Nifty wavers and struggles for direction after a positive start. Profit booking blamed. HUL drops 3% post Q2.

Nifty (-79, 25811)
Sensex (-275, 84281)
Bank Nifty (-243, 57835)

Nifty (CMP: 25811)

SUPPORT: 25771/25551
RESISTANCE: 26100/26277
TRADING RANGE (25750-26000)
BIAS: Positive

SECTOR GAINER:

NIFTY METAL (+1.44%)
NIFTY DEFENCE (+0.34%)
NIFTY REALITY (+0.13%)

SECTOR LOSER:

NIFTY FMCG (-1.34%)
NIFTY HEALTHCARE (-0.66%)
NIFTY MEDIA (-0.63%)

STOCKS IN SPOTLIGHT:

1) Federal Bank (+0.63%) gains after board approves capital raise proposal worth Rs 6,196.51 crore. The bank’s board approved a proposal to grant 27.29 crore warrants at a price of Rs 227 apiece to Asia II Topco XIII, amounting to a total cash consideration of Rs 6,196.51 crore.

2) Cipla tumbled 2.81% after the company announced that it has entered into an agreement with Eli Lilly to distribute tirzepatide in India under the brand name Yurpeak. The drug, indicated for the treatment of type 2 diabetes and obesity, will be priced at par with Eli Lilly’s Mounjaro.

3) Hindustan Unilever Ltd (HUL) plunged 3.21% after the firm posted a 4% year-on-year rise in consolidated net profit for Q2 FY26 to Rs 2,694 crore, but aided by a one-off tax gain.

KEY THEMES FOR THE DAY:

1) Keeping upside capped will be the 3-Negative Catalysts:

a) Oil prices spiked to $61.50 a barrel after President Trump imposed sanctions on Russia’s top oil majors, Rosneft and Lukoil.

b) Trade tensions resurfaced, following reports that the White House is considering restrictions on U.S. software exports to China.

c) In yesterday’s volatile session, FIIs turned out to be net sellers to the tune of Rupees 1166 Crores.

The earnings calendar promises to be eventful. Key Earnings on radar this week:

Friday, October 24 – SBI LIFE, DR REDDYS LAB, SBI CARD, COFORGE,

Saturday, October 25 – KOTAK MAHINDRA BANK

Top Index Gainers:
HINDALCO (+3.75%)
ONGC (+1.71%)
SHRIRAM FINANCE (+1.25%)
ICICI BANK (+1.15%)
TATA STEEL (1.13%)

Top Index Losers:
HUL (-3.42%)
CIPLA (-2.88%)
KOTAK BANK (-2.39%)
MAX HEALTH (-1.72%)
ADANI PORTS (-1.25%)

# 10:45 AM GLOBAL UPDATE:
Dow Futures: (+53, 46788)
Nasdaq 100 Futures (+83, 25181)

Nikkei (+677, 49315)
Hang Seng (+212, 26180)

Dollar Index (+0.11%, 99.03)
WTI OIL (-0.64%, 61.39)
Gold (-7, 4118)

Securities in Ban for Trade Date: Friday, October 24th 2025*

NIL

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.


🇮🇳 India : S&P Global Manufacturing PMI (Oct), S&P Global Services PMI (Oct), Manufacturing & Services PMI (Oct), FX Reserves, USD

🇯🇵 Japan : Coincident Indicator (MoM) (Aug), Leading Index (MoM) (Aug), Leading Index (Aug)

🇸🇬 Singapore : Industrial Production (MoM) (Sep), Industrial Production (YoY) (Sep)

🇬🇧 Great Britain : Core Retail Sales (MoM) (Sep), Core Retail Sales (YoY) (Sep), Retail Sales (YoY) (Sep), Retail Sales (MoM) (Sep), S&P Global Composite PMI (Oct), S&P Global Manufacturing PMI (Oct), S&P Global Services PMI (Oct)

🇩🇪 Germany : HCOB Germany Composite PMI (Oct), HCOB Germany Manufacturing PMI (Oct), HCOB Germany Services PMI (Oct)

🇪🇺 Euro : HCOB Eurozone Manufacturing PMI (Oct), HCOB Eurozone Composite PMI (Oct), HCOB Eurozone Services PMI (Oct)

🇺🇸 USA : Building Permits (MoM) (Sep), Building Permits (Sep), Core CPI (MoM) (Sep), Core CPI (YoY) (Sep), Core CPI Index (Sep), CPI (YoY) (Sep), CPI (MoM) (Sep), CPI Index, n.s.a. (Sep), CPI Index, s.a (Sep), CPI, n.s.a (MoM) (Sep), Real Earnings (MoM) (Sep), S&P Global Manufacturing PMI (Oct), S&P Global Composite PMI (Oct), S&P Global Services PMI (Oct), Michigan 1-Year Inflation Expectations (Oct), Michigan 5-Year Inflation Expectations (Oct), Michigan Consumer Expectations (Oct), Michigan Consumer Sentiment (Oct), Michigan Current Conditions (Oct), New Home Sales (Sep), New Home Sales (MoM) (Sep), Cleveland CPI (MoM) (Sep), U.S. Baker Hughes Oil Rig Count, U.S. Baker Hughes Total Rig Count


Nifty is likely to open with positive bias and most importantly, will aim to extend its winning streak to the seventh-consecutive session.

The Positive Catalyst: India-US trade deal optimism.

9:00 am GLOBAL UPDATE:

GIFT Nifty 🇮🇳: (+37, 25998)
Dow Futures: (+31, 46767)
Nasdaq 100 Futures (+71, 25169)

Nikkei (+636, 49278)
Hang Seng (+129, 26097)

Dollar Index (+0.11%, 99.03)
WTI OIL (-0.64%, 61.39)
Gold (-7, 4118)

Securities in Ban for Trade Date: Friday, October 24th 2025*

NIL

The earnings calendar promises to be eventful. Key Earnings on radar this week:

Friday, October 24 – SBI LIFE, DR REDDYS LAB, SBI CARD, COFORGE,

Saturday, October 25 – KOTAK MAHINDRA BANK

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.


INDEX Derivatives
Previous FUTURE Closing to SPOT

NIFTY on 24.10.25 @ +59

NIFTY on 21.10.25 @ -03

NIFTY PCR

NIFTY – 0.88

BANKNIFTY PCR

BANKNIFTY – 1.12

MAX CE OI

NIFTY – 27000, 26200

BNF – 60000

SHORT Covering

NIFTY – 26000-27000

MAX PE OI

NIFTY – 25000, 25500

BNF – 57000

SHORT Buildup

25200-24250

STOCK Derivatives:

Long Buildup: # IDFCFIRSTB # BEL # NYKAA # INOXWIND

Long Unwinding: # IOC # HINDPETRO # CIPLA # NUVAMA

Short Buildup : # INDIGO # MUTHOOTFIN # MANAPPURAM # DIXON

Short Covering : # WIPRO # VEDL # GAIL # TATAPOWER

Stocks banned in F&O Segment: NIL

New in Ban: NIL

Out of Ban: NIL

October 23rd 2025 FII/DII:

FII : -1165.94 crores.

DII: +₹ 3893.73 crores

BSE Derivatives Data

SENSEX Futures on 23.10.25 @ +194
SENSEX Futures on 21.10.25 @ +44

SENSEX PCR
0.72

BANKEX PCR
2.26

MAX CE OI

SENSEX – 85000

BANKEX – 66000

MAX PE OI

SENSEX – 80000

BANKEX – 65000

Happy Trading Day ahead

Disclaimer: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.


TOP SECTORS:

Bullish Sector: PHARMA, IT, BANKNIFTY, METAL, INFRA, DEFENCE

Bearish Sector: NONE

STOCKS TO WATCH:

BULLISH STOCKS (Long Build-up+ Short Covering): BEL, HDFC BANK, HUDCO, LAURUS LAB, GRASIM, BAJAJ FINANCE, BAJAJ FINSERV, LARSEN, NAM INDIA, BANK OF BARODA, PNB, MANAPPURAM, HDFC BANK, CHOLAMANDALAM FINANCE.

BEARISH STOCKS (Long Unwinding + Short Buildup): TATAMOTORS, ETERNAL.

Our chart of the day is bullish on BEL, SUN PHARMA, LAURUS LAB, GRASIM, and HDFC BANK on any early excessive intraday weakness with an interweek/Intermonth perspective.

The 1 stock to BUY right now:

Buy BEL (CMP 419): Buy at CMP. Stop at 395. Targets 425/437. Aggressive targets at 451. (Interweek Strategy). Rationale: Technically, the stock is signaling a massive break out on the upside . Major hurdles only at 425. Key interweek support 397. Above 425, major hurdles only at 451 mark. 200-DMA at 344.

Happy Trading Day ahead

Disclaimer: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.


GIFT Nifty 🇮🇳: (+71, 26031)

In yesterday’s session, Nifty couldn’t sustain early gains, with both Nifty and Sensex ending nearly flat by the close.

The silver lining — both benchmarks extended their winning run to six consecutive sessions, reflecting underlying market resilience.

Key Earnings on radar:

Friday, October 24 – SBI LIFE, DR REDDYS LAB, SBI CARD, COFORGE.

Saturday, October 25 – KOTAK MAHINDRA BANK

A choppy, range-bound, up-and-down session appears quite likely, though bullish undertones persist — with traders keeping a sharp focus on Nifty’s all-time high of 26,277.35, a level that may well be tested sooner rather than later.

The Positive Catalyst: Hopes of US Tariff cuts on Indian imports to 15–16%.

Meanwhile, keeping upside capped will be the 3-Negative Catalysts:

1) Oil prices spiked to $61.50 a barrel after President Trump imposed sanctions on Russia’s top oil majors, Rosneft and Lukoil.

2) Trade tensions resurfaced, following reports that the White House is considering restrictions on U.S. software exports to China.

3) In yesterday’s volatile session, FIIs turned out to be net sellers to the tune of Rupees 1166 Crores.

STOCKS IN SPOTLIGHT

1) Infosys (+3.57%) jumped after promoters and promoter group, including Nandan M Nilekani and Sudha Murty, decided not to participate in the company’s Rs 18,000 crore share buyback.

2) Hindustan Unilever (HUL) (+0.36%) consolidated after the company’s consolidated net profit increased 3.81% to Rs 2,694 crore on 1.50% jump in total income to Rs 16,388 crore in Q2 FY26 over Q2 FY25.

3) Vardhman Textiles (+7.14%) gained as optimism grew that India and the US may soon strike a trade deal, potentially easing tariff barriers on Indian exports. Meanwhile, Vardhman Textiles reported 4.8% fall in consolidated net profit to Rs 187.03 crore on a 0.9% fall in revenue to Rs 2,480.10 crore in Q2 FY26 over Q2 FY26.

4) Epack Prefab Technologies (+14.07%) gained after the company’s consolidated net profit surged 104.2% to Rs 29.47 crore on 61.9% increase in net sales to Rs 433.94 crore in Q2 FY26 over Q2 FY25.

5) Bharat Electronics (BEL) rose 0.23% after the company has announced that it has secured order valued at Rs 633 crore from Cochin Shipyard.

Now, here is the preferred trade on Nifty and Bank Nifty:

Nifty (25891): Buy at CMP. Stop at 25501. Targets 26277/26500. Aggressive targets at 27000-27500 zone.

Bank Nifty (58078): Buy at CMP. Stop at 56770. Targets 58350/58750. Aggressive targets at 59100-59500 zone.

Our chart of the day is bullish on BEL, SUN PHARMA, LAURUS LAB, GRASIM, and HDFC BANK on any early excessive intraday weakness with an interweek/Intermonth perspective.

The 1 Stock to Buy Right Now: Buy BEL (CMP 419): Buy at CMP. Stop at 395. Targets 425/437. Aggressive targets at 451. (Interweek Strategy). Rationale: Technically, the stock is signaling a massive break out on the upside . Major hurdles only at 425. Key interweek support 397. Above 425, major hurdles only at 451 mark. 200-DMA at 344.

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.


MARKET TRENDS:

Global cues: Positive
FII: (-1165.90 crores)
DII: (+3893.70 crores)
Sentiment: Bullish
Market Breadth: Positive
Technicals: Massive Rebound
F&O: 25000 – 27000 zone.

INDIA VIX 11.73 (+3.81%)
USD/INR Futures (October) (87.89)
NIFTY PCR (28th October) 0.88
Bank Nifty PCR (28th October) 1.12

Nifty Outlook: Festive Spirit on Dalal Street — bullish sentiment likely to stay alive, with all eyes on Nifty’s all-time high of 26,277.35 with an interweek perspective.

WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:

NIFTY (CMP 25891):
SUPPORT: 25800/25550
RESISTANCE: 26277/27000
RANGE: 25800-26100
BIAS: Positive
21 DMA: 25193
50 DMA: 25011
200 DMA: 242560

SENSEX (CMP 84556)
SUPPORT: 84000/83500
RESISTANCE: 85979/87500
RANGE: 84200-85200
BIAS: Positive
21 DMA: 82196
50 DMA: 81649
200 DMA: 79693

BANK NIFTY (CMP 58078)
SUPPORT: 57400/56700
RESISTANCE: 58600/59300
RANGE: 57500-58500
BIAS: Positive
21 DMA: 56208
50 DMA: 55421
200 DMA: 53575

Nifty: In Thursday’s trade, Nifty started the session on a front foot but profit booking emerged in the mid-session but the positive takeaway was that the benchmark ended on green note, up for 6th straight day.

Nifty’s 100 DMA is at 25019 mark.

Nifty’s all-time-high continues to be at 26277.35 mark.

The technical landscape suggests Nifty’s major support at 25800/25550/25350 mark.

Nifty’s hurdles seen 26277.35 mark.

Nifty’s 200 DMA at 24260 mark.

Nifty’s chart of the day suggests the benchmark may trade with bullish bias with Nifty’s biggest intraday hurdles at 26277.35 and then aggressive targets at 27000 mark on closing basis. Bias is constructively bullish.

Bank Nifty: In Thursday’s session, Bank Nifty started the session on a positive footing, and the positive takeaway away was that the benchmark scaled a fresh new all-time now at 58577.50 mark.

Bank Nifty was seen aiming to mirror Nifty’s rebounding action, ending 0.12% higher as against Nifty’s 0.09% gains.

Interestingly, Nifty PSU Banks ended 0.28% higher while Nifty Private Bank Index ended with 0.49% gains.

Intraday support for Bank Nifty now seen at 57400/56700 mark and then at 55500 mark on closing basis.

In today’s trade and in near term, Bank Nifty is likely to face resistance at 58600/59300 mark. Bank Nifty’s 200-DMA is placed at 53575 mark. Bias on Bank Nifty continues to be bullish.

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.


Gift Nifty is pointing to a higher start for our stock markets.

Investor optimism is fueled by expectations of:

1) The U.S. is reportedly set to slash tariffs on Indian imports to just 15–16%.

2) President Donald Trump and Xi Jinping set to meet next week to address tariff disputes and prevent further escalation.

3) Markets are pricing in two additional Fed rate cuts by year-end.

Investors turn to Friday’s US CPI report for fresh guidance on monetary policy.

Bottom-line: A positive start on cards as bulls may aim to ring Nifty’s 8th straight day of gains.

7:00 AM GLOBAL UPDATE:

GIFT Nifty 🇮🇳: (+88, 26048)
Dow Futures: (+25, 46760)
Nasdaq 100 Futures (+63, 25161)

Nikkei (+573, 49215)
Hang Seng (+209, 26177)

Dow Jones (+144, 46735)
Nasdaq Composite (+201, 22941)
Bovespa (+848, 145721).

WHAT HAPPENED AT WALL STREET IN OVERNIGHT TRADE:

Wall Street stabilizes and trades with positive bias in overnight trade as the blue-chip Dow Jones Industrial Average was up 0.3% at 46,734, the broader S&P 500 was 0.6% higher at 6,738, and the tech-heavy Nasdaq Composite had gained 0.9% to 22,941.

Gold prices ($4,125 per ounce) traded higher as investors weighed trade developments and geopolitical tensions that lifted the metal’s safe-haven appeal

Please note, gold remains up 60% year-to-date, supported by expectations of further Federal Reserve easing and ongoing geopolitical uncertainties

WTI crude oil futures have jumped towards $61.50 per barrel, reaching a two-week high, following the US announcement of sanctions on key Russian oil companies. The US has banned state-owned giants Rosneft PJSC and Lukoil PJSC, in a move aimed at increasing pressure on the Kremlin over Moscow’s lack of commitment to peace in Ukraine.

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.


Good Morning Early, Readers!!

Gift Nifty continues to power higher on hopes that the U.S. is reportedly set to slash tariffs on Indian imports to just 15–16%.

6:00 AM GLOBAL UPDATE:

GIFT Nifty 🇮🇳: (+52, 26012)
Dow Futures: (+3, 46738)
Nasdaq 100 Futures (+63, 25161)

Nikkei (+420, 49062)
Hang Seng (Closed, 25968)

Dow Jones (+144, 46735)
Nasdaq Composite (+201, 22941)
Bovespa (+848, 145721).

Wall Street stabilities in overnight trade as the blue-chip Dow Jones Industrial Average was up 0.3% at 46,734, the broader S&P 500 was 0.6% higher at 6,738, and the tech-heavy Nasdaq Composite had gained 0.9% to 22,941.

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantees performance of the intermediary or provides any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.


FIIs become net sellers for this week and this month yet again🛑⚠

FII Cash: -1,165.9 Cr.
DII Cash: +3,893.7 Cr.

FII Week Till Date
FII Cash: -278.7 Cr.
DII Cash: +5,772.1 Cr.

FII/DII Month till Date
FII Cash: -865.5 Cr.
DII Cash: +33,816.5 Cr.

FY-26 Till Date
FII Cash: -1,10,325.8 Cr.
DII Cash: +4,17,362.7 Cr.

Gift Nifty at 20:25 (26022, +62)

1 35 36 37 38 39 50