Nifty 50, Sensex Today: What to Expect from Indian Stock Market in Trade on October 20 Ahead of Diwali 2025

The Indian stock market benchmark indices Sensex and Nifty 50 are likely to open higher on Monday, following upbeat global market cues. The trends on Gift Nifty also indicate a gap-up start for the Indian benchmark index. The Gift Nifty was trading around 25,965, a premium of nearly 207 points from the Nifty futures’ previous close. On Friday, the Indian stock market ended higher, extending its rally for the third consecutive session, with the benchmark Nifty 50 closing above 25,700 level. The Sensex jumped 484.53 points, or 0.58%, to close at 83,952.19, while the Nifty 50 settled 124.55 points, or 0.49%, higher at 25,709.85. Here is what to expect from Sensex, Nifty 50 and Bank Nifty today: Sensex Prediction Sensex is holding higher high and higher low range formation on daily and intraday charts. For the week, Sensex rose 1.76%, marking its third consecutive week of positive close. On weekly charts, a long bullish candle has formed. “We believe that the short-term market texture is bullish, but due to temporary overbought conditions, some profit-taking may occur at higher levels. For Sensex traders, 83,000 – 82,400 will act as key support zones, while 84,400 and 85,300 will be the crucial resistance levels below the bull 20r. Amol would become vulnerable,” Amol Athawale, VP Technical, said Research, Kotak Securities. Sudeep Shah, Head – Technical and Derivative Research at SBI Securities, believes the Sensex is likely to continue its northward journey in the near term, with potential to test 84,600, followed by 85,000. “On the downside, the zone of 83,200 – 83,100 will act as an important support area, protecting against any short-term volatility,” Shah said. Nifty 50 Prediction Nifty 50 has formed a long bull candle on the daily chart, which is back to back for the second consecutive session. For the week, Nifty 50 rose 1.68%, marking its third consecutive weekly gain. “The current bullish chart pattern indicates a decisive breakout from a crucial hurdle like downward trend line around 25,400 – 25,500 levels. Nifty 50, on the weekly chart, has formed a long bullish candle that has crossed the crucial trend line resistance around 25,500. Shetti, Senior Technical Research Analyst at HDFC Securities. The following upside target to watch is around 26,200, and immediate support is placed at 25,500, he added. Puneet Singhania, Director at Master Trust Group noted that the bullish momentum in Nifty 50 is supported by heavyweights trading above key EMAs, a positive MACD and RSI near 70, indicating strong buying interest. “Resistance is expected near 26,000, where a breakout could push the index to all-time around 26,300. On the downside, the 25,400 – 25,500 zone remains critical support, providing a strong base for sustained upside amid positive market sentiment and healthy inflows,” Singhania said. According to Sudeep Shah, as per the measure of the Symmetrical Triangle Pattern, the medium-term upside target for Nifty 50 becomes 26,730 placed, while the 25,400 – 25,350 support zone on the downside will be crucial to watch, acting as a buffer against any short-term volatility. Bank Nifty Prediction Bank Nifty ended 290.80 points, or 0.51%, higher at 57,713.35, forming a solid bullish candle on the daily chart. For the week, Bank Nifty with Up 1.95%, up for the third consecutive week and trading above both the 21-day and 55-day EMAs, indicating sustained bullish momentum. “Bank Nifty index continues to maintain a clear pattern of higher highs and higher lows, confirming a continued upside bias. The RSI, placed at 74, remains firmly in positive territory, indicating strong momentum, while the MACD continues to advance. The short-term moving averages also remain positively aligned, reinforcing the ongoing uptrend,” said Omnical Research Sehrcurend, SAMCO. According to him, the support for Bank Nifty is placed near 57,400 – 57,300, while a sustained move outside this zone could open the way to 58,200 – 58,350. Overall, he believes Nifty Bank remains in a strong position, and any slight pullback could considered a buying opportunity. Hrishikesh Yedve, AVP Technical and Derivative Research, Asit C. Mehta Investment Intermediates Ltd noted that the Bank Nifty index formed a bullish candle on both the daily and weekly charts, reflecting continued strength. “On the downside, major support for Bank Nifty is near the bullish gap zone around 56,920 placed As long as the index holds above 56,920, the ongoing bullish momentum is likely to continue. On the downside, Bank Nifty may extend the rally towards 58,000 – 58,500 levels are recommended to maintain traders. Bright for the short term,” said Yedve. Bajaj Broking Research said Bank Nifty has formed a strong bullseye with higher high and higher low, signal strength. “Going forward, bias remains positive and the Bank Nifty index may move towards 58,500 and 59,000 levels in the coming sessions, with immediate support placed at 57,000 – 56,700 levels from the recent low and recent gap area,” the brokerage said. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage firms, and not of Mint. We advise investors to check with certified experts before making any investment decisions.