resistance zone is placed between 83,100 and 83,900. A breakout above this zone could push the Sensex towards 84,150 to 85,950 levels in the coming sessions.
However, if the support zone fails to hold, we could see a pullback towards 79,700 or even 78,000 levels. The trendline on the daily chart still shows a slightly downward slope, indicating a consolidation phase in the medium term.
But strong performance from Banking, Financials, and Oil & Gas sectors could drive the index higher in the short term.
as long as the Sensex holds above 80,700, the trend remains positive to neutral with potential upside momentum ahead.
Stay tuned — because in the coming weeks, a decisive breakout or a pullback could bring major trading opportunities!
Nifty 50
Let’s take a quick look at today’s Nifty 50 market update and technical analysis!
The current market level is around 25,077, and this area is acting as a crucial resistance zone on the chart.
Let’s look at the resistance zones first:
The first major resistance lies between 25,200 – 25,400. The next key hurdle or gap resistance is seen between 25,800 – 26,000.
And the ultimate resistance zone stands around 26,200 – 26,400, where Nifty has previously faced heavy selling pressure.
Now, talking about support zones:
The first strong support is around 24,600, followed by another base near 24,300. If the index breaks below these, the next strong support comes near 23,800 – 23,900.
Chart pattern analysis:
Nifty is currently moving in a sideways range, roughly between 24,300 and 25,400. A breakout above 25,400 could trigger a fresh bullish momentum, while a breakdown below 24,300 might lead to a short-term correction.
The market is at a decisive point — whichever side breaks first will define the next trend.
Traders should focus on these levels, manage their entries with discipline, and always protect with stop-losses.
That’s all for today’s Nifty 50 Daily Technical Analysis.
Remember — in the market, patience and discipline are your strongest indicators.
Bank Nifty Index
Now let’s talk about the Bank Nifty Index, dated 06 October 2025. Bank Nifty showed strong momentum today — closing around 56,104, up nearly 0.93%.
The index has given a decisive breakout above its short-term resistance trendline, which is a positive technical signal for the bulls.
Technical View:
The first major support lies near 55,140 — this level will act as a cushion for any downside moves.
Below that, the next support zone stands around 53,500. On the upside, immediate resistance is placed near 57,000 – 57,100.
A successful breakout above 57,100 could open the doors for a rally toward 57,600 – 57,700.
Trend Insight:
The price action suggests that bulls are regaining control, and if Bank Nifty sustains above 55,800, we might see momentum carry forward in the coming sessions.
However, traders should keep an eye on profit booking near resistance levels.
Bank Nifty has broken out of a falling trendline, turning the short-term structure positive. As long as it holds above 55,000, the outlook remains bullish with targets near 57,600.
So that’s the quick Bank Nifty Technical Update for today —
Momentum is picking up, trendline breakout confirmed, and bulls seem to be back in the driver’s seat!
Is the market bullish or bearish now?
Neutral to mildly bullish, as long as support holds.
Which sectors supported today’s rise?
Banking, Financials, and Oil & Gas sectors led the rally.
Disclaimer:
All content shared by STOCK OVERVIEW is purely for educational and informational purposes only. We do not provide any investment advice or stock recommendations. Please consult a SEBI-registered financial advisor before making any trading or investment decisions. This content is created solely to help and guide you with market awareness. STOCK OVERVIEW will not be held responsible for any financial gains or losses arising from the use of this information.
Welcome to Stock Overview! Expand your knowledge about the stock market and invest smarter. I started this channel to help everyone understand the basics of the stock market. When you meet a SEBI-registered advisor or a mutual fund distributor, you should be able to understand their suggestions clearly. This is only possible when you’ve done your minimum homework from your side. My goal is to empower you to make informed financial decisions confidently.