The rebound was driven by improved sentiment following the Reserve Bank of India’s Monetary Policy Committee (MPC) meeting, where the central bank decided to maintain status quo on key policy rates.
The MPC kept the repo rate unchanged at 5.5% for the second consecutive meeting, reiterating its focus on supporting growth while keeping inflation within target.
The decision, coupled with a neutral tone from the RBI, boosted market confidence and helped offset some of the recent weakness.
As the Q2FY26 earnings season kicks off, investors are expected to closely track corporate results for cues on the sustainability of earnings growth.
Last week’s time clusters played out accurately, helping traders capture both intraday highs and lows effectively.
Key Time Clusters for the Week (Oct 6 – 10, 2025)
Monday, Oct 6: 9:20 am – 11 am; 12:10 pm
Tuesday, Oct 7: 9:20 am – 11:45 am; 12:20 pm; 1:15 pm
Wednesday, Oct 8: 10:15 am – 11:15 am; 1 pm; 2:45 pm
Thursday, Oct 9: 10:15 am – 11:10 am; 12:40 pm; 2:05 pm
Friday, Oct 10: 11:15 am – 12:20 pm; 1 pm; 2:25 pm
Nifty Spot Levels to Watch
Resistance: 24,978; 25,001; 25,035; 25,082; 25,145; 25,322; 25,434
Support: 24,850; 24,805; 24,688; 24,647; 24,538; 24,458; 24,382; 24,142
Trading Outlook
October 6 & 7 are key dates to watch for potential momentum in the market.
October 9 is projected as a highly significant day, likely to witness sharp movements.
Traders are advised to monitor intraday price action closely around these dates while keeping an eye on the stated support and resistance levels.
With global cues stable and domestic earnings set to take center stage, short-term volatility is likely, but analysts remain optimistic that the broader trend could stay constructive as long as Nifty holds above key support zones.
(The author, Harshubh Mahesh Shah, is Director at Wealthview Analytics Pvt Ltd. SEBI Registration – INH000009676.)
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of The Economic Times.)
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