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Published on 29-10-2025 10:46 am

Market Outlook

The Nifty 50 closed at 25,936 after a volatile session, oscillating within the 25,800–26,000 range. On the derivatives front, fresh Call OI build-up at the 26,000 strike for the upcoming weekly expiry of November month indicates an immediate resistance zone, while major Put OI at the 25,800 and 25,700 strikes continues to act as immediate support. Amid the on going consolidation phase, a decisive breakout beyond either side of this range will be crucial in determining the next directional move

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Published on 29-10-2025 10:45 am

BANK NIFTY

* The banking index concluded the session in positive territory after experiencing significant intraday volatility.

* Following a sharp decline in the first half, the index rebounded strongly, forming a V-shaped recovery which signaled underlying resilience.

* With the exception of ICICI Bank and Axis Bank, most constituents supported the upward movement, led by IndusInd Bank and AU Bank.

* From a technical perspective, the index faces key resistance near 57,500, while support around 59,000 remains a critical level for traders.

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Published on 29-10-2025 10:45 am

Nifty

* Nifty traded choppy on the monthly expiry day and ended flat, largely continuing the ongoing consolidation phase.

* After an initial uptick, the Nifty index witnessed sharp swings throughout the session before finally settling at 25,936.20.

* We maintain our bullish outlook despite the consolidation and recommend focusing on stock selection based on relative strength.

* Sectors such as metals, banking, and autos continue to display consistent performance and should remain preferred, while traders stay selective in other spaces.

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Published on 29-10-2025 10:36 am

10 Year Benchmark Technical View :

The 10 year Benchmark (6.33% GS 2035) yield likely to move in the range of 6.54% to 6.55% level on Wednesday

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Published on 29-10-2025 10:36 am

Global Debt Market:

European stocks were lower on Tuesday as global markets await the U.S. Federal Reserve’s interest rate decision. The pan-European Stoxx 600 was around 0.4% lower at 10:10 a.m. in London (6:10 a.m. ET), with most sectors and major bourses in negative territory. Bucking the trend was the utilities sector, often seen as a somewhat stable investment amid market volatility. Spain’s IBEX 35 index, which has been on a bull run that’s seen it gain almost 40% since the start of the year, briefly topped the record high set in 2007 on Tuesday morning. The index was last seen trading flat. The moves on Tuesday marked a reversal from the previous session, which saw stocks end higher amid hopes of Sino-U.S. trade tensions thawing. President Donald Trump and Chinese President Xi Jinping are due to meet in South Korea on Thursday. Both sides appear to be in a conciliatory mood, having agreed on a framework for a potential trade deal which addresses China rare earths export restrictions, soybean purchases and TikTok. “I have a lot of respect for President Xi, and we are going to come away with the deal,” Trump said Monday. The leaders are due to meet on the sidelines of the Asia-Pacific Economic Cooperation, or APEC, Summit. Looking at individual stocks, shares of Novartis fell 3.4% after the Swiss pharmaceutical giant reported its earnings for the three months to September. The firm’s third-quarter constant currency sales grew 7% from the previous year, while net income jumped 25% year-on-year to hit $3.9 billion. Analysts had been expecting net income to come in at $4.4 billion, according to a consensus estimate compiled by LSEG.

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