Pre-Market Analysis 29th Oct 2025: Nifty Steady Near 25,940; Bank Nifty Holds 58,200 | Global Cues, F&O Data & Stock Picks
By CapitalKeeper | Pre Market Opening | Indian Equities | Market Moves That Matter
Get the detailed Pre-Market Report for 29th October 2025 – Nifty 25,936, Bank Nifty 58,214, Sensex 84,628. Explore Gift Nifty trends, sector-wise setup, global market cues, and top stock ideas like Tata Power, Suraj Estate, and Butterfly Gandhimathi for today’s session.
Pre-Market Report – 29th October 2025 | Nifty & Bank Nifty Outlook Ahead of Expiry
Indian markets closed on a mixed but resilient note on Tuesday, reflecting cautious optimism ahead of the monthly F&O expiry. The Nifty 50 ended at 25,936.95, marginally lower, while Bank Nifty managed to hold firm at 58,214.10. The Sensex settled at 84,628.16, and the Fin Nifty at 27,453.95, indicating range-bound action but with strong undercurrents of accumulation visible in selective sectors.
With the expiry week underway and earnings season in full swing, traders are bracing for volatility, while broader data hints at short-covering possibilities if global sentiment stabilizes.
🌐 Global Market Cues: Gift Nifty Indicates a Stable Start
The Gift Nifty traded around 25,970, showing a mild uptick of 35–40 points, suggesting a flat-to-positive opening for the Indian indices.
Wall Street ended higher overnight, led by technology and energy stocks, as U.S. Treasury yields eased slightly and corporate earnings continued to surprise on the upside.
- Dow Jones: +0.45%
- NASDAQ: +0.72%
- S&P 500: +0.58%
Asian markets opened mixed this morning, with Nikkei 225 and Hang Seng trading marginally higher, while Shanghai Composite showed mild profit booking. The global sentiment is cautiously positive as crude oil prices stabilized below $84 per barrel and the dollar index retreated from recent highs, bringing relief to emerging markets.
📊 Technical Snapshot: Nifty & Bank Nifty Levels
Nifty 50 Technical View
- Close: 25,936.95
- Support Zones: 25,850 / 25,700 / 25,530
- Resistance Levels: 26,050 / 26,180 / 26,280
Nifty continues to respect the crucial 25,850–25,900 zone, which has acted as a solid demand area for the past few sessions. As per the time and price correlation, Monday’s 11:15 AM reversal zone remains significant. If Nifty sustains above 26,050, we could see another rally towards 26,500–26,600 in the short term.
However, if 25,530 is breached decisively, it may invite a deeper correction — though as per the market rhythm, such probability remains low unless global risk-off triggers appear.
Bank Nifty Technical View
- Close: 58,214.10
- Support: 57,850 / 57,500
- Resistance: 58,500 / 59,050
Bank Nifty showed relative strength, aided by PSU banks and select private players. The open interest (OI) concentration is seen at 58,000 put and 59,000 call, suggesting the index could trade within this range till expiry. Sustained move above 58,500 will likely fuel momentum towards 59,200.
🏭 Sector-Wise Market Outlook
1. PSU & Banking Stocks:
SBI continues to shine after receiving two international awards — “Best Bank in India 2025” and “World’s Best Consumer Bank 2025.”
The recognition reinforces confidence in PSU banking space, where renewed investor interest is visible. Canara Bank, Bank of Baroda, and Union Bank also exhibit strong technical setups.
2. Metal & Power:
Tata Power and NTPC remain strong contenders for short-term rallies as the energy sector witnesses rotational buying.
- Tata Power (CMP ₹398.65):
Buy 410 CE @ ₹6.05, SL ₹4.50, Target ₹8–10.
Stock holds immediate support near ₹395; a breakout above ₹405 can push it towards ₹420–425 levels.
3. Realty & Infra:
Real estate counters like DLF, Godrej Properties, and Suraj Estate (CMP ₹302) are showing technical strength. The latter is near a trendline breakout, with huge volume spurt indicating potential breakout momentum.
Trigger zone: ₹315–₹320; a sustained move above this may unlock 10–12% upside in the near term.
4. FMCG & Consumption:
Mild profit booking was seen in FMCG majors after the recent rally, but broader sentiment remains neutral. Traders should watch HUL and ITC near key supports for potential reversals.
5. Auto & Ancillaries:
Auto sector remains in consolidation mode post strong Q2 numbers. Two-wheeler stocks are expected to outperform heading into the festive season.
🔥 Stocks to Keep on Radar (Technical Picks)
1. Suraj Estate Developers Ltd (CMP ₹302)
- Setup: Near trendline breakout
- Volume: Increasing sharply
- Key Levels:
- Buy zone: Above ₹315
- Targets: ₹335 / ₹345
- Stop Loss: ₹295
View: Strong short-term breakout candidate; momentum traders can watch for a close above ₹320 for confirmation.
2. Butterfly Gandhimathi Appliances (CMP ₹716)
- Setup: Approaching major trendline breakout
- Support: ₹675–₹680
- Targets: ₹760 / ₹785 / ₹800
- View: Improving technical structure and accumulation visible on daily charts. Ideal for short-term swing traders.
3. Tata Power (CMP ₹398.65)
- Option Strategy: Buy 410 CE @ ₹6.05, SL ₹4.50, Target ₹8–₹10
- Cash View: Stock likely to move towards ₹415–₹420; short-term structure remains bullish above ₹395.
📈 Option Writers’ Playbook: Key OI Data
- Nifty OI concentration: 25,700 PE and 26,000 CE
- Bank Nifty OI concentration: 58,000 PE and 59,000 CE
- Sentiment bias: Mildly bullish to range-bound
- Trigger Zone: If Nifty closes above 26,050, expect sharp short covering.
Trailing stop for long positions in Nifty: 25,715 spot close basis.
💡 Expert Technical View
From a time-price analysis, markets are respecting cyclical behavior patterns. As discussed earlier, the 11:15 AM time window on Monday (27th Oct) remains an important pivot for this leg of correction. If the market holds its structure till 30th Oct (2:00 PM) without breaking 25,530, a medium-term uptrend is likely to continue toward 26,500–26,600.
Failure to sustain could extend consolidation, but as of now, broader market breadth favors dips being bought.
🌍 Summary of Global & Commodity Cues
- Crude Oil: Brent steady around $83.90
- Gold: Slightly firm near $2,365/oz
- Dollar Index: 105.3 (mildly lower)
- US 10Y Yield: 4.27% (steady)
- Asian Markets: Mixed to positive tone
The global backdrop supports India’s relative strength, with FII flows turning neutral after consistent selling earlier this month.
🧭 Outlook for the Day
The market is likely to start flat-to-positive with early resistance near 26,050 and support near 25,850.
- Traders should adopt a buy-on-dip approach until the 25,715 level is protected.
- PSU Banks, Power, and select Realty names are expected to outperform.
For expiry traders, keep an eye on volatility spikes around mid-session and position sizing carefully.
🚀 Quick Recap of Stock Radar for 29th Oct 2025
| Stock | CMP | Strategy | Targets | Stop Loss |
|---|---|---|---|---|
| Suraj Estate | ₹302 | Buy above ₹315 | ₹335–₹345 | ₹295 |
| Butterfly Gandhimathi | ₹719 | Buy near ₹720 | ₹760–₹800 | ₹675 |
| Tata Power | ₹401 | Buy 410 CE @ ₹6.55 | ₹8–₹10 | ₹4.50 |
| Bank Nifty | 58,214 | Range-bound | 57,800–59,000 | — |
✅ Final Note:
Despite short-term choppiness, India’s equity markets continue to display strong resilience supported by domestic liquidity, stable earnings, and improving sentiment. Traders should keep a stock-specific focus, adhere to stop losses, and monitor FII activity closely during expiry week.
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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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