Nifty 50 Closing (Oct 30): 25,878 (-176.05, (−0.68%))
Trend Bias: Cautiously bullish with near-term consolidation
Expected Range: 25,800 – 26,200
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🧭 Technical Setup
Type | Zone | Implication |
| Strong Support | 25,830–25,870 | Key demand zone; potential bounce area. |
| Immediate Support | 25,800 | Holding above this sustains bullish tone. |
| Resistance | 26,000–26,100 | Likely profit-booking area on rebound. |
| Strong Resistance | 26,200 | Breakout zone for fresh momentum toward 26,500+. |
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📈 Scenario Analysis for Friday (Oct 31)
1. Bullish Case (Preferred)
- If Nifty sustains above 25,830–25,870, expect a rebound toward 26,000–26,100.
- Positive catalysts: short covering, stability in US futures, and supportive domestic flows.
- Intra-day setups: Buy-on-dips near 25,850 with a stop below 25,780; targets 26,050/26,120.
2. Bearish Case
- A sustained break below 25,830 could trigger a deeper correction toward 25,700 → 25,500.
- Key triggers: renewed FII selling or weak global cues (especially if Asian/US markets stay red).
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🌍 Macro & Sentiment Drivers
- FII Flows: Continued outflows remain a headwind, but DII support limits sharp declines.
- Global Cues: Investors await clarity from the US Fed on rate cuts; bond yields remain volatile.
- Sectoral Watch:
- Weakness: Banks, IT (profit booking).
- Strength: Autos, FMCG, selective energy stocks showing defensive buying.
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📅 Broader View (November & Beyond)
- Structural uptrend intact above the 50-day EMA (~25,600).
- Base building between 25,700–25,900 before potential breakout toward 26,300–26,500 in November.
- Medium-term projection: 27,000–27,200 possible by late Q4 2025 if global risk appetite returns.
- Longer-term projection remains optimistic amid strong corporate earnings and economic growth
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⚠️ Trading Approach
- Tone: Buy-on-dips while keeping tight stops.
- Stay Cautious, Avoid aggressive longs until Nifty closes above 26,100 with volume confirmation.
- Monitor global cues like US FED updates and FII flows closely as they could sway sentiment.
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*This is not financial advice; consult a certified advisor for personalized strategies.
*Please share your views in the comments box.
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Good Insights...
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