Global cues remain firm as Wall Street extends gains. SGX Nifty hints at a positive start with bullish undertone in banking and IT sectors.
📘 Introduction
Indian markets are poised for a positive opening on Wednesday, 9 October 2025, as global sentiment continues to favor risk assets. The SGX Nifty indicates a mildly bullish start for the Nifty 50, supported by strong cues from U.S. and Asian markets. Investors will keep an eye on quarterly earnings, crude oil prices, and global macroeconomic updates.
🌍 Global Market Overview
🗽 United States
Wall Street ended higher for the fourth consecutive session on optimism around inflation data and corporate earnings. The Dow Jones gained 0.42%, the S&P 500 rose 0.36%, while the Nasdaq Composite advanced 0.52% led by tech giants like Apple and Nvidia.
🌏 Asia
Asian markets followed the U.S. lead, trading mostly in green. Japan’s Nikkei 225 rose 0.31%, Hong Kong’s Hang Seng gained 0.44%, and South Korea’s KOSPI added 0.28%. The Shanghai Composite traded flat as traders awaited fresh economic data.
💶 Europe
European indices closed mixed amid energy price fluctuations. The FTSE 100 slipped 0.11%, while the DAX edged up 0.24% and the CAC 40 gained 0.15% on optimism in the industrial sector.
💵 Commodities & Currency Check
- Brent Crude: $84.30/bbl (−0.15%)
- Gold: $2,342.50/oz (+0.22%)
- USD/INR: 82.91 (flat)
- Bitcoin: $63,580 (+0.8%)
🇮🇳 SGX Nifty Outlook
The SGX Nifty was trading 48 points higher around 24,110 as of early morning trade, suggesting a positive start for the Indian indices. Analysts expect Nifty to open above 24,000 and possibly test 24,200 if buying continues in financials and IT stocks.
📊 Market Setup — Nifty, Sensex & Bank Nifty
On 8 Oct 2025, Nifty closed above 24,000 for the first time this month, while Sensex ended above 79,000. Bank Nifty led the rally with gains over 1.4% on strong buying in private banks.
- Nifty 50: Support at 23,920 | Resistance at 24,180
- Sensex: Support at 78,720 | Resistance at 79,300
- Bank Nifty: Support at 52,120 | Resistance at 52,600
Traders should maintain a bullish bias with a buy-on-dips approach, as the overall structure remains strong.
— 9 Oct 2025 Morning Market Setup
📈 Technical Outlook — SuperTrend + EMA Strategy
According to the SuperTrend (10,3) and 20-EMA setup on daily charts:
- Nifty 50: SuperTrend remains in a buy zone since 2 Oct, with price comfortably above 20-EMA (23,970). RSI at 63 indicates mild bullish momentum.
- Bank Nifty: Fresh SuperTrend crossover seen on 7 Oct — bullish bias continues. Immediate resistance lies near 52,600 and support around 52,000.
- Sensex: Trending above 20-EMA (78,900) with strong volume buildup. Next resistance visible near 79,400.
📊 Technical View: Traders should maintain a bullish bias with strict stop loss below immediate supports. Profit booking may emerge near upper resistance levels.
💼 Stocks in Focus Today
- Reliance Industries: Eyes on telecom tariff hike buzz; positive momentum expected above ₹3,120.
- HDFC Bank: Continued FII buying; breakout expected if sustains above ₹1,670.
- Infosys: IT stocks may outperform; target ₹1,670–₹1,685 short term.
- Tata Motors: EV segment demand growing; support ₹958, resistance ₹984.
- Power Grid: Consolidation likely; watch for breakout above ₹322 zone.
🔍 FII & DII Activity
- FII: Net bought ₹1,220 crore on 8 Oct
- DII: Net sold ₹480 crore
Foreign inflows continue into Indian equities as risk appetite improves globally. Domestic institutions booked partial profits after two strong sessions.
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🧠 Trading Strategy for Today (9 Oct 2025)
Maintain a cautiously bullish tone with selective long trades on dips. Avoid chasing rallies, especially if Nifty faces resistance near 24,180–24,200 levels.
- 🎯 Intraday Buy Zone: Nifty above 24,020
- 🚫 Stop Loss: 23,950
- 🎯 Target: 24,150–24,200
📢 Market Wrap-Up Expectation
The overall structure remains bullish with strength in financials, IT, and FMCG. Volatility might pick up ahead of key corporate earnings. Global cues, crude prices, and institutional flow will guide intraday momentum.
❓ Frequently Asked Questions (FAQ)
1. What is the SGX Nifty and why is it important?
The SGX Nifty is the Singapore Exchange’s futures contract on the Nifty index. It reflects early market sentiment before Indian markets open.
2. Which sectors are expected to lead today?
Banking, IT, and auto sectors are showing the strongest setup on technical indicators and volume action.
3. What are today’s key support and resistance levels?
Nifty support: 23,920 | Resistance: 24,180 — traders should trail stop loss for long positions.
4. How should new traders approach today’s session?
Trade light with proper stop losses and avoid over-leveraging. Focus on top stocks with strong institutional participation.
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