Technical Analysis for 31st Oct 2025
Nifty, Bank Nifty & Sensex Predictions
Indian equity markets experienced significant selling pressure on Thursday, October 30, 2025, with all three major indices closing in negative territory. The Nifty 50 ended at 25,877.85, down 176.05 points or 0.68%, while Bank Nifty closed at 58,031.1, declining 354.15 points or 0.61%. The BSE Sensex settled at 84,404.46 points, falling approximately 592 points or 0.70% from the previous session. Market sentiment turned cautious following the US Federal Reserve's interest rate cut of 25 basis points, particularly after Fed Chair Jerome Powell indicated that a December rate reduction was "far from a foregone conclusion". This technical analysis provides comprehensive predictions for Friday's trading session, October 31, 2025, with detailed support and resistance levels across all three major indices.
Key Observations of Today's Market Closing
Thursday's trading session witnessed persistent selling pressure across all sectors, with the market opening on a negative note and maintaining a downward trajectory throughout the day. The GIFT Nifty traded at approximately 26,167.5 in early hours, indicating a gap-down opening, which materialized as anticipated. The day's price action was characterized by lower highs formation, with each successive high failing to break through previous levels, signaling weak momentum.
The Nifty 50 opened at 25,984.40 and reached an intraday high of 26,032.05 before sliding to a low near 25,850 levels. The index formed a bearish candle pattern with a lower close, indicating seller dominance. Similarly, Bank Nifty opened at 58,152.05, touched an intraday high of 58,331.20, and eventually settled near 58,048.05, marking its second consecutive session of underperformance. The Sensex showed a similar trajectory, opening around 84,750 and declining steadily to close at 84,457.
Sectoral performance revealed broad-based weakness, with Banking, Financial Services, and Insurance (BFSI) stocks, IT, and FMCG sectors leading the decline. However, selective strength was observed in PSU banks and certain metal stocks. The India VIX rose marginally by 0.17% to 11.97, suggesting a slight uptick in market volatility expectations for the near term.
Support & Resistance Levels
Nifty 50 Key Levels
Resistance Levels:
- Primary Resistance: 25,970 – This level has acted as a strong barrier, with the index rejecting twice during Thursday's session. A decisive breakout above this level could trigger bullish momentum.
- Second Resistance: 26,000 – Psychological round number acting as an immediate hurdle.
- Third Resistance: 26,040 – Further upside target if momentum sustains.
- Fourth Resistance: 26,075 – Extended resistance zone for intraday traders.
Support Levels:
- Primary Support: 25,790 – Critical support zone that must hold for maintaining bullish structure. The index is expected to attempt sustaining above this level.
- Second Support: 25,755 – Intermediate support if primary level breaks.
- Third Support: 25,720 – Strong demand zone aligning with recent breakout area.
- Fourth Support: 25,685 – Extended downside target if selling intensifies.
Bank Nifty Key Levels
Resistance Levels:
- Primary Resistance: 58,330 – Major resistance that has consistently rejected upward moves. A breakout could open doors for further rallies.
- Second Resistance: 58,400 – Immediate next target post breakout.
- Third Resistance: 58,470 – Mid-range resistance for continuation.
- Fourth Resistance: 58,550 – Extended upside target zone.
Support Levels:
- Primary Support: 57,890 – Critical support zone where buyers are expected to defend. The index should remain comfortable above this level.
- Second Support: 57,820-57,790 – 30-point zone acting as first support band if primary breaks.
- Third Support: 57,720 – Intermediate support level.
- Fourth Support: 57,650 – Extended downside target if bearish momentum continues.
Sensex Key Levels
Resistance Levels:
- Primary Resistance: 84,720 – Major resistance tested twice on Thursday without success. Breakout needed for positive momentum.
- Second Resistance: 84,815 – Immediate upside target.
- Third Resistance: 84,950 – Mid-range resistance zone.
- Fourth Resistance: 85,050 – Extended bullish target.
Support Levels:
- Primary Support: 84,210 – Critical support that must hold to prevent further weakness.
- Second Support: 84,080 – Intermediate support zone.
- Third Support: 83,950 – Strong demand area.
- Fourth Support: 83,855 – Extended downside level if selling pressure mounts.
Nifty Predictions – Technical Analysis for Tomorrow
For Friday's trading session on October 31, 2025, the Nifty 50 is expected to witness cautious trading with a potential flat to mildly negative opening. The GIFT Nifty levels around the 26,000 psychological mark will be crucial to watch in pre-market hours. If GIFT Nifty sustains above 26,000, a flat opening is likely; however, a breakdown below this level could trigger a gap-down start.
Trading Strategy
The index is likely to remain range-bound between 25,790 on the downside and 25,970 on the upside initially. As long as Nifty maintains above the 25,790-25,800 support zone, the market structure remains intact with buying interest expected at lower levels. Traders should watch for any attempts to approach the 25,970 resistance level, where rejection chances remain high given Thursday's double rejection at this zone.
A successful breach above 25,970 would open possibilities for targets at 26,000, 26,040, and potentially 26,075 levels, indicating a shift in momentum toward call options. Conversely, if the index breaks below 25,790, immediate downside targets emerge at 25,755, 25,720, and 25,685, favoring put option strategies.
Technical Indicators
The Relative Strength Index (RSI) is positioned in neutral territory, suggesting scope for movement in either direction. The index continues to trade above all major Exponential Moving Averages (20, 50, 100, and 200 EMA) on daily charts, maintaining the broader bullish structure despite short-term consolidation. The Stochastic oscillator has entered the overbought zone after a sharp 1,500-point rally over the past four weeks, indicating the likelihood of short-term consolidation at higher levels.
Market Outlook
The overall bias for Friday remains sideways to cautiously positive as long as the 25,900-26,000 support zone holds. Any dips toward the 25,790-25,820 range should be viewed as buying opportunities for positional traders, given the strong support base in this zone. However, traders should remain alert to global cues, particularly any developments from the US-China trade discussions and commentary following the Fed's rate decision.
Bank Nifty Predictions – Technical Analysis
Bank Nifty is positioned for a crucial trading session on October 31, 2025, as it approaches the monthly expiry. The index closed Thursday at 58,031, holding above key Exponential Moving Averages but facing resistance at the 58,330-58,400 zone.
Trading Strategy
The immediate focus will be on the 57,890 support level, which represents a significant support zone. As long as Bank Nifty trades above this level, the market outlook remains relatively stable, and buyers are expected to defend this zone aggressively. If the index approaches this level, watch for potential bounce-back or spike in buying interest.
A breakdown below 57,890 could trigger profit booking and fresh short positions, with immediate downside targets at 57,820-57,790 (a 30-point support band), 57,720, and 57,650 levels. Such a move would favor put option writers and bearish strategies for the day.
On the upside, the 58,330 resistance has proven to be formidable, with the index attempting to breach this level twice on Thursday without success. If Bank Nifty manages to break and sustain above 58,330, it could trigger short-covering rallies toward 58,400, 58,470, and 58,550 levels, making call options attractive.
Technical Indicators
The Relative Strength Index (RSI) for Bank Nifty stood at 74.19 on Wednesday, indicating overbought conditions but still showing scope for limited upside movement. The index remains comfortably positioned above all key EMAs (20, 50, 100, and 200) on both intraday and daily timeframes, confirming the underlying strength despite short-term resistance.
Option chain data reveals significant Put Open Interest (OI) buildup at the 58,000 strike, which will act as strong support, while Call OI concentration is visible around 58,500, marking near-term resistance. The Bank Nifty Put-Call Ratio (PCR) has increased to 1.08, suggesting cautious optimism among option traders.
Market Outlook
The overall outlook for Bank Nifty on Friday is consolidation with a positive bias. The index is expected to trade within the 57,890-58,330 range, with any breakout on either side determining the directional move. Given the monthly expiry dynamics, volatility could increase during the latter half of the trading session. Traders should remain vigilant around the 58,100-58,000 zone, which will act as crucial support on the downside.
Sensex Predictions – Technical Analysis
The BSE Sensex closed Thursday's session at 84,404 , marking a decline of approximately 590 points or 0.64% from the previous close of 84,997. For Friday's trading on October 31, 2025, the index is expected to mirror the cautious sentiment observed across Nifty and Bank Nifty.
Trading Strategy
The 84,720 resistance level remains the critical barrier for the Sensex, having rejected upward moves twice during Thursday's session. As long as this level holds, the index is likely to remain trapped in a range-bound pattern, oscillating between support and resistance zones. Traders should remain in an alert position if the index approaches the 84,210 support level, though no immediate action should be taken unless this level breaks.
A decisive breakout above 84,720 would signal positive momentum, potentially triggering targets at 84,815, 84,950, and 85,050, favoring call option strategies and long positions. Such a move would require sustained buying pressure and supportive global cues.
Conversely, a breakdown below the 84,210 support would indicate market weakness, with immediate downside targets at 84,080, 83,950, and 83,855 levels. This scenario would favor put option positions and defensive trading strategies.
Technical Indicators
The Sensex has formed a bearish candle pattern on the daily chart with lower highs, indicating seller dominance in the near term. However, the index remains above its key moving averages, suggesting that the broader uptrend is still intact despite short-term weakness.
Volume analysis indicates moderate participation during Thursday's decline, suggesting that the selling pressure is not panic-driven but rather cautious profit-booking ahead of the monthly derivatives expiry. The sector rotation continues, with defensive sectors like FMCG and Pharma showing relative strength compared to cyclical sectors.
Market Outlook
For Friday, the Sensex is expected to trade with a neutral to slightly negative bias, with the 84,210-84,720 range likely to contain most of the price action. Any move toward the lower end of this range should be monitored closely, as a breach could accelerate selling pressure. Conversely, a move toward 84,720 with strong volumes could set the stage for a breakout attempt, especially if global markets provide positive cues.
Investors should pay attention to sectoral performance, as stock-specific action could drive index movements on the monthly expiry day. Banking, IT, and auto stocks will be key drivers given their heavyweight representation in the index.
Tomorrow's Market Prediction (October 31, 2025)
Based on comprehensive technical analysis and prevailing market conditions, Friday, October 31, 2025, is expected to witness cautious and range-bound trading across all three major indices. The market is likely to open with a flat to mildly negative gap, influenced by weak GIFT Nifty signals and mixed global cues following the US Fed's rate decision.
Opening Expectation
GIFT Nifty, trading around the 26,000 psychological level, will be the key determinant for the opening. A sustained position above 26,000 could result in a flat opening, while a breakdown could trigger a gap-down start of 50-80 points on Nifty. Bank Nifty and Sensex are expected to follow similar patterns, with initial volatility likely during the first 30 minutes of trading.
Intraday Outlook
The market is expected to trade in defined ranges:
- Nifty 50: 25,790 - 25,970
- Bank Nifty: 57,890 - 58,330
- Sensex: 84,210 - 84,720
Traders should adopt a range-bound trading strategy, buying near support levels and booking profits near resistance zones. Breakouts on either side of these ranges will determine the directional trend for the remainder of the session.
Key Factors to Watch
Several factors will influence Friday's market movement:
- Global Cues: Any developments from the Trump-Xi Jinping meeting regarding the US-China trade deal could significantly impact market sentiment.
- GIFT Nifty Movement: Pre-market GIFT Nifty levels will provide crucial insights into likely opening scenarios.
- Derivatives Expiry: October monthly expiry for futures and options will add volatility, particularly in the second half of trading.
- FII Activity: Foreign Institutional Investors turned net sellers on Wednesday to the tune of Rs 2,540.16 crore, while DIIs continued their buying spree with Rs 5,692.81 crore in purchases. This divergence will be crucial to monitor.
- Sectoral Rotation: Continued sectoral performance, particularly in banking, IT, and metal stocks, will drive index movements.
Trading Recommendation
For risk-averse traders, it is advisable to avoid aggressive positions and focus on hedged strategies given the range-bound expectation and monthly expiry dynamics. Momentum traders should wait for clear breakout or breakdown signals before initiating fresh positions.
For positional traders, any dips toward support levels (Nifty 25,790, Bank Nifty 57,890, Sensex 84,210) can be considered as buying opportunities with strict stop losses, as these levels align with recent breakout zones and provide favorable risk-reward setups.
Option traders should focus on selling strategies (strangles or iron condors) given the expected range-bound movement, while keeping an eye on Put-Call Ratios for sentiment shifts.
Final Verdict
The technical setup for October 31, 2025, suggests a day of consolidation and cautious trading across Indian equity markets. While the broader trend remains positive with indices trading above key moving averages, short-term consolidation appears healthy after the sharp 1,500-point rally in Nifty over the past four weeks.
The support zones at Nifty 25,790, Bank Nifty 57,890, and Sensex 84,210 are expected to act as strong demand areas, while resistance at Nifty 25,970, Bank Nifty 58,330, and Sensex 84,720 will cap upside attempts unless broken with conviction.
Market participants should remain disciplined in their approach, focusing on risk management and avoiding overleveraged positions on the monthly expiry day. The key to successful trading on Friday will be patience, waiting for the market to establish its direction before committing to aggressive positions.
Overall market sentiment remains cautiously optimistic for the medium term, with any dips viewed as accumulation opportunities by institutional investors. However, global developments, particularly US-China trade negotiations and Fed policy trajectory, will continue to influence short-term volatility.
Disclaimer
This analysis is for educational purposes only and should not be construed as investment advice. Trading and investing in stock markets involve substantial risk of loss. Past performance is not indicative of future results. Readers are strongly advised to conduct their own research and consult with a qualified financial advisor before making any investment decisions. The support and resistance levels mentioned are based on technical analysis and may change based on market conditions. Always use appropriate risk management strategies and never invest more than you can afford to lose.