Pre Market 03 November 2025: Nifty, Bank Nifty Outlook | Global Cues, Gift Nifty & Top Technical Picks
By CapitalKeeper | Pre Market Opening | Indian Equities | Market Moves That Matter
Indian Stock Market Pre Market Report for 03 Nov 2025 — Nifty closed at 25,722, Bank Nifty at 57,776. Global cues mixed as U.S. yields steady. Key levels, sectoral setup, Gift Nifty outlook, and top stock ideas including Sumichem, Tata Steel, and Voltas.
📈 Pre Market Report – 03 November 2025 | Indian Stock Market Outlook & Technical Setup
🌅 Early Morning Market Overview
The Indian equity markets ended last week on a cautious note amid global volatility and sectoral profit booking. On Friday, Nifty 50 closed at 25,722.10, down slightly from the day’s high, while Bank Nifty settled at 57,776.35, showing mild underperformance due to pressure in PSU and private lenders.
Sensex closed at 83,938.71, and FinNifty ended at 27,138.85, indicating mixed momentum across sectors.
As we begin the first week of November 2025, traders will focus on fresh monthly trends, Fed commentary follow-up, and key economic releases expected this week.
🌍 Global Market Cues
- U.S. Markets: Wall Street closed mixed on Friday. The Dow Jones fell marginally, while the Nasdaq ended flat as investors digested the latest earnings from tech giants. The Federal Reserve’s dovish tone last week hinted that the interest rate cycle may have peaked, though inflation data remains crucial for future direction.
- European Markets: Indices like FTSE and DAX showed resilience, backed by easing crude oil prices and better-than-expected manufacturing data.
- Asian Markets: Early trades on Monday show a positive start — Nikkei up 0.45%, Hang Seng up 0.65%, and Kospi higher by 0.3%, suggesting a mildly risk-on sentiment.
- Crude Oil: Brent futures hover near $86.50/barrel, stabilizing after a volatile week.
- U.S. Dollar Index (DXY): Slightly weaker near 104.7, offering some relief to emerging markets.
- Indian Rupee Outlook: The rupee may open flat to slightly stronger near ₹83.18/$, tracking weaker dollar and stable crude.
💡 Gift Nifty Update (as of 7:45 AM IST)
Gift Nifty trades around 25,760 – 25,780, indicating a flat-to-positive start for the Indian markets.
The data suggests muted volatility ahead of the session, with traders likely to focus on sector rotation rather than index-wide breakout.
Key Levels to Watch:
- Immediate Resistance: 25,900 – 26,050
- Immediate Support: 25,650 – 25,500
If Nifty holds above 25,700, expect momentum continuation toward 26,000 zone. However, a sustained break below 25,500 could trigger short-term consolidation.
📊 Technical Analysis: Nifty & Bank Nifty
Nifty 50 View (Closed: 25,722.10)
- Structure: The index continues to form a broad higher-low pattern on daily charts, respecting trendline support from the 24,900 zone.
- Indicators: RSI near 57, still neutral but showing early signs of momentum pickup. MACD is flat but on the verge of crossover.
- Key Levels:
- Support: 25,520 – 25,380
- Resistance: 25,950 – 26,120
- Outlook: Range-bound volatility expected between 25,500 – 26,000. A breakout above 26,050 may open the path for 26,300–26,400, while failure to hold 25,500 may trigger profit booking.
Bank Nifty View (Closed: 57,776.35)
- Pattern: The banking index shows a mild divergence, with PSU banks losing short-term strength while private lenders continue to hold crucial supports.
- Indicators: RSI stands at 54, MACD showing mild bearish crossover, suggesting limited upside.
- Key Levels:
- Support: 57,300 – 57,000
- Resistance: 58,600 – 59,000
- Outlook: Consolidation likely within 57,000–59,000 before a decisive breakout. Any move below 57,000 could drag it towards 56,200 zone.
FinNifty (Closed: 27,138.85)
FinNifty continues to show resilience near 27,000 mark, forming base support. A decisive move above 27,400 may attract momentum buying.
📈 Sectoral Snapshot
1. Auto Sector:
The auto index remained range-bound after a strong October series. Tata Motors and Hero MotoCorp are witnessing short-term accumulation.
📊 Watch levels: 410–430 resistance on Tata Motors (November CE looking attractive).
2. Metal Sector:
Metals are showing renewed strength amid recovery in Chinese industrial output. Tata Steel, Hindalco, and JSW Steel likely to continue upward bias.
3. FMCG:
Profit booking seen in major FMCG counters, but Marico’s November CE setup hints at a short-term bounce possibility.
4. Pharma:
Cipla and Sun Pharma consolidating near resistance; watch for breakout above 1,560 (Cipla).
5. Oil & Gas:
Hind Petro, ONGC, and IOC remain stable with crude prices cooling off. BPCL may outperform if Brent sustains below $87.
🔥 Stock Ideas for 03 November 2025
1️⃣ Sumichem (CMP ₹502)
- Setup: Strong base formation with higher lows on daily charts. Stock respecting 100-day EMA support zone.
- Trading Plan:
- Buy: At CMP ₹502
- Add More: Near ₹495 and ₹465
- Stop Loss: ₹440
- Target: ₹600 – ₹680
- View: Positional long; bullish momentum likely as the stock breaks above its short-term trendline resistance.
2️⃣ Tata Steel (CMP ₹182.84)
- Options Trade: 200 CE @ ₹0.90 (November expiry)
- Stop Loss: Cash SL below ₹179
- Target: ₹190 – ₹200
- View: Positive momentum expected in metal pack; Tata Steel showing early breakout signals above 185 zone.
3️⃣ Voltas (CMP ₹1383)
- Option Trade: 1400 CE @ ₹29.50
- Stop Loss: ₹1375
- Target: ₹60 – ₹80
- Cash Target: ₹1500 – ₹1550
- View: Voltas consolidating above key averages; a breakout above ₹1400 can push it to fresh 52-week highs.
💬 Market Sentiment Check
The overall market sentiment remains cautiously bullish, with traders eyeing midcap strength and select stock rotations.
Volatility index (India VIX) remains under 13, suggesting low fear among traders but also limited directional conviction.
FII inflows have slowed marginally, while domestic institutions continue to buy selectively in infra, banking, and energy counters.
🌐 Global Macros to Watch This Week
- U.S. Jobless Claims (Thursday)
- India PMI Manufacturing (Friday)
- Crude Oil Inventory Data (Wednesday)
- China Industrial Output Data
Traders should also track the USD-INR movement and U.S. bond yields, which remain the biggest near-term triggers for global risk sentiment.
📊 Conclusion
The Indian markets are poised for a range-bound yet stock-specific week.
With Nifty holding above 25,700 and Bank Nifty maintaining above 57,500, the underlying tone remains positive but cautious.
Key Takeaway:
Focus on momentum plays in Sumichem, Tata Steel, and Voltas, while keeping risk tight as markets await fresh cues from global data and FII flows.
📌 Key Levels Recap
| Index | Support | Resistance | View |
|---|---|---|---|
| Nifty 50 | 25,520 | 26,050 | Range-bound |
| Bank Nifty | 57,000 | 58,800 | Neutral to Bullish |
| Fin Nifty | 27,000 | 27,400 | Mildly Positive |
| Sensex | 83,500 | 85,000 | Consolidating |
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Ranjit Sahoo
Founder & Chief Editor – CapitalKeeper.in
Ranjit Sahoo is the visionary behind CapitalKeeper.in, a leading platform for real-time market insights, technical analysis, and investment strategies. With a strong focus on Nifty, Bank Nifty, sector trends, and commodities, she delivers in-depth research that helps traders and investors make informed decisions.
Passionate about financial literacy, Ranjit blends technical precision with market storytelling, ensuring even complex concepts are accessible to readers of all levels. Her work covers pre-market analysis, intraday strategies, thematic investing, and long-term portfolio trends.
When he’s not decoding charts, Ranjit enjoys exploring coastal getaways and keeping an eye on emerging business themes.
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