Nifty Outlook :- 29.09.2025 - CFA Hitesh Somani

 CFA Hitesh Somani

MD - Aapka Investments 
Website - https://www.aapkainvestments.in

Big fall in markets from last 7 consecutive days, Nifty now’s 24680 from 25520. What next?

From last two weeks markets are witnessing heavy downside moves and nifty is now almost 900 points down from the recent peak. This is a big sharp correction dragging the markets down amid different tariff changes by United States. This time US imposed 100% tariffs on the pharma products and this has affected the Indian pharma companies badly. Both IT and Pharma Companies are in bad situations right now and prices are falling sharply.

Nifty fell sharply and made a fresh low near 24680 levels on Friday. Now nifty is near to its major support @ 24500 levels. If in the upcoming week nifty breaks and closes below 24500 then markets may fall further and nifty may hit near 24200 levels soon while if it manages to take support at current levels and closes above 24800 then we may see nifty back on track and markets may go above 25000 again.

Bank Nifty also fell sharply in the last week and especially on Friday it fell more than 600 points to close below 54500 levels, now banknifty has a major support @54000 levels which is a bi psychological support if banknifty closes below that level then we can expect 53500 and 53000 levels soon while if it manages to close above 54700 levels again we can see it towards 55000 and 55500 again.

Important Levels for Nifty Next Week

• Major Support Levels for Nifty
• Support 1 – 24500
• Support 2 – 24300     
• Support 3 – 24100 

• Major Resistance Levels for Nifty
• Resistance 1 – 24700
• Resistance 2 – 24950
• Resistance 3 – 25250

Important Levels for Banknifty Next Week

• Major Support Levels for Banknifty
• Support 1 – 54300
• Support 2 – 54000
• Support 3 – 5370

• Major Resistance Levels for Banknifty
• Resistance 1 – 54950
• Resistance 2 – 55450
• Resistance 3 – 55950

Important Stocks to Watch Next Week

1) ALIVUS
CMP @ 940
Buy Above @ 948
Stop Loss Below @ 890
Targets @ 1010, 1090 and 1190

2) TORNTPHARMA

CMP @ 3560
Buy Above @ 3700
Stop Loss @ 3490
Targets @ 3790, 3890 and 3990

3) NUVAMA

CMP @ 6115
Buy Above @ 6240
Stop Loss @ 5995
Targets @ 6320, 6450 and 6600