Bullish candle on the weekly chart for the week ended Oct 3, 2025 - What lies ahead for the Indian Market?

The Indian market looks set for a surge in the next week going by the candle on the weekly charts of Nifty as well as broader indices. Consider below -

1️⃣ Nifty - Bullish Harami right at support after a long red the previous week

2️⃣ Banknifty - Bullish Engulfing candle with a breakout imminent from a 1-2-3 bottom

3️⃣ Nifty IT - A very narrow range Bullish Harami candle after a sell signal on breach of support the previous week - a sell failure. Looks all set for a big rise next week.

4️⃣ Nifty Midcap - Bullish Harami in range after a long red candle

5️⃣ Nifty Smallcap - Bullish Harami in range after a long red candle

The broader picture indicates the pull back this week to gather steam the next week, catching up with the bullish momentum in the global indices. The global picture remains bullish, with many European indices breaking out last week to new ATHs. Consider below-

👉 The US markets continue to make new ATHs, including last week

👉 FTSE100 has broken to a new ATH last week after a five week consolidation

👉 DAX and CAC are very close to breaking above their ATH after a 5 month consolidation near the ATH

👉 Stoxx 50 has already broken above its ATH last week after a 5 month

consolidation

👉 Hang Seng, Nikkei, Kospi, ASX200 (Australia) - steady rise in an upward trend to new All Time or Intermediate highs

In summary, the Indian markets look all set to move higher next week with the Banknifty leading from the front. The charts are in sync and the global cues are mostly supportive.

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