Nifty 50, Sensex today: What to expect from stock market indices in trade on October 25

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Sensex slipped 825.74 points to end at 64,571.88, while the Nifty 50 plunged 260.90 points and closed at 19,281.75. Nifty 50 formed a long bear candle on the daily chart, which indicates sharp break down in the market. “Nifty has broken below the immediate supports of 19,480 and 19,330 levels in one session.

The weekly crucial support of 20 week EMA has been broken on the lower side at 19,340 levels as per intra-week," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities. He believes the short term trend of Nifty continues to be negative. Also Read: 6 things that changed for the stock market overnight - Gift Nifty, US corporate earnings to China stimulus plan “Having moved below the support of 19,330, one may expect the Nifty to slide down to 18,825 levels-200 day EMA in the near term.

Any attempt of upside bounce could encounter resistance around 19,400 levels," said Shetti. Here’s what to expect from Nifty and Bank Nifty today: On the daily chart, the Nifty 50 index formed a substantial bearish candle, signaling a bearish trend. “Nifty seems to have a demand zone in the range of 19,250 to 19,200, acting as a support level.

If this zone is breached, the index may target the lower side, reaching levels around 19,000 to 18,800. Conversely, resistance levels are situated at 19,550 to 19,600," said Mandar Bhojane, Research Analyst, Choice Broking. He believes the market sentiment remains negative.