Stock Market Technical Analysis | 15th to 21st Sep 2025 Weekly Wrap
22 Sep 2025
Stock Market Technical Analysis
Indian equity markets ended higher with Nifty and Bank Nifty extending gains, driven by PSU banks and select large-caps, even as FIIs stayed net sellers. Here’s your weekly wrap of key movers, sectors, and derivatives outlook.
Expert recommendation by:
- Mr. Ketan Kaushik - Derivative Analyst
Equity
- Benchmark Index traded with positive bias in the previous week before closing with 0.85% gain at 25327 level. Banking Index outperformed the benchmark index as it closed with 1.19% gain at 55459 level.
- Among the Nifty constituents, ADANIENT and ETERNAL outperformed the benchmark index as they closed with 5.52% and 4.71% gains while TITAN and ASIANPAINT underperformed as they closed with 2.93% and 2.54% cut respectively. Among the Bank Nifty constituents BANKBARODA outperformed the benchmark index as it closed with 6.15% gain while ICICIBANK underperformed as it closed with 1.09% cut.
- Among sectors, NIFTYPSUBANK index outperformed the benchmark index during the previous week as it is closed with 4.83% gain while NIFTYFMCG index underperformed as it closed with 0.50% cut. Broader market outperformed the benchmark index as both MIDCAP index and SMALLCAP index closed with 1.49% and 2.86% gains respectively.
- Volatility index (India VIX) closed with 1.88% cut at 9.93 level.
- FII were net sellers as they sold stocks worth Rs 1,327 Cr while DII were net buyers as they bought stocks worth Rs 11,177 Cr during the previous week in the cash segment.
- Globally, equity markets traded mixed as US market (DJIA) closed with 1.05% gain while European markets (STOXX 600) closed with 0.13% cut.
Derivatives
- Derivatives data for Nifty suggest max OI addition at 25400 call and 25300 put with max OI at 26000 call and 25300 put side (23th Sep expiry). Nifty cumulative PCR closed at 0.94 for Sep 19.
- Derivatives data for Bank-nifty suggest max OI addition at 55500 call and 51000 put with max OI at 56000 call and 54000 put side (30th Sep expiry). Bank-nifty cumulative PCR closed at 1.03 for Sep 19.
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Performance:
Indices
| INDEX | Close | Weekly % Change |
|---|---|---|
| NIFTY 50 | 25327.05 | 0.85 |
| BANK NIFTY | 55458.85 | 1.19 |
| FINNIFTY | 26527.6 | 0.62 |
| NIFTYNEXT50 | 69736.6 | 2.26 |
| MIDCAP SELECT | 13240.5 | 1.20 |
| SENSEX | 82626.23 | 0.88 |
| VIX | 9.93 | -1.88 |
Source: NSE
Sector Gainers/Losers
| INDEX | Close | Weekly % Change |
|---|---|---|
| NIFTY AUTO | 27219.55 | 1.31 |
| NIFTY FMCG | 56273.05 | -0.50 |
| NIFTY IT | 36578.25 | 1.29 |
| NFTY METAL | 9989.9 | 1.08 |
| NIFTYPHARM | 22686.6 | 1.55 |
| NIFTY PSE | 9869.85 | 2.19 |
| NIFTYPSUBA | 7397.75 | 4.83 |
| NIFTYPVTBA | 26972.4 | 0.95 |
| NIFTY REALTY | 923.5 | 4.43 |
| NIFTY MEDIA | 1619.45 | -0.10 |
| NIFTY IND DEFENCE | 8318.8 | 3.41 |
| NIFTYMIDCA | 59094.35 | 1.49 |
| NIFTYSMLC | 18504.55 | 2.86 |
Source: NSE
FII / DII ACTIVITY (WEEKLY)
| INDEX | Rs IN CR |
|---|---|
| FII | -1,327 |
| DII | 11,177 |
Source: NSE
SUPPORT/RESISTANCE LEVEL FOR UPCOMING WEEK
| INDEX | BIAS | S2 | S1 | CLOSE | R1 | R2 |
|---|---|---|---|---|---|---|
| NIFTY | VOLATILE | 24800 | 25000 | 25327.05 | 25700 | 25900 |
| BANK NIFTY | VOLATILE | 54000 | 54500 | 55458.85 | 56400 | 57000 |
| FINNIFTY | VOLATILE | 25900 | 26100 | 26527.6 | 26900 | 27200 |
Source: NSE
DAILY EXPONENTIAL MOVING AVERAGE
| INDEX | CLOSE | 9 DAYS | 21 DAYS | 50 DAYS | 100 DAYS | 200 DAYS |
|---|---|---|---|---|---|---|
| NIFTY | 25327.05 | 25169 | 25000 | 24903 | 24722 | 24367 |
| BANK NIFTY | 55458.85 | 55098 | 54941 | 55188 | 54886 | 53720 |
| FINNIFTY | 26527.6 | 26395 | 26275 | 26317 | 26114 | 25398 |
Source: NSE
TECHNICAL OUTLOOK
NIFTY (WEEKLY)
- Benchmark index traded with positive bias in the previous week and closed with bullish candlestick formation on the weekly chart
- Benchmark index is likely to trade volatile in coming week.
- Benchmark Index has support at 25,000 – 24,800 level and resistance at 25,700 – 25,900 level
BANKNIFTY (WEEKLY)
- Banking index outperformed the benchmark index and closed with bullish candlestick formation on the weekly chart
- Banking index is likely to trade in line with the benchmark index
- Banking index has support at 54,500-54,000 and resistance at 56,400 -57,000 level
FINNIFTY (WEEKLY)
- FINNIFTY index underperformed the banking index and closed with indecisive candlestick formation on the weekly chart
- FINNIFTY is likely to trade in line with the banking index in the coming week
- FINNIFTY has support at 26,100-25,900 level and resistance at 26,900-27,200 level.
Disclaimer - Investments in securities market are subject to market risk, read all the related document carefully before investing.
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