NIFTY 750 TOTAL MKT

Investors may need to remain cautious, as fresh headlines on the US–China tariff tussle surfaced on Friday night, which could sway global sentiment in the days ahead, Sudeep Shah, Head - Technical Research and Derivatives at SBI Securities advised.

According to him, renewed tariff tensions could inject short-term volatility in the Nifty50, though the undertone remains positive. "The support for the next week is placed around 24,980–24,950. A sustained breach below 24,950 may trigger further downside towards 24,700," he said in an interview to Moneycontrol.

Sudeep is betting on <a href="https://www.moneycontrol.com/india/stockpricequote/infrastructure-general/larsentoubro/LT">Larsen &amp; Toubro</a>, and <a href="https://www.moneycontrol.com/india/stockpricequote/aerospacedefence/bharatelectronics/BE03">Bharat Electronics</a> for next week. "L&amp;T has delivered a decisive breakout above the crucial Rs 3,730–3,750 resistance zone, which had capped gains on multiple occasions earlier, while BEL has been in a steady uptrend, forming higher highs and higher lows, reflecting strong bullish momentum," he reasoned.

Are you confident that the Bank Nifty will add 1,000 points next week and hit a new record high, or do you expect the index to retest its weekly low before moving toward the all-time high?

The Bank Nifty index continued to assert its leadership last week, advancing nearly 2 percent and extending its streak of outperformance. A key highlight was the breakout from a Symmetrical Triangle pattern on the daily chart — a bullish signal that points toward the possibility of further upside momentum.

The strength in <a href="https://www.moneycontrol.com/indian-indices/bank-nifty-23.html">Bank Nifty</a> isn’t limited to price action alone; it’s also evident in its relative performance. The ratio chart of Bank Nifty versus Nifty shows a clear formation of higher highs and higher lows, indicating that banking stocks are gaining traction faster than the broader market. While the Nifty still trades about 3.77 percent below its lifetime high, Bank Nifty is just 1.76 percent away — a testament to its relative resilience and dominance.

Notably, the rally has been well-spread across the banking universe. Technically, the setup remains solid. The index is comfortably positioned above key short- and long-term moving averages, reflecting sustained bullish momentum. Moreover, the daily RSI has bounced smartly after finding support near the 60 level, signaling a transition from a neutral phase to a strong bullish zone — further confirming improving momentum.

With both price structure and relative strength favouring the bulls, Bank Nifty looks poised to retest its record highs soon. In the near term, the index could head toward 57,200 and subsequently 58,000 levels, while the 56,000–55,900 zone is likely to serve as a crucial support area.

Will the Nifty 50 be able to hold the 25,000–24,900 support zone next week, even though sentiment has turned positive, mainly supported by banking stocks?

It feels like Diwali has arrived early on Dalal Street, with Indian equities already glowing in festive spirits. The benchmark Nifty 50 has been on a strong upward march since the start of October, posting a month-to-date gain of 2.74 percent — a move that perfectly captures the buoyant mood of the season.

That said, investors may need to remain cautious, as fresh headlines on the US–China tariff tussle surfaced on Friday night, which could sway global sentiment in the days ahead.

Looking back at last week’s action, the Nifty Private Bank Index stole the spotlight with an impressive rally of nearly 5 percent so far this month. The banking space has clearly taken control, lending both direction and confidence to the broader market.

Adding further shine to the market momentum was the comeback in the Midcap segment. The Nifty Midcap 100 surged over 2 percent last week and now sits right at the verge of a Symmetrical Triangle breakout on the daily chart — a technical formation often preceding a decisive move. This suggests that the rally is now widening, with participation extending beyond just large-cap names.

As for the Nifty itself, the index is hovering near a crucial breakout point above a downward-sloping trendline connecting swing highs since June 2025. The overall structure remains bullish, with prices holding comfortably above all major moving averages, each of which is now turning higher — a strong sign of sustained momentum. The daily RSI has also crossed the 60 mark and continues to climb, underscoring growing buying strength.

With the festival of lights around the corner, optimism is clearly lighting up the markets too. However, given the global cues, traders should closely watch the 25,350–25,400 zone, which serves as an immediate resistance aligned with the trendline. A decisive move above 25,400 could open the doors for a rally towards 25,700–25,800 levels. On the flip side, support is placed around 24,980–24,950. A sustained breach below 24,950 may trigger further downside towards 24,700.

While the undertone remains positive, investors should keep an eye on global developments, as renewed tariff tensions between the US and China could inject short-term volatility into the otherwise festive rally.

Which two stocks are on your radar for the upcoming week?

<a href="https://www.moneycontrol.com/india/stockpricequote/infrastructure-general/larsentoubro/LT">Larsen &amp; Toubro</a>

The stock has delivered a decisive breakout above the crucial Rs 3,730–3,750 resistance zone, which had capped gains on multiple occasions earlier. Post the breakout, the stock is trending steadily along the upper Bollinger Band — a sign of strong bullish momentum and sustained buying interest. The short- and medium-term moving averages are positively aligned, reinforcing the ongoing uptrend.

The ADX is maintaining healthy levels, confirming trend strength rather than exhaustion. Overall, the breakout backed by firm volume and supportive indicators suggests that L&amp;T may continue to see follow-through buying in the sessions ahead. Hence, we recommend accumulating the stock in the zone of Rs 3,790-3,770 with a stop-loss of Rs 3,665. On the upside, it is likely to test the level of Rs 4,050 in the short term.

<a href="https://www.moneycontrol.com/india/stockpricequote/aerospacedefence/bharatelectronics/BE03">Bharat Electronics</a>

BEL has been in a steady uptrend, forming higher highs and higher lows, reflecting strong bullish momentum. The stock has consistently taken support near its 20-EMA, reinforcing it as a key dynamic support zone. The Rs 415 level has acted as a stiff resistance on a couple of occasions in the past, but with improving momentum, a breakout above this zone looks likely.

The RSI is trending higher and nearing the 60 mark, indicating strengthening momentum, while the MACD remains in the positive zone with a bullish crossover. The ADX also suggests a healthy trend, supporting the potential for further upside. Hence, we recommend accumulating the stock in the zone of Rs 414-410 with a stop-loss of Rs 395. On the upside, it is likely to test the level of Rs 450 in the short term.

Do you see the beginning of a new leg of upmove in <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/yesbank/YB">Yes Bank</a> and <a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/bselimited/B08">BSE</a>, which surged 10% and 14%, respectively, in the past week?

Both Yes Bank and BSE have shown strong technical breakouts, hinting at the beginning of a potential new leg of upmove. Yes Bank has given a downward sloping trendline breakout and negated its lower-high, lower-low structure, closing above its previous swing high of 23 made on June 2. However, with RSI extremely overbought at 83 and ADX at peak levels, some consolidation or profit booking cannot be ruled out before the next move higher.

BSE, too, has broken out of a downward sloping trendline, with DI+ crossing above DI– on the ADX, reflecting strengthening momentum. The stock took firm support at its 200-DEMA — a crucial long-term moving average that often acts as a base for trend reversals. With momentum and indicators aligned, BSE looks poised to break above Rs 2,390, it's previous swing high made on September 8 and extend its upmove.

Are the charts of <a href="https://www.moneycontrol.com/india/stockpricequote/consumer-goods-electronic/pgelectroplast/PE06">PG Electroplast</a> and <a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/divislaboratories/DL03">Divi's Laboratories</a> showing bullish setups?

Both PG Electroplast and Divi’s Laboratories are showing early signs of strength, though their setups differ in conviction. PGEL has recovered nearly 90 rupees from its recent low of Rs 497, but the price still trades well below its 100- and 200-day EMAs, keeping the broader trend weak. While indicators like DI+ crossing DI– and a bullish MACD crossover suggest improving momentum, follow-through buying above Rs 590–600 is needed to confirm a reversal; else, it could turn out to be a routine pullback.

Divi’s Laboratories, on the other hand, has given a downward sloping trendline breakout with strong volume support. The stock trades above key moving averages, with RSI rising and DI+ crossover indicating buyers in control, signalling a more convincing bullish setup.

Is the Nifty IT index showing signs of revival based on the weekly chart analysis?

Yes, the Nifty IT index is showing early signs of revival based on the weekly chart analysis. In the last week of September, the index formed a Hammer candlestick pattern, typically considered a bullish reversal signal when it appears after a downtrend. This pattern was followed by a strong upside move in the current week, with the index surging by nearly 5 percent, indicating a shift in sentiment.

Technically, the index has also moved above its 20-day and 50-day EMAs, reinforcing the short-term bullish bias. However, it is now approaching a crucial resistance zone — the downside gap area between 35,800 and 36,200, which was created on September 22. This gap zone is likely to act as a key hurdle in the near term.

Momentum indicators are also supportive, with the daily RSI rising steadily, suggesting improving strength. A sustained move above the gap resistance could confirm a short-term trend reversal and open up further upside potential for the index.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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Chartist Talk: Nifty’s 24,950 support at risk amid fresh US-China trade tensions, warns SBI Securities' Sudeep Shah

Investors may need to remain cautious, as fresh headlines on the US–China tariff tussle surfaced on Friday night, which could sway global sentiment in the days ahead, Sudeep Shah, Head - Technical Research and Derivatives at SBI Securities advised.

According to him, renewed tariff tensions could inject short-term volatility in the Nifty50, though the undertone remains positive. &quot;The support for the next week is placed around 24,980–24,950. A sustained breach below 24,950 may trigger further downside towards 24,700,&quot; he said in an interview to Moneycontrol.

Sudeep is betting on Larsen &amp;amp; Toubro, and Bharat Electronics for next week. &quot;L&amp;amp;T has delivered a decisive breakout above the crucial Rs 3,730–3,750 resistance zone, which had capped gains on multiple occasions earlier, while BEL has been in a steady uptrend, forming higher highs and higher lows, reflecting strong bullish momentum,&quot; he reasoned.

Are you confident that the Bank Nifty will add 1,000 points next week and hit a new record high, or do you expect the index to retest its weekly low before moving toward the all-time high?

The Bank Nifty index continued to assert its leadership last week, advancing nearly 2 percent and extending its streak of outperformance. A key highlight was the breakout from a Symmetrical Triangle pattern on the daily chart — a bullish signal that points toward the possibility of further upside momentum.

The strength in Bank Nifty isn’t limited to price action alone; it’s also evident in its relative performance. The ratio chart of Bank Nifty versus Nifty shows a clear formation of higher highs and higher lows, indicating that banking stocks are gaining traction faster than the broader market. While the Nifty still trades about 3.77 percent below its lifetime high, Bank Nifty is just 1.76 percent away — a testament to its relative resilience and dominance.

Notably, the rally has been well-spread across the banking universe. Technically, the setup remains solid. The index is comfortably positioned above key short- and long-term moving averages, reflecting sustained bullish momentum. Moreover, the daily RSI has bounced smartly after finding support near the 60 level, signaling a transition from a neutral phase to a strong bullish zone — further confirming improving momentum.

With both price structure and relative strength favouring the bulls, Bank Nifty looks poised to retest its record highs soon. In the near term, the index could head toward 57,200 and subsequently 58,000 levels, while the 56,000–55,900 zone is likely to serve as a crucial support area.

Will the Nifty 50 be able to hold the 25,000–24,900 support zone next week, even though sentiment has turned positive, mainly supported by banking stocks?

It feels like Diwali has arrived early on Dalal Street, with Indian equities already glowing in festive spirits. The benchmark Nifty 50 has been on a strong upward march since the start of October, posting a month-to-date gain of 2.74 percent — a move that perfectly captures the buoyant mood of the season.

That said, investors may need to remain cautious, as fresh headlines on the US–China tariff tussle surfaced on Friday night, which could sway global sentiment in the days ahead.

Looking back at last week’s action, the Nifty Private Bank Index stole the spotlight with an impressive rally of nearly 5 percent so far this month. The banking space has clearly taken control, lending both direction and confidence to the broader market.

Adding further shine to the market momentum was the comeback in the Midcap segment. The Nifty Midcap 100 surged over 2 percent last week and now sits right at the verge of a Symmetrical Triangle breakout on the daily chart — a technical formation often preceding a decisive move. This suggests that the rally is now widening, with participation extending beyond just large-cap names.

As for the Nifty itself, the index is hovering near a crucial breakout point above a downward-sloping trendline connecting swing highs since June 2025. The overall structure remains bullish, with prices holding comfortably above all major moving averages, each of which is now turning higher — a strong sign of sustained momentum. The daily RSI has also crossed the 60 mark and continues to climb, underscoring growing buying strength.

With the festival of lights around the corner, optimism is clearly lighting up the markets too. However, given the global cues, traders should closely watch the 25,350–25,400 zone, which serves as an immediate resistance aligned with the trendline. A decisive move above 25,400 could open the doors for a rally towards 25,700–25,800 levels. On the flip side, support is placed around 24,980–24,950. A sustained breach below 24,950 may trigger further downside towards 24,700.

While the undertone remains positive, investors should keep an eye on global developments, as renewed tariff tensions between the US and China could inject short-term volatility into the otherwise festive rally.

Which two stocks are on your radar for the upcoming week?

Larsen &amp;amp; Toubro

The stock has delivered a decisive breakout above the crucial Rs 3,730–3,750 resistance zone, which had capped gains on multiple occasions earlier. Post the breakout, the stock is trending steadily along the upper Bollinger Band — a sign of strong bullish momentum and sustained buying interest. The short- and medium-term moving averages are positively aligned, reinforcing the ongoing uptrend.

The ADX is maintaining healthy levels, confirming trend strength rather than exhaustion. Overall, the breakout backed by firm volume and supportive indicators suggests that L&amp;amp;T may continue to see follow-through buying in the sessions ahead. Hence, we recommend accumulating the stock in the zone of Rs 3,790-3,770 with a stop-loss of Rs 3,665. On the upside, it is likely to test the level of Rs 4,050 in the short term.

Bharat Electronics

BEL has been in a steady uptrend, forming higher highs and higher lows, reflecting strong bullish momentum. The stock has consistently taken support near its 20-EMA, reinforcing it as a key dynamic support zone. The Rs 415 level has acted as a stiff resistance on a couple of occasions in the past, but with improving momentum, a breakout above this zone looks likely.

The RSI is trending higher and nearing the 60 mark, indicating strengthening momentum, while the MACD remains in the positive zone with a bullish crossover. The ADX also suggests a healthy trend, supporting the potential for further upside. Hence, we recommend accumulating the stock in the zone of Rs 414-410 with a stop-loss of Rs 395. On the upside, it is likely to test the level of Rs 450 in the short term.

Do you see the beginning of a new leg of upmove in Yes Bank and BSE, which surged 10% and 14%, respectively, in the past week?

Both Yes Bank and BSE have shown strong technical breakouts, hinting at the beginning of a potential new leg of upmove. Yes Bank has given a downward sloping trendline breakout and negated its lower-high, lower-low structure, closing above its previous swing high of 23 made on June 2. However, with RSI extremely overbought at 83 and ADX at peak levels, some consolidation or profit booking cannot be ruled out before the next move higher.

BSE, too, has broken out of a downward sloping trendline, with DI+ crossing above DI– on the ADX, reflecting strengthening momentum. The stock took firm support at its 200-DEMA — a crucial long-term moving average that often acts as a base for trend reversals. With momentum and indicators aligned, BSE looks poised to break above Rs 2,390, it's previous swing high made on September 8 and extend its upmove.

Are the charts of PG Electroplast and Divi's Laboratories showing bullish setups?

Both PG Electroplast and Divi’s Laboratories are showing early signs of strength, though their setups differ in conviction. PGEL has recovered nearly 90 rupees from its recent low of Rs 497, but the price still trades well below its 100- and 200-day EMAs, keeping the broader trend weak. While indicators like DI+ crossing DI– and a bullish MACD crossover suggest improving momentum, follow-through buying above Rs 590–600 is needed to confirm a reversal; else, it could turn out to be a routine pullback.

Divi’s Laboratories, on the other hand, has given a downward sloping trendline breakout with strong volume support. The stock trades above key moving averages, with RSI rising and DI+ crossover indicating buyers in control, signalling a more convincing bullish setup.

Is the Nifty IT index showing signs of revival based on the weekly chart analysis?

Yes, the Nifty IT index is showing early signs of revival based on the weekly chart analysis. In the last week of September, the index formed a Hammer candlestick pattern, typically considered a bullish reversal signal when it appears after a downtrend. This pattern was followed by a strong upside move in the current week, with the index surging by nearly 5 percent, indicating a shift in sentiment.

Technically, the index has also moved above its 20-day and 50-day EMAs, reinforcing the short-term bullish bias. However, it is now approaching a crucial resistance zone — the downside gap area between 35,800 and 36,200, which was created on September 22. This gap zone is likely to act as a key hurdle in the near term.

Momentum indicators are also supportive, with the daily RSI rising steadily, suggesting improving strength. A sustained move above the gap resistance could confirm a short-term trend reversal and open up further upside potential for the index.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

The broader indices' performance remained mixed this week as the mid- and large-cap indices rose 1.5 percent each, while the small-cap index ended on a flat note, underperforming the main indices.

For the week, the  BSE Sensex index added 1293.65 points or 1.59 percent to finish at 82,500.82, and the Nifty50 rose 391.1 points or 1.57 percent to end at 25,285.35.

After remaining net sellers for the last 12 weeks, the Foreign Institutional Investors (FIIs) turned net buyers this week as they bought equities worth Rs 2,975.53 crore. On the other hand, Domestic Institutional Investors (DII) remained net buyers in the 25th week, as they purchased equities worth Rs 8,391.11 crore.

Among sectors, Nifty Capital Market and IT indices remained top performers with a 5 percent gain, followed by Nifty Healthcare index (up 3 percent), Nifty Realty index (up 2.3 percent), Nifty Private Bank, Nifty Consumer Durables, and Nifty Pharma up 2 percent each. However, the Nifty Media index shed nearly 3 percent.

"In the last week, the benchmark indices continued their positive momentum. The Nifty ended 1.57 percent higher, while the Sensex was up by 1290 points. Among sectors, the Capital Market and IT indices outperformed, with the Capital Market gaining 5.20 percent and the IT index rallying 4.80 percent, whereas the Media index lost the most, shedding 2.75 percent," said Amol Athawale, VP Technical Research, Kotak Securities.

"During the week, the market successfully cleared the 25,000/81700 mark, and post-breakout, it intensified its positive momentum. Technically, it has formed a long bullish candle on the weekly charts and is also trading above the 20-day SMA (Simple Moving Average), which is largely positive. We are of the view that the 20-day SMA and the 25,000/ 81700 level will act as crucial support zones for short-term traders."

"As long as the market is trading above 25,000/81700, the uptrend is likely to continue. On the higher side, the market could rally to 25,450–25,500/82900-83100. Further upside may also continue, potentially lifting the index up to 25,700/83700. Conversely, if the market falls below 25,000/81700, the uptrend would become vulnerable. Below this level, traders may prefer to exit their long positions," Athawale said.

"For Bank Nifty, the short-term trend is positive. For trend-following traders, 56,200 and 55,800 would act as key support zones. On the higher side, 57,000 and 57,500 could serve as crucial resistance levels for the bulls," he added.

The BSE Small-cap index ended flat. Jindal Photo, Indo Thai Securities, Indraprastha Medical Corporation, GM Breweries, Sky Gold and Diamonds, Dreamfolks Services, Stylam Industries, Infibeam Avenues, Salzer Electronics, SpiceJet, Avalon Technologies, Indef Manufacturing, South Indian Bank were up between 15-41 percent. However, Shankara Building Products, Paushak, Hemisphere Properties India, John Cockerill India, Nelcast, Lumax Auto Technologies, VTM, Praveg fell between 10-22 percent.

<img class="alignnone size-full wp-image-13610303" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011052457_Untitled.png" alt="Untitled" width="771" height="805" />

Where is Nifty50 headed?

Ajit Mishra – SVP, Research, Religare Broking

Technically, the Nifty is once again approaching its trendline resistance around 25,450, with immediate support now placed near 25,000. A decisive breakout above this hurdle could further reinforce the recovery and open the path toward the June highs near 25,669.

We expect rotational buying across key sectors to continue providing trading opportunities; however, traders should emphasize prudent risk management given the likely volatility during the ongoing earnings season.

Rupak De, Senior Technical Analyst at LKP Securities

The Nifty remained strong on Friday as it broke out of the recent consolidation range. The trend continues to stay positive as it is sustaining above the critical moving average.

The setup looks favorable for a further rise in the short term. Any dip would provide a good opportunity to enter long trades.

On the higher end, the Nifty may move towards 25,500–25,550, while on the lower end, support is placed at 25,150. A fall below 25,150 could weaken the trend slightly.

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

Nifty on the weekly chart formed a long bull candle that has almost engulfed the upper area of the long bear candle of September end. We also observe bullish higher highs and lows formations as per the weekly timeframe chart.

The underlying trend of the market remains positive. Nifty is expected to advance towards the important resistance of around 25400-25450 levels (previous swing high of 18th Sept and the down-sloping trend line) by next week. Immediate support is placed at 25150.

Sudeep Shah, Head - Technical Research and Derivatives at SBI Securities

The index is now just 0.64% below its previous swing high of 25449, made on 18th September, highlighting the potential for further upside. On the weekly chart, Nifty closed above the 20-week EMA and above the previous week’s high of 24905, reflecting underlying strength.

Technical indicators are also supportive. RSI, after turning flat, has resumed its upward trajectory and closed above 60, indicating bullish momentum with room for further gains. MACD remains above the signal line and zero line with green histogram bars, suggesting sustained buying pressure and continuation of the uptrend in the near term.

Looking at key levels, the 25,400–25,450 zone will act as an immediate resistance for the Index. If the index manages to give a follow-through move above the level of 25,450, the pullback can continue further till the 25,600 level. While on the downside, the zone of 25,200-25,150 will act as a crucial support for the Index.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Small caps rise up to 41% despite muted index return

For the week, the  BSE Sensex index added 1293.65 points or 1.59 percent to finish at 82,500.82, and the Nifty50 rose 391.1 points or 1.57 percent to end at 25,285.35.

The broader indices' performance remained mixed this week as the mid- and large-cap indices rose 1.5 percent each, while the small-cap index ended on a flat note, underperforming the main indices.

For the week, the  BSE Sensex index added 1293.65 points or 1.59 percent to finish at 82,500.82, and the Nifty50 rose 391.1 points or 1.57 percent to end at 25,285.35.

After remaining net sellers for the last 12 weeks, the Foreign Institutional Investors (FIIs) turned net buyers this week as they bought equities worth Rs 2,975.53 crore. On the other hand, Domestic Institutional Investors (DII) remained net buyers in the 25th week, as they purchased equities worth Rs 8,391.11 crore.

Among sectors, Nifty Capital Market and IT indices remained top performers with a 5 percent gain, followed by Nifty Healthcare index (up 3 percent), Nifty Realty index (up 2.3 percent), Nifty Private Bank, Nifty Consumer Durables, and Nifty Pharma up 2 percent each. However, the Nifty Media index shed nearly 3 percent.

&quot;In the last week, the benchmark indices continued their positive momentum. The Nifty ended 1.57 percent higher, while the Sensex was up by 1290 points. Among sectors, the Capital Market and IT indices outperformed, with the Capital Market gaining 5.20 percent and the IT index rallying 4.80 percent, whereas the Media index lost the most, shedding 2.75 percent,&quot; said Amol Athawale, VP Technical Research, Kotak Securities.

&quot;During the week, the market successfully cleared the 25,000/81700 mark, and post-breakout, it intensified its positive momentum. Technically, it has formed a long bullish candle on the weekly charts and is also trading above the 20-day SMA (Simple Moving Average), which is largely positive. We are of the view that the 20-day SMA and the 25,000/ 81700 level will act as crucial support zones for short-term traders.&quot;

&quot;As long as the market is trading above 25,000/81700, the uptrend is likely to continue. On the higher side, the market could rally to 25,450–25,500/82900-83100. Further upside may also continue, potentially lifting the index up to 25,700/83700. Conversely, if the market falls below 25,000/81700, the uptrend would become vulnerable. Below this level, traders may prefer to exit their long positions,&quot; Athawale said.

&quot;For Bank Nifty, the short-term trend is positive. For trend-following traders, 56,200 and 55,800 would act as key support zones. On the higher side, 57,000 and 57,500 could serve as crucial resistance levels for the bulls,&quot; he added.

The BSE Small-cap index ended flat. Jindal Photo, Indo Thai Securities, Indraprastha Medical Corporation, GM Breweries, Sky Gold and Diamonds, Dreamfolks Services, Stylam Industries, Infibeam Avenues, Salzer Electronics, SpiceJet, Avalon Technologies, Indef Manufacturing, South Indian Bank were up between 15-41 percent. However, Shankara Building Products, Paushak, Hemisphere Properties India, John Cockerill India, Nelcast, Lumax Auto Technologies, VTM, Praveg fell between 10-22 percent.



Where is Nifty50 headed?

Ajit Mishra – SVP, Research, Religare Broking

Technically, the Nifty is once again approaching its trendline resistance around 25,450, with immediate support now placed near 25,000. A decisive breakout above this hurdle could further reinforce the recovery and open the path toward the June highs near 25,669.

We expect rotational buying across key sectors to continue providing trading opportunities; however, traders should emphasize prudent risk management given the likely volatility during the ongoing earnings season.

Rupak De, Senior Technical Analyst at LKP Securities

The Nifty remained strong on Friday as it broke out of the recent consolidation range. The trend continues to stay positive as it is sustaining above the critical moving average.

The setup looks favorable for a further rise in the short term. Any dip would provide a good opportunity to enter long trades.

On the higher end, the Nifty may move towards 25,500–25,550, while on the lower end, support is placed at 25,150. A fall below 25,150 could weaken the trend slightly.

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

Nifty on the weekly chart formed a long bull candle that has almost engulfed the upper area of the long bear candle of September end. We also observe bullish higher highs and lows formations as per the weekly timeframe chart.

The underlying trend of the market remains positive. Nifty is expected to advance towards the important resistance of around 25400-25450 levels (previous swing high of 18th Sept and the down-sloping trend line) by next week. Immediate support is placed at 25150.

Sudeep Shah, Head - Technical Research and Derivatives at SBI Securities

The index is now just 0.64% below its previous swing high of 25449, made on 18th September, highlighting the potential for further upside. On the weekly chart, Nifty closed above the 20-week EMA and above the previous week’s high of 24905, reflecting underlying strength.

Technical indicators are also supportive. RSI, after turning flat, has resumed its upward trajectory and closed above 60, indicating bullish momentum with room for further gains. MACD remains above the signal line and zero line with green histogram bars, suggesting sustained buying pressure and continuation of the uptrend in the near term.

Looking at key levels, the 25,400–25,450 zone will act as an immediate resistance for the Index. If the index manages to give a follow-through move above the level of 25,450, the pullback can continue further till the 25,600 level. While on the downside, the zone of 25,200-25,150 will act as a crucial support for the Index.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

The market has been in a rather standstill mode in terms of real return for the last couple of quarters, at least. This puts pressure on us traders to pull gains out of our trades. While positional trades do not perform with a lack of movement, choppy range-bound markets do give us opportunities on an intraday basis.

The gains are smaller, and the trades are often, but it is better suited for a market with heavy mood swings. As they say, there must be a method to this madness. So, let us define the method using a critical Options data called Open Interest (OI).

What is OI?

OI refers to the number of contracts open. Unlike shares, where the total number of shares is known, Options contracts can be created without any such physical referencing. In simple words, when any new Buyer and Seller come together and create a trade, it creates an OI of 1 contract.

What is the significance of Options (Sellers) OI?

Options OI is created with the help of both the Buyer and the Seller. However, we all know Options are like Insurance policies. Here too, a buyer will pay a premium for some event happening (The Call buyer will want the event of a big bullish move). If that does not happen, the premium will turn to 0.

Extending this a bit further, an insurance policy can not exist without Insurance companies. Just like that, Options OI has Option Sellers more important counterpart than Buyers. Since Option Sellers are taking unlimited (better put, Unknown) risk to get a small premium, they are expected to have a better grip on the underlying stock or index’s expected movement.

We can say that the Strike with Maximum OI has a lot of Option Sellers. More Sellers = Stronger players believe in the trade they have taken.

How do we follow the Highest OI Strike Trade?

Call Option Seller’s View = Stock / Index should not go above the Strike Price (Opposite of Buyer’s view)

Put Option Seller’s View = Stock / Index should not go below the Strike Price

Now, that said, we can also say that the Highest OI Call Strike means Strong resistance, as most Option Sellers are of the opinion (Generally, this strike is higher than the current market price). Similarly, the Highest Put OI could mean strong support.

We can use this as an input for our Positional trading.

How to use it for Intraday Trading?

Just like any other support and resistance. Evidence that suggests, whenever such a highest Call OI (which is above the current price) or a highest Put OI (which is below the current price) is crossed, there is momentum. This is because many strong players are proven wrong by the market. This will lead to chaos, and chaos will lead to momentum.

How to Trade?

As soon as the highest Call OI strike is crossed, buy that Call with a stop loss a few points below the Strike Price. Similarly, as the highest Put OI strike is crossed by the Put with a stop loss few points above the Strike Price. I have seen the majority of such trades ending up in profit due to momentum supporting them.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Shubham Agarwal is a CEO &amp; Head of Research at Quantsapp Pvt. Ltd.

He has been into many major kinds of market research and has been a programmer himself in Tens of programming languages.

Earlier to the current position, Shubham has served for Motilal Oswal as Head of Quantitative, Technical &amp; Derivatives Research and as a Technical Analyst at JM Financial.

Use Options OI for intraday trading: Shubham Agarwal

The market has been in a rather standstill mode in terms of real return for the last couple of quarters, at least. This puts pressure on us traders to pull gains out of our trades. While positional trades do not perform with a lack of movement, choppy range-bound markets do give us opportunities on an intraday basis.

The gains are smaller, and the trades are often, but it is better suited for a market with heavy mood swings. As they say, there must be a method to this madness. So, let us define the method using a critical Options data called Open Interest (OI).

What is OI?

OI refers to the number of contracts open. Unlike shares, where the total number of shares is known, Options contracts can be created without any such physical referencing. In simple words, when any new Buyer and Seller come together and create a trade, it creates an OI of 1 contract.

What is the significance of Options (Sellers) OI?

Options OI is created with the help of both the Buyer and the Seller. However, we all know Options are like Insurance policies. Here too, a buyer will pay a premium for some event happening (The Call buyer will want the event of a big bullish move). If that does not happen, the premium will turn to 0.

Extending this a bit further, an insurance policy can not exist without Insurance companies. Just like that, Options OI has Option Sellers more important counterpart than Buyers. Since Option Sellers are taking unlimited (better put, Unknown) risk to get a small premium, they are expected to have a better grip on the underlying stock or index’s expected movement.

We can say that the Strike with Maximum OI has a lot of Option Sellers. More Sellers = Stronger players believe in the trade they have taken.

How do we follow the Highest OI Strike Trade?

Call Option Seller’s View = Stock / Index should not go above the Strike Price (Opposite of Buyer’s view)

Put Option Seller’s View = Stock / Index should not go below the Strike Price

Now, that said, we can also say that the Highest OI Call Strike means Strong resistance, as most Option Sellers are of the opinion (Generally, this strike is higher than the current market price). Similarly, the Highest Put OI could mean strong support.

We can use this as an input for our Positional trading.

How to use it for Intraday Trading?

Just like any other support and resistance. Evidence that suggests, whenever such a highest Call OI (which is above the current price) or a highest Put OI (which is below the current price) is crossed, there is momentum. This is because many strong players are proven wrong by the market. This will lead to chaos, and chaos will lead to momentum.

How to Trade?

As soon as the highest Call OI strike is crossed, buy that Call with a stop loss a few points below the Strike Price. Similarly, as the highest Put OI strike is crossed by the Put with a stop loss few points above the Strike Price. I have seen the majority of such trades ending up in profit due to momentum supporting them.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

<img class="size-full wp-image-13610205" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030322_bse-nsee_nifty-Sensex.jpg" alt="Market extended the winning run in the second consecutive week ended October 10 with Nifty reclaiming 25,300 amid positive global as well domestic cues including continues DII buying, ease in geopolitical risk, FII turning buyers, positive development in US-India trade talk, and positive start of the earnings season." width="1280" height="720" /> Market extended the winning run in the second consecutive week ended October 10 with Nifty reclaiming 25,300 amid positive global as well domestic cues including continues DII buying, ease in geopolitical risk, FII turning buyers, positive development in US-India trade talk, and positive start of the earnings season.

<img class="size-full wp-image-13610206" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030348_marketup_sensexup-Niftyup.jpg" alt="For the week, BSE Sensex index added 1293.65 points or 1.59 percent to finish at 82,500.82 and Nifty50 rose 391.1 points or 1.57 percent to end at 25,285.35. " width="1280" height="720" /> For the week, BSE Sensex index added 1293.65 points or 1.59 percent to finish at 82,500.82 and Nifty50 rose 391.1 points or 1.57 percent to end at 25,285.35.

<img class="size-full wp-image-13610209" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030635_sensex_nifty-marketup_sensexup-Niftyup.jpg" alt="The BSE Large-cap Index added 1.4 percent supported by Divis Laboratories, Max Healthcare Institute, HCL Technologies, LTIMindtree, Eternal, Swiggy, Infosys, Polycab India, Tata Consultancy Services, Tech Mahindra. However, losers were Jindal Steel, Tata Motors, Hyundai Motor India, Siemens Energy India, Waaree Energies." width="1280" height="720" /> The BSE Large-cap Index added 1.4 percent supported by Divis Laboratories, Max Healthcare Institute, HCL Technologies, LTIMindtree, Eternal, Swiggy, Infosys, Polycab India, Tata Consultancy Services, Tech Mahindra. However, losers were Jindal Steel, Tata Motors, Hyundai Motor India, Siemens Energy India, Waaree Energies.

<img class="size-full wp-image-13610210" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030703_stocks5.jpg" alt="BSE Mid-cap Index rose 1.5 percent supported by Sun TV Network, L&amp;T Finance, Aditya Birla Capital, Bank Of India, Aegis Vopak Terminals, National Aluminium Company, Fortis Healthcare. However, losers included Dixon Technologies, Hitachi Energy India, KPIT Technologies, Whirlpool of India." width="1280" height="720" /> BSE Mid-cap Index rose 1.5 percent supported by Sun TV Network, L&amp;T Finance, Aditya Birla Capital, Bank Of India, Aegis Vopak Terminals, National Aluminium Company, Fortis Healthcare. However, losers included Dixon Technologies, Hitachi Energy India, KPIT Technologies, Whirlpool of India.

<img class="size-full wp-image-13610211" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030733_sensex_stocks_nifty_stockmarket.jpg" alt="The BSE Small-cap index ended flat. Jindal Photo, Indo Thai Securities, Indraprastha Medical Corporation, GM Breweries, Sky Gold and Diamonds, Dreamfolks Services, Stylam Industries, Infibeam Avenues, Salzer Electronics, SpiceJet, Avalon Technologies, Indef Manufacturing, South Indian Bank were up between 15-41 percent. However, Shankara Building Products, Paushak, Hemisphere Properties India, John Cockerill India, Nelcast, Lumax Auto Technologies, VTM, Praveg fell between 10-22 percent." width="1280" height="720" /> The BSE Small-cap index ended flat. Jindal Photo, Indo Thai Securities, Indraprastha Medical Corporation, GM Breweries, Sky Gold and Diamonds, Dreamfolks Services, Stylam Industries, Infibeam Avenues, Salzer Electronics, SpiceJet, Avalon Technologies, Indef Manufacturing, South Indian Bank were up between 15-41 percent. However, Shankara Building Products, Paushak, Hemisphere Properties India, John Cockerill India, Nelcast, Lumax Auto Technologies, VTM, Praveg fell between 10-22 percent.

<img class="size-full wp-image-13610212" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030806_market_flat.jpg" alt="Among sectors, Nifty Capital Market and IT indices remained top performers with 5 percent gain, followed by Nifty Healthcare index (up 3 percent), Nifty Realty index (up 2.3 percent), Nifty Private Bank, Nifty Consumer Durables, Nifty Pharma up 2 percent each. However, Nifty Media index shed nearly 3 percent." width="1280" height="720" /> Among sectors, Nifty Capital Market and IT indices remained top performers with 5 percent gain, followed by Nifty Healthcare index (up 3 percent), Nifty Realty index (up 2.3 percent), Nifty Private Bank, Nifty Consumer Durables, Nifty Pharma up 2 percent each. However, Nifty Media index shed nearly 3 percent.

<img class="size-full wp-image-13610213" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030852_sensex_nifty_stock-stocks_stock.jpg" alt="During the week, Tata Consultancy Services added the most in terms of market value, followed by Infosys, HCL Technologies, Bharti Airtel. On the other hand, Tata Motors Trent, Hindustan Unilever, lost the most of their market-cap" width="1280" height="720" /> During the week, Tata Consultancy Services added the most in terms of market value, followed by Infosys, HCL Technologies, Bharti Airtel. On the other hand, Tata Motors Trent, Hindustan Unilever, lost the most of their market-cap

<img class="size-full wp-image-13610214" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030917_sensex_nifty_stocknew.jpg" alt="After remaining net sellers for the last 12 weeks, the Foreign Institutional Investors' (FIIs) turned net buyers in this week as they bought equities worth Rs 2975.53 crore. On the other hand, Domestic Institutional Investors (DII) remained net buyers in 25th week, as they purchased equities worth Rs 8,391.11 crore." width="1280" height="720" /> After remaining net sellers for the last 12 weeks, the Foreign Institutional Investors' (FIIs) turned net buyers in this week as they bought equities worth Rs 2975.53 crore. On the other hand, Domestic Institutional Investors (DII) remained net buyers in 25th week, as they purchased equities worth Rs 8,391.11 crore.

<img class="size-full wp-image-13596284" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251003120750_rupee-cash-currency.jpg" alt="Indian rupee ended 9 paise higher at 88.69 per dollar on October 10 against the October 3 closing of 88.78. During the week the Indian rupee traded in the range of 88.79-88.50." width="1280" height="720" /> Indian rupee ended 9 paise higher at 88.69 per dollar on October 10 against the October 3 closing of 88.78. During the week the Indian rupee traded in the range of 88.79-88.50.

Among sectors, Nifty Capital Market and IT indices remained top performers with 5 percent gain, followed by Nifty Healthcare index (up 3 percent), Nifty Realty index (up 2.3 percent), Nifty Private Bank, Nifty Consumer Durables, Nifty Pharma up 2 percent each. However, Nifty Media index shed nearly 3 percent.

Market extended the winning run in the second consecutive week ended October 10 with Nifty reclaiming 25,300 amid positive global as well domestic cues including continues DII buying, ease in geopolitical risk, FII turning buyers, positive development in US-India trade talk, and positive start of the earnings season.

For the week, BSE Sensex index added 1293.65 points or 1.59 percent to finish at 82,500.82 and Nifty50 rose 391.1 points or 1.57 percent to end at 25,285.35. 

The BSE Large-cap Index added 1.4 percent supported by Divis Laboratories, Max Healthcare Institute, HCL Technologies, LTIMindtree, Eternal, Swiggy, Infosys, Polycab India, Tata Consultancy Services, Tech Mahindra. However, losers were Jindal Steel, Tata Motors, Hyundai Motor India, Siemens Energy India, Waaree Energies.

BSE Mid-cap Index rose 1.5 percent supported by Sun TV Network, L&amp;T Finance, Aditya Birla Capital, Bank Of India, Aegis Vopak Terminals, National Aluminium Company, Fortis Healthcare. However, losers included Dixon Technologies, Hitachi Energy India, KPIT Technologies, Whirlpool of India.

The BSE Small-cap index ended flat. Jindal Photo, Indo Thai Securities, Indraprastha Medical Corporation, GM Breweries, Sky Gold and Diamonds, Dreamfolks Services, Stylam Industries, Infibeam Avenues, Salzer Electronics, SpiceJet, Avalon Technologies, Indef Manufacturing, South Indian Bank were up between 15-41 percent. However, Shankara Building Products, Paushak, Hemisphere Properties India, John Cockerill India, Nelcast, Lumax Auto Technologies, VTM, Praveg fell between 10-22 percent.

During the week, Tata Consultancy Services added the most in terms of market value, followed by Infosys, HCL Technologies, Bharti Airtel. On the other hand, Tata Motors Trent, Hindustan Unilever, lost the most of their market-cap

After remaining net sellers for the last 12 weeks, the Foreign Institutional Investors' (FIIs) turned net buyers in this week as they bought equities worth Rs 2975.53 crore. On the other hand, Domestic Institutional Investors (DII) remained net buyers in 25th week, as they purchased equities worth Rs 8,391.11 crore.

Indian rupee ended 9 paise higher at 88.69 per dollar on October 10 against the October 3 closing of 88.78. During the week the Indian rupee traded in the range of 88.79-88.50.

Market extends gain in second week on FII support; Capital Market, IT stocks shine

<img class="size-full wp-image-13610205" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030322_bse-nsee_nifty-Sensex.jpg" alt="Market extended the winning run in the second consecutive week ended October 10 with Nifty reclaiming 25,300 amid positive global as well domestic cues including continues DII buying, ease in geopolitical risk, FII turning buyers, positive development in US-India trade talk, and positive start of the earnings season." width="1280" height="720" /> Market extended the winning run in the second consecutive week ended October 10 with Nifty reclaiming 25,300 amid positive global as well domestic cues including continues DII buying, ease in geopolitical risk, FII turning buyers, positive development in US-India trade talk, and positive start of the earnings season.

<img class="size-full wp-image-13610206" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030348_marketup_sensexup-Niftyup.jpg" alt="For the week, BSE Sensex index added 1293.65 points or 1.59 percent to finish at 82,500.82 and Nifty50 rose 391.1 points or 1.57 percent to end at 25,285.35. " width="1280" height="720" /> For the week, BSE Sensex index added 1293.65 points or 1.59 percent to finish at 82,500.82 and Nifty50 rose 391.1 points or 1.57 percent to end at 25,285.35.

<img class="size-full wp-image-13610209" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030635_sensex_nifty-marketup_sensexup-Niftyup.jpg" alt="The BSE Large-cap Index added 1.4 percent supported by Divis Laboratories, Max Healthcare Institute, HCL Technologies, LTIMindtree, Eternal, Swiggy, Infosys, Polycab India, Tata Consultancy Services, Tech Mahindra. However, losers were Jindal Steel, Tata Motors, Hyundai Motor India, Siemens Energy India, Waaree Energies." width="1280" height="720" /> The BSE Large-cap Index added 1.4 percent supported by Divis Laboratories, Max Healthcare Institute, HCL Technologies, LTIMindtree, Eternal, Swiggy, Infosys, Polycab India, Tata Consultancy Services, Tech Mahindra. However, losers were Jindal Steel, Tata Motors, Hyundai Motor India, Siemens Energy India, Waaree Energies.

<img class="size-full wp-image-13610210" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030703_stocks5.jpg" alt="BSE Mid-cap Index rose 1.5 percent supported by Sun TV Network, L&amp;T Finance, Aditya Birla Capital, Bank Of India, Aegis Vopak Terminals, National Aluminium Company, Fortis Healthcare. However, losers included Dixon Technologies, Hitachi Energy India, KPIT Technologies, Whirlpool of India." width="1280" height="720" /> BSE Mid-cap Index rose 1.5 percent supported by Sun TV Network, L&amp;T Finance, Aditya Birla Capital, Bank Of India, Aegis Vopak Terminals, National Aluminium Company, Fortis Healthcare. However, losers included Dixon Technologies, Hitachi Energy India, KPIT Technologies, Whirlpool of India.

<img class="size-full wp-image-13610211" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030733_sensex_stocks_nifty_stockmarket.jpg" alt="The BSE Small-cap index ended flat. Jindal Photo, Indo Thai Securities, Indraprastha Medical Corporation, GM Breweries, Sky Gold and Diamonds, Dreamfolks Services, Stylam Industries, Infibeam Avenues, Salzer Electronics, SpiceJet, Avalon Technologies, Indef Manufacturing, South Indian Bank were up between 15-41 percent. However, Shankara Building Products, Paushak, Hemisphere Properties India, John Cockerill India, Nelcast, Lumax Auto Technologies, VTM, Praveg fell between 10-22 percent." width="1280" height="720" /> The BSE Small-cap index ended flat. Jindal Photo, Indo Thai Securities, Indraprastha Medical Corporation, GM Breweries, Sky Gold and Diamonds, Dreamfolks Services, Stylam Industries, Infibeam Avenues, Salzer Electronics, SpiceJet, Avalon Technologies, Indef Manufacturing, South Indian Bank were up between 15-41 percent. However, Shankara Building Products, Paushak, Hemisphere Properties India, John Cockerill India, Nelcast, Lumax Auto Technologies, VTM, Praveg fell between 10-22 percent.

<img class="size-full wp-image-13610212" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030806_market_flat.jpg" alt="Among sectors, Nifty Capital Market and IT indices remained top performers with 5 percent gain, followed by Nifty Healthcare index (up 3 percent), Nifty Realty index (up 2.3 percent), Nifty Private Bank, Nifty Consumer Durables, Nifty Pharma up 2 percent each. However, Nifty Media index shed nearly 3 percent." width="1280" height="720" /> Among sectors, Nifty Capital Market and IT indices remained top performers with 5 percent gain, followed by Nifty Healthcare index (up 3 percent), Nifty Realty index (up 2.3 percent), Nifty Private Bank, Nifty Consumer Durables, Nifty Pharma up 2 percent each. However, Nifty Media index shed nearly 3 percent.

<img class="size-full wp-image-13610213" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030852_sensex_nifty_stock-stocks_stock.jpg" alt="During the week, Tata Consultancy Services added the most in terms of market value, followed by Infosys, HCL Technologies, Bharti Airtel. On the other hand, Tata Motors Trent, Hindustan Unilever, lost the most of their market-cap" width="1280" height="720" /> During the week, Tata Consultancy Services added the most in terms of market value, followed by Infosys, HCL Technologies, Bharti Airtel. On the other hand, Tata Motors Trent, Hindustan Unilever, lost the most of their market-cap

<img class="size-full wp-image-13610214" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251011030917_sensex_nifty_stocknew.jpg" alt="After remaining net sellers for the last 12 weeks, the Foreign Institutional Investors' (FIIs) turned net buyers in this week as they bought equities worth Rs 2975.53 crore. On the other hand, Domestic Institutional Investors (DII) remained net buyers in 25th week, as they purchased equities worth Rs 8,391.11 crore." width="1280" height="720" /> After remaining net sellers for the last 12 weeks, the Foreign Institutional Investors' (FIIs) turned net buyers in this week as they bought equities worth Rs 2975.53 crore. On the other hand, Domestic Institutional Investors (DII) remained net buyers in 25th week, as they purchased equities worth Rs 8,391.11 crore.

<img class="size-full wp-image-13596284" src="https://images.moneycontrol.com/static-mcnews/2025/10/20251003120750_rupee-cash-currency.jpg" alt="Indian rupee ended 9 paise higher at 88.69 per dollar on October 10 against the October 3 closing of 88.78. During the week the Indian rupee traded in the range of 88.79-88.50." width="1280" height="720" /> Indian rupee ended 9 paise higher at 88.69 per dollar on October 10 against the October 3 closing of 88.78. During the week the Indian rupee traded in the range of 88.79-88.50.

Q2 earnings may be soft, but the second half of FY26 may see recovery, says Chakri Lokapriya - CIO Equities at LGT Wealth India. He expects a 5-8 percent YoY profit growth in Q2FY26, setting up for acceleration later in the year.

He believes that if Trump and Modi strike a deal removing the 25 percent tariff, it’ll be a big win.

"With tax relief, GST 2.0, rate cuts, and a good monsoon, macro tailwinds look sustainable. Consumption, financials, and manufacturing should lead the earnings recovery," he said in an interview to Moneycontrol.

Do you think consumption will drive markets over the next few quarters?

Consumption is becoming the big story. With GST cuts making many goods 10–15 percent cheaper and February’s income-tax reduction boosting take-home pay, consumers have more money to spend. Per-capita consumption heading toward $3,250 will likely speed up revenue growth.

Demand remains strong heading into Q2FY26 — festivals, weddings, and upbeat sentiment are driving sales despite high gold prices. Non-jewelry categories are still posting double-digit growth, showing underlying demand is healthy and broad-based.

Are banks showing that growth is returning? Is the rally in financials just beginning?

India’s economy is shifting structurally, with consumption’s share in GDP rising to 60 percent in FY25 from 55 percent in FY20. People have more disposable income thanks to wage growth, tax cuts, and smart fiscal measures like GST rationalization.

This boom in consumption is channeling savings into financial assets — mutual funds, insurance, equities. Sector AUM has grown at a 19 percent CAGR over the past decade to about Rs 77 lakh crore by July 2025. Within financials, PSU and private banks remain core holdings. Large AMCs are also well-positioned given their scale and pricing power, while brokers face regulatory hurdles.

Can Indian IT firms capture the AI opportunity?

Yes, and it’s just starting. Tata Consultancy’s plan to build over 1 GW of data-center capacity shows long-term belief in India’s digital infrastructure. This move opens a new profit pool for value-added resellers and distributors — areas the market often overlooks. I expect more IT firms to allocate capital toward AI infrastructure and data-center expansion. The opportunity is huge.

Which sectors look attractive given recent developments?

Policy support is driving demand. The GST Council’s September 2025 move to simplify rates into 5 percent and 18 percent slabs — cutting tax on key durables from 28 percent — means 7–10 percent lower prices. That’s real relief for consumers.

Urban premiumization, rural financing schemes, and export gains from a weaker rupee all help. Add GDP growth, PMAY housing demand, and PLI incentives — the setup is very positive. Companies are also gaining margin leverage through scale and localization.

Has the worst passed for earnings and tariff concerns?

The market’s been consolidating, balancing US tariff worries with domestic positives — GST cuts, lower risk weights for banks, and potential rate cuts. Sentiment suggests the worst may be behind us.

What’s your view on Q2 earnings and the outlook?

Q2 may be soft, but the second half may see a recovery. A potential US-India tariff resolution would bring back demand, could reignite FPI inflows, which are near two-decade lows. We expect 5–8 percent YoY profit growth in Q2FY26, setting up for acceleration later in the year.

If Trump and Modi strike a deal removing the 25 percent tariff, it’ll be a big win. With tax relief, GST 2.0, rate cuts, and a good monsoon, macro tailwinds look sustainable. Consumption, financials, and manufacturing should lead the recovery.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Daily Voice: These 3 sectors to lead earnings recovery from 2HFY26, says LGT Wealth CIO who sees 5–8% YoY profit growth in Q2FY26

Q2 earnings may be soft, but the second half of FY26 may see recovery, says Chakri Lokapriya - CIO Equities at LGT Wealth India. He expects a 5-8 percent YoY profit growth in Q2FY26, setting up for acceleration later in the year.

He believes that if Trump and Modi strike a deal removing the 25 percent tariff, it’ll be a big win.

&quot;With tax relief, GST 2.0, rate cuts, and a good monsoon, macro tailwinds look sustainable. Consumption, financials, and manufacturing should lead the earnings recovery,&quot; he said in an interview to Moneycontrol.

Do you think consumption will drive markets over the next few quarters?

Consumption is becoming the big story. With GST cuts making many goods 10–15 percent cheaper and February’s income-tax reduction boosting take-home pay, consumers have more money to spend. Per-capita consumption heading toward $3,250 will likely speed up revenue growth.

Demand remains strong heading into Q2FY26 — festivals, weddings, and upbeat sentiment are driving sales despite high gold prices. Non-jewelry categories are still posting double-digit growth, showing underlying demand is healthy and broad-based.

Are banks showing that growth is returning? Is the rally in financials just beginning?

India’s economy is shifting structurally, with consumption’s share in GDP rising to 60 percent in FY25 from 55 percent in FY20. People have more disposable income thanks to wage growth, tax cuts, and smart fiscal measures like GST rationalization.

This boom in consumption is channeling savings into financial assets — mutual funds, insurance, equities. Sector AUM has grown at a 19 percent CAGR over the past decade to about Rs 77 lakh crore by July 2025. Within financials, PSU and private banks remain core holdings. Large AMCs are also well-positioned given their scale and pricing power, while brokers face regulatory hurdles.

Can Indian IT firms capture the AI opportunity?

Yes, and it’s just starting. Tata Consultancy’s plan to build over 1 GW of data-center capacity shows long-term belief in India’s digital infrastructure. This move opens a new profit pool for value-added resellers and distributors — areas the market often overlooks. I expect more IT firms to allocate capital toward AI infrastructure and data-center expansion. The opportunity is huge.

Which sectors look attractive given recent developments?

Policy support is driving demand. The GST Council’s September 2025 move to simplify rates into 5 percent and 18 percent slabs — cutting tax on key durables from 28 percent — means 7–10 percent lower prices. That’s real relief for consumers.

Urban premiumization, rural financing schemes, and export gains from a weaker rupee all help. Add GDP growth, PMAY housing demand, and PLI incentives — the setup is very positive. Companies are also gaining margin leverage through scale and localization.

Has the worst passed for earnings and tariff concerns?

The market’s been consolidating, balancing US tariff worries with domestic positives — GST cuts, lower risk weights for banks, and potential rate cuts. Sentiment suggests the worst may be behind us.

What’s your view on Q2 earnings and the outlook?

Q2 may be soft, but the second half may see a recovery. A potential US-India tariff resolution would bring back demand, could reignite FPI inflows, which are near two-decade lows. We expect 5–8 percent YoY profit growth in Q2FY26, setting up for acceleration later in the year.

If Trump and Modi strike a deal removing the 25 percent tariff, it’ll be a big win. With tax relief, GST 2.0, rate cuts, and a good monsoon, macro tailwinds look sustainable. Consumption, financials, and manufacturing should lead the recovery.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

2 out of 4 years NIFTY TOTAL MKT has given positive returns in October.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	13,161.58	13,197.12	13,248.68	13,110.02	13,074.48	13,022.92	12,987.38
Fibonacci	13,143.29	13,163.84	13,197.12	13,110.02	13,076.74	13,056.19	13,022.92
Camarilla	13,134.03	13,142.02	13,150.00	13,110.02	13,118.07	13,110.08	13,102.10

INDEX CONTRIBUTION - NIFTY 750 TOTAL MKT

Net Contribution

MC TechnicalsPRO

Pivot levels

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