Pre-Market Analysis (28th October 2025): Nifty, Bank Nifty Outlook, Global Cues & Top Stock Picks
By CapitalKeeper | Pre Market Opening | Indian Equities | Market Moves That Matter
Get your pre-market insights for 28th October 2025 – Nifty at 25,966, Bank Nifty at 58,114. Sector-wise analysis, Gift Nifty trends, global cues, and top trading ideas like Grasim, Hind Petro, IndusTower, and IndiaMART for today’s session.
Pre-Market Report: 28th October 2025 – Bulls Holding Firm as Nifty Eyes 26,000 Mark
As we step into the last trading week of October 2025, the Indian equity market continues its steady uptrend, with the benchmark Nifty closing at 25,966.05, Bank Nifty at 58,114.25, Sensex at 84,778.84, and Fin Nifty at 27,519.00 on the previous session (27th Oct). The market is showing strong resilience amid mixed global signals, with Gift Nifty hinting at a positive opening today.
Gift Nifty Update:
Gift Nifty is currently trading around 26,010–26,040, up nearly 40 points from the previous close, indicating a mild bullish opening for the Indian indices. Despite global uncertainties, investor sentiment remains constructive, supported by sustained foreign inflows and better-than-expected quarterly earnings from index heavyweights.
Global Market Cues:
- US Markets: The Dow Jones closed flat, while Nasdaq saw mild gains driven by tech stocks rebounding ahead of major earnings announcements.
- European Markets: FTSE and DAX ended in the green as crude oil prices eased, reducing inflationary pressure.
- Asian Markets: Nikkei and Hang Seng are trading mixed amid cautious sentiment around the upcoming US Fed policy statement.
- Commodities: Brent crude hovers near $82 per barrel, Gold remains stable around $2,345/oz, while the Dollar Index stays near 104.
Global risk appetite appears neutral to positive, which should help domestic markets open with stability.
Nifty Technical View:
Nifty has been consolidating near the 25,950–26,000 zone, showing strength above the 25,850 support level. The index has formed a short-term higher-low pattern, which signals continued bullishness unless the index closes below 25,820.
➡️ Key Levels to Watch:
- Support Zone: 25,820 – 25,750
- Resistance Zone: 26,070 – 26,200
- Trend View: Buy on dips remains the preferred strategy as long as Nifty sustains above 25,800.
If Nifty sustains above 26,000, the next upside targets could stretch towards 26,250–26,350, while any intraday weakness will find support near 25,800.
Bank Nifty Outlook:
Bank Nifty closed at 58,114.25, holding strong near its breakout zone. The financial index is showing renewed momentum from private banking majors like ICICI Bank and Axis Bank.
➡️ Key Levels to Watch:
- Support Zone: 57,650 – 57,400
- Resistance Zone: 58,600 – 59,200
- Trend View: Bullish above 57,800; profit booking possible near 59,200.
The index has immediate resistance near 58,600, where sellers might emerge. A breakout above this could trigger a fresh move toward 59,500.
Sensex & Fin Nifty View:
Sensex (84,778.84) continues to outperform with strong participation from Reliance, HDFC Bank, and ITC. The structure remains bullish as long as it sustains above 83,900.
Fin Nifty (27,519.00) has reclaimed momentum and is expected to test 27,800–28,000 in the near term if it sustains above 27,400.
Sector-Wise Market Setup for 28th October 2025:
1. IT Sector:
Tech stocks are recovering globally as US yields have stabilized. Expect Infosys, HCLTech, and Tech Mahindra to remain in focus for short-term trades.
Bias: Positive with resistance near Nifty IT 38,900 and support at 38,200.
2. Energy & Oil Stocks:
Brent cooling near $82/bbl is positive for OMCs like Hind Petro, BPCL, and IOC. Expect continued strength in these counters.
Bias: Positive – Oil refiners can outperform in short term.
3. Metal Sector:
After a strong rally, metals like Tata Steel and Hindalco may see slight profit booking. However, long-term trend remains bullish.
Bias: Neutral to mildly positive.
4. Banking Sector:
Private banks remain the anchor of this rally, while PSU banks could face mild consolidation after their sharp rise.
Bias: Positive above Bank Nifty 57,800.
5. Auto & Ancillary:
Auto index continues its strong uptrend, led by Tata Motors and Mahindra & Mahindra. Watch out for upcoming monthly sales data next week.
Bias: Positive with possible consolidation.
Top Stock Picks for Today (28th Oct 2025):
1. GRASIM – CMP ₹2910
- Buy Above: ₹2910
- Stop Loss: ₹2820
- Targets: ₹2950 / ₹2980 / ₹3020
View: Grasim continues its bullish momentum with strong delivery volumes. The counter is trading near a short-term breakout level on the hourly chart. Sustaining above ₹2910 could invite fresh momentum buying.
2. HINDUSTAN PETROLEUM – CMP ₹453.75
- Positional Delivery Buy
- Stop Loss: ₹444
View: The stock has given a clean breakout from a flag pattern on the daily chart. As crude prices stabilize, refining margins are expected to improve, making HPCL a strong candidate for positional longs.
3. INDUS TOWER – CMP ₹371
- Buy Above: ₹371
- Stop Loss: ₹360
- Targets: ₹380 / ₹388 / ₹398
View: Indus Tower is trading in a strong uptrend channel with consistent higher highs. Breakout above ₹371 can trigger a short-term rally toward ₹390–₹400 zones.
4. INDIAMART – CMP ₹2454
- Positional Delivery Buy
- Stop Loss: ₹2340
- Targets: ₹2500 / ₹2540 / ₹2610
View: IndiaMART has been consolidating in a tight range for several sessions. The stock looks poised for a breakout above ₹2470. Positive structure supported by strong fundamentals and delivery buying.
Macro Outlook & Market Sentiment:
The domestic market sentiment remains optimistic as India heads into the festive season. Earnings from FMCG and IT sectors have been better than anticipated, and FIIs have turned net buyers over the past week.
Bond yields are steady, and the rupee has stabilized near ₹83.15/$, providing further cushion to equities.
However, traders must remain cautious around the 26,200–26,300 Nifty zone, as it aligns with key Fibonacci resistance. Short-term profit booking can’t be ruled out after the recent rally.
Conclusion:
The overall trend remains bullish with rotational sectoral strength keeping indices well-supported. Traders can look to buy on dips near support levels while maintaining strict stop losses.
As long as Nifty holds above 25,850 and Bank Nifty above 57,800, the market structure remains positive.
The near-term focus should remain on earnings announcements, crude oil movement, and Gift Nifty sentiment.
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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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