Nifty Outlook: Nifty bulls were quite bullish till the last trading day of last week. Because the index made a new weekly high. Finance stocks showed a bullish path. However, now investors fear that this boom will not last long. Especially, in view of the heavy tariffs imposed by US President Donald Trump on China on Friday and weekend.
Now let us understand from the experts how the movement of Nifty will be on Monday, 13th October and which levels will be important. But, before that, let us know what special happened in the market last week.
Market performance last week
The Nifty 50 index gained 1.6% last week, its best in the last three months. The index also made a weekly high of 25,330. It has been a gainer for five out of six consecutive weeks. But, after recent developments, challenges may increase in Monday’s trading session.
Impact of US-China tension
US President Donald Trump said on Friday that America will impose 100% more tariffs on imports from China from November 1. He claimed that China has recently shown a ‘hostile’ attitude. Trump has also banned the export of important software.
After Trump’s announcement, the US stock market fell by $2 trillion in a single day. Crypto and other risky assets also suffered huge losses. US stocks lost all the week’s gains in a single day.
Experts believe that it will not have a direct impact on India. But, if the sentiment in the global market weakens, then movement can be seen in the Indian market also.
Which stocks will be focused on
The market’s reaction will be seen on the results of Avenue Supermarts on Monday. IT giant HCLTech will also announce its results. Anand Rathi Wealth will also report results on Monday.
Also, India’s biggest IPO of 2025, Tata Capital, is scheduled to list on Monday. At the same time, this is the last trading day for Tata Motors, before the record date of demerger of its commercial vehicle business. The stock will trade without its CV business the day after the record date.
Expert opinion on Nifty
In the last session, Nifty had closed with a slip of about 50 points from its upper levels, but due to the rise throughout the week, there was no concern about this fall. The first important support zone on the downside will be 25,250-25,150, as Friday’s intraday low was made at 25,156. At present the level of 25,000 is a bit far away, but if the market opens gap-down on Monday then this level may come into focus again.
Amol Athawale of Kotak Securities said that 20-DMA (25,000) will be an important support for Nifty. If this level is broken, the current uptrend may weaken and traders may need to exit their long positions. At the same time, the next hurdle on the upside will be 25,448. If this level is crossed then Nifty can reach 25,700.
According to Nagaraj Shetti of HDFC Securities, at present the uptrend continues in Nifty and the next target will be the high of September 18, 25,450. At the same time, support at the lower level remains at 25,150.
However, it is important to keep in mind that the opinions of all these experts were given before Trump announced tariffs on China.
nifty bank status
Nifty Bank was the best performer last week. It increased further by 2%. The index rose in eight of the last nine trading sessions and gained more than 3,500 points during this period. As of Friday’s close, the index was just 1,000 points away from its historic high.
The area of 56,200-56,000 will remain important for a possible downside move. On the upside, Friday’s high of 56,760 will be important, as the index closed with a fall of more than 150 from this level.
Resistance to Bank Nifty
Hardik Matalia of Choice Broking said that Bank Nifty may face strong resistance between 56,800-57,000. He advised traders to remain cautious. Adopt a buy on dips strategy and follow strict stop-loss amid market fluctuations. This will allow the risk to be handled in a better way.
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