Technical View: Momentum fades, bears can drag Nifty toward 25,500 if Nifty sustains below 20 DEMA
Weekly options data indicated that the Nifty 50 is expected to trade in the 25,200–25,800 range in the short term, with 25,000–26,000 being the broader range.
Trade setup for November 4: Top 15 things to know before the opening bells
Until all indicators align positively, the consolidation phase may continue, with the 25,700–25,600 zone acting as key support. Below this, 25,500 remains a crucial support level. On the higher side, the 25,900–26,000 zone is expected to act as a hurdle, according to experts.
Trading Plan: Can Nifty 50 sustain above 25,700, Bank Nifty hold 58,000 amid consolidation?
The Nifty 50 index is expected to consolidate further with support in the 25,700–25,600 zone, while on the higher side, the 25,900–26,000 levels are to be watched, as sustaining above them can drive the index toward a record high, experts said.
Trade Spotlight: How should you trade Aurobindo Pharma, LIC, Godrej Properties, Punjab National Bank, Bharat Airtel, Cummins, and others on November 4?
The consolidation amid range-bound trading may continue in the upcoming sessions due to a lack of triggers. Below are some short-term trading ideas to consider.
Technical View: Nifty may consolidate further with 20 DEMA support; VIX spikes 4-month high, signals caution
The weekly options data continues to show 26,000 as a resistance for the Nifty 50, while support is placed in the 25,700–25,500 range.
Chartist Talk: Mild Nifty pullback likely before next rise; Foram Chheda bets on CSB Bank, Force Motors
Foram Chheda has a neutral to mildly bullish view for the equities ahead in November.
Trading Plan: Will Nifty 50, Bank Nifty extend downtrend for third consecutive session?
If the Nifty decisively breaks 25,700–25,670, the 25,500–25,400 levels are the next to watch, as selling pressure may widen below this zone. However, on the higher side, 25,900–26,000 is the immediate hurdle, followed by 26,100, experts said.
Trade Spotlight: How should you trade Sobha, IDBI Bank, Bharat Electronics, Suzlon Energy, Union Bank of India, BPCL, and others on November 3?
Given the cautious sentiment signaled by momentum indicators, the market may continue consolidating for a few more days. Below are some short-term trading ideas to consider.
Trade setup for November 3: Top 15 things to know before the opening bells
Momentum indicators signaled some caution in the short term, especially after a sharp rally in October. A breakdown below 25,500-25,400 area could strengthen the bears, whereas holding above it amid the current nervousness and consolidation could push the Nifty 50 back toward 25,900–26,000, according to experts.
Slow and spreads more efficient: Shubham Agarwal
Vertical Debit Spreads are the spreads that has both options of the same type and expiry date. Also, the debit element of spreads indicate we have to pay premium to get into the trade. Higher Strike Calls and lower Strike Puts are relatively less expensive.
Chartist Talks: Sudeep Shah remains bullish on these 3 PSUs, flags caution on Sagility
Sagility breached its previous high of Rs 56.40 but failed to sustain, forming a bearish engulfing candle on the daily chart — a potential reversal signal, Sudeep Shah said.
Technical View: Nifty snaps 4-week gains, bears can challenge 25,500 if Nifty breaks 25,670 level; Bank Nifty near key support
Weekly options data also indicates that the Nifty is expected to remain in the 25,500–26,100 range in the short term.
Trading Plan: Can Nifty 50, Bank Nifty see follow-through selling amid range-bound trade?
Until the Nifty 50 achieves a decisive breakout and sustains above 26,100 — the key hurdle — consolidation amid rangebound trading may continue, with immediate support in the 25,800–25,700 zone.
Trade Spotlight: How should you trade BHEL, BPCL, NBCC, eClerx Services, Polycab India, Brigade Enterprises, and others on October 31?
The market is expected to consolidate further amid range-bound trading before finding firm direction. Below are some short-term trading ideas to consider.
Trade setup for October 31: Top 15 things to know before the opening bells
If the Nifty 50 stays below 26,000, the consolidation may continue with support at 25,800–25,700, followed by 25,500 as a crucial support level. However, climbing decisively above 26,000 can open the door for the 26,100–26,300 zone, according to experts.
Technical View: Bears may take charge if Nifty breaks 25,700 support, Bank Nifty’s next move hinges on 58,000
The weekly options data suggested that 26,000 is expected to act as a strong resistance for the Nifty 50, with key support at 25,500.
Trading Plan: Can Nifty sustain above 26,000, Bank Nifty defend the 58,000 zone?
The Nifty 50 needs to defend 26,000 level consistently for an upmove toward 26,300, followed by 26,500. Until then, consolidation and range-bound trading may continue, with support at the 25,900–25,800 levels, experts said.
Trade Spotlight: How should you trade HUDCO, Hindustan Petroleum Corporation, GAIL, Himadri Speciality Chemical, and others on October 30?
The market needs to surpass the previous day’s high for a further upmove; till then, it may see consolidation. Below are some short-term trading ideas to consider.
Trade setup for October 30: Top 15 things to know before the opening bells
Experts noted that holding above 26,000 can open the door for a move toward the immediate target of 26,100, followed by 26,300 (near the record high), while the 25,900–25,800 zone can act as a key support area for the Nifty 50.
Technical View: Nifty at 13-month high, crossing 26,100 crucial for move towards record high; 58,600 key for further uptrend in Bank Nifty
The weekly options data suggested a medium-term target for the Nifty 50 at 27,000, with 26,200 and 26,500 serving as immediate targets—provided 26,000 continues to hold as a crucial support level.
Bulls dominate October series as FPIs unwind shorts, setting the stage for a bullish November expiry
As long as the Nifty sustains above the 25,500–25,600 zone, the bias remains constructively bullish. Traders should adopt a buy-on-dips strategy, focusing on accumulation near supports.
Trading Plan: Will Nifty 50, Bank Nifty break above previous day’s high as November series begins?
According to experts, if the Nifty 50 closes and sustains above the 26,000 level, 26,100 followed by 26,300 can be possible in the upcoming days, with support at 25,800–25,700.
Trade Spotlight: How should you trade TCS, NALCO, Stove Kraft, UPL, IndiaMART InterMESH, SBI Life Insurance, and others on October 29?
The market is expected to remain rangebound until it decisively surpasses last Thursday's high. Below are some short-term trading ideas to consider.
Trade setup for October 29: Top 15 things to know before the opening bells
Experts believe the Nifty 50 is gradually expected to reclaim 26,100, followed by 26,300 (near its previous record high) in the upcoming sessions, once it starts trading above the psychological 26,000 mark. On the downside, support is placed in the 25,850–25,800 zone.
