Pre Market 31st October 2025: Nifty Faces Expiry Pressure, Global Markets Steady — Stocks to Watch: Voltas, Cipla, Polycab, Ashok Leyland
By CapitalKeeper | Pre Market Opening | Indian Equities | Market Moves That Matter
Indian stock market pre-market report for 31st October 2025 — Nifty at 25,877, Bank Nifty at 58,031 as expiry volatility takes center stage. Global cues mixed; Gift Nifty flat. Stocks on radar: Voltas, Cipla, Polycab, and Ashok Leyland. Read full sector-wise and technical analysis with trade ideas.
📈 Pre Market 31st October 2025 — Expiry Day Volatility in Focus, Nifty Rangebound but Stock-Specific Action Likely
As the Indian stock market enters the final trading day of October derivatives expiry, volatility is expected to remain high. The Nifty 50 closed at 25,877.85, down 176 points, while the Bank Nifty ended at 58,031.10, reflecting slight weakness amid mixed sectoral performance. The Sensex settled at 84,404.46 and Fin Nifty closed at 27,376, both indicating a cautious tone across broader indices.
Despite the subdued sentiment, stock-specific momentum is likely to dominate expiry-day trades as traders roll over their positions into the November series. Let’s break down the global cues, Gift Nifty signals, sectoral performance, and technical setups that could define today’s pre-market session.
🌍 Global Market Cues: Calm Before the U.S. Data Storm
Global markets remained mixed overnight as investors awaited crucial U.S. economic data and Federal Reserve commentary.
- Dow Jones Industrial Average ended marginally higher by 0.22%, reflecting mild optimism in industrials and energy stocks.
- Nasdaq Composite saw a slight dip as tech investors booked profits after a volatile week of earnings.
- Asian markets are trading cautiously this morning — Nikkei 225 up 0.4%, Hang Seng flat, and Kospi slightly in the red.
- Crude oil prices hovered around $83.40/barrel, showing stability after recent OPEC+ supply comments.
- Gold prices held near $2,410/oz, indicating safe-haven demand amid geopolitical tensions.
- U.S. Dollar Index (DXY) stayed around 104.8, keeping pressure on emerging market currencies including the rupee.
Conclusion:
Overall, global cues are mildly positive, but with volatility expected later in the evening when key U.S. inflation and employment data are released.
🇮🇳 Gift Nifty Update — Indicating Flat Start Around 25,900 Zone
As of early morning, Gift Nifty was trading near 25,900 levels, suggesting a flat to mildly positive opening for the Indian market. Traders are expected to adopt a “wait-and-watch” stance ahead of expiry settlement, with focus shifting toward stock-specific rollovers.
Immediate resistance for Gift Nifty stands at 26,050, while support lies near 25,800. Sustained move above 26,000 could trigger short covering ahead of the November series.
🧭 Nifty Technical Outlook — Support at 25,800, Resistance at 26,050
The Nifty 50 continues to trade within a tight consolidation band, reflecting indecision among traders.
- Support zones: 25,780–25,800 (strong demand area)
- Resistance zones: 26,040–26,080 (short covering likely above)
- RSI (14): Near 48, showing neutral momentum
- MACD: Still in mild bearish crossover
A sustained close below 25,800 could invite short-term pressure toward 25,650, whereas a breakout above 26,080 can reignite the uptrend.
🏦 Bank Nifty View — Crucial Support at 57,800
Bank Nifty has been consolidating after sharp swings earlier this week.
- Support: 57,800
- Resistance: 58,500–58,700
- Outlook: As long as 57,800 holds, expect recovery attempts; a move above 58,700 can trigger momentum buying.
Private banks like HDFC Bank and ICICI Bank are expected to remain rangebound, while PSU banks could see selective buying near support zones.
📊 Sector-Wise Overview
🔸 Auto Sector
The auto index is showing early signs of breakout ahead of the festive demand peak.
- Ashok Leyland (CMP ₹140.77) — Momentum building up; short-term breakout possible above ₹145. Ideal for BTST or short-term swing setups.
- Maruti, M&M, and Tata Motors may remain in focus with stable volume trends.
🔸 Pharma Sector
Pharma stocks are showing resilience amid global volatility.
- Cipla 1540 CE @ ₹40— Risky but rewarding setup. Maintain SL ₹30, target ₹60–₹70+.
Stock likely to gain traction above ₹1,550 on momentum buying. - Sun Pharma and Lupin are showing steady accumulation.
🔸 Capital Goods & Infra
Infra sector remains structurally bullish with fresh rollovers visible.
- Polycab (CMP ₹7,846) — Near breakout zone; accumulation seen on daily charts.
Above ₹7,950, expect strong momentum towards ₹8,200 in the short term. - L&T and ABB India continue to attract delivery-based buying.
🔸 Energy & PSU
The energy space may see mild profit booking after recent strength.
However, defensive pockets like ONGC and HPCL could remain resilient with stable crude outlook.
🔸 FMCG
The FMCG index looks mixed; traders remain cautious as volume trends are weak. Marico, HUL, and Britannia may remain in a sideways zone until next trigger.
💥 Stock Ideas for 31st October 2025
✅ Voltas (CMP ₹1,419)
- Option Trade: Buy 1440 CE @ ₹21
- Stop Loss: ₹1,395 (Cash basis)
- Target: ₹40–₹60
- Cash Target: ₹1,500–₹1,550
Technical View: Stock forming higher highs and higher lows with rising RSI. Breakout likely above ₹1,440. Cooling sector showing strength amid festive demand.
⚡ Cipla (CMP ₹1,540 CE @ ₹40)
- Stop Loss: ₹30
- Target: ₹60–₹70+
- Comment: Risky trade, but strong momentum expected above ₹1,550 resistance zone. FII positions indicate bullish bias in select pharma counters.
🔍 Polycab (CMP ₹7,845)
- Trade Setup: Keep on radar; near ascending trendline breakout.
- Short-Term View: Above ₹7,950, potential move towards ₹8,100–₹8,200.
- Comment: Healthy fundamentals, and volume surge suggests delivery accumulation.
🚗 Ashok Leyland (CMP ₹140.77)
- Short-Term View: Looks good for BTST and positional swing.
- Targets: ₹147–₹152
- Stop Loss: ₹137
- Comment: Forming a bullish base near support, strong traction expected as auto numbers approach.
📉 Broader Market Sentiment
Midcap and smallcap indices are holding better than benchmarks, indicating rotational strength. Expiry-day volatility may cause intraday whipsaws, but investors with positional view should focus on strong charts with delivery-based accumulation.
- FII/DII Data: FIIs have been mild net sellers in index futures but net buyers in cash segment — suggesting hedging ahead of expiry.
- Volatility Index (India VIX): Hovering near 13.8, indicating mild nervousness before expiry settlement.
🔔 Key Levels to Watch
| Index | Support | Resistance | Bias |
|---|---|---|---|
| Nifty 50 | 25,780 | 26,080 | Neutral-to-Bullish above 26,000 |
| Bank Nifty | 57,800 | 58,700 | Sideways-to-Positive |
| Fin Nifty | 27,250 | 27,650 | Mildly Bullish |
| Sensex | 84,000 | 85,000 | Neutral |
📅 Outlook for the Day
The market may start on a flat to mildly positive note and remain rangebound during early trade. However, expiry-based volatility could lead to sharp intraday swings in select sectors like Auto, Infra, and Pharma.
Stock-specific trades will dominate the day — Voltas, Cipla, Polycab, and Ashok Leyland remain top names to watch. Traders should focus on tight stop-losses and avoid over-leveraging as the month ends with heightened volatility.
✅ Final Take
The 31st October session marks the end of the October derivatives series, setting the tone for November expiry. Broader trend remains intact as long as Nifty sustains above 25,800 and Bank Nifty defends 57,800.
Focus on sectoral rotation, option rollovers, and delivery-backed setups — key ingredients for the next leg of rally once global volatility eases.
📌 CapitalKeeper Quick Recap:
- Nifty may consolidate between 25,800–26,050
- Bank Nifty support at 57,800
- Watch Voltas, Cipla, Polycab, and Ashok Leyland
- Global cues mildly positive, expiry volatility high
📌 For daily trade setups, technical learning, and smart investing tips, stay tuned to CapitalKeeper.in
📌 For more real-time updates, trade setups, and investment insights — follow us on [Telegram] and [WhatsApp Channel] subscribe to our newsletter!
Subscribe Now , Join Telegram the Crypto Capital Club, Get Free Crypto Updates
📌 Disclaimer
The content provided on CapitalKeeper.in is for informational and educational purposes only and does not constitute investment, trading, or financial advice. While we strive to present accurate and up-to-date market data and analysis, we make no warranties or representations regarding the completeness, reliability, or accuracy of the information.
Stock market investments are subject to market risks, and readers/investors are advised to conduct their own due diligence or consult a SEBI-registered financial advisor before making any investment decisions. CapitalKeeper and its authors are not liable for any loss or damage, direct or indirect, arising from the use of this information.
All views and opinions expressed are personal and do not reflect the official policy or position of any agency or organization. Past performance is not indicative of future results.By using this website, you agree to the terms of this disclaimer.
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.
📌 Follow Ranjit on:
LinkedIn | Twitter/X | Instagram | ✉️ contact@capitalkeeper.in