Stock Market Technical Analysis | 27th Oct to 2nd Nov 2025 Weekly Wrap
03 Nov 2025
Stock Market Technical Analysis
Markets witnessed a tug-of-war between bulls and bears last week as volatility gripped benchmark indices. While Nifty slipped marginally, banking and midcap segments showed resilience—setting the tone for an interesting start to the new month.
Expert recommendation by:
- Mr. Ketan Kaushik - Derivative Analyst
Equity
- Benchmark Index traded volatile in the previous week before closing with 0.28% cut at 25722 level. Banking Index outperformed the benchmark index as it closed with 0.13% gain at 57736 level.
- Among the Nifty constituents, SBILIFE and JSWSTEEL outperformed the benchmark index as they closed with 6.30% and 5.96% gains while DRREDDY and CIPLA underperformed as they closed with 6.70% and 5.24% cut respectively. Among the Bank Nifty constituents CANBK outperformed the benchmark index as it closed with 8.98% gain while KOTAKBANK underperformed as it closed with 3.88% cut.
- Among sectors, NIFTYPSUBANK index outperformed the benchmark index during the previous week as it is closed with 4.69% gain while NIFTYAUTO index underperformed as it closed with 1.10% cut. Broader market outperformed the benchmark index as both MIDCAP index and SMALLCAP index closed with 1.00% and 0.70% gains respectively.
- Volatility index (India VIX) closed with 4.74% gain at 12.15 level.
- FII were net sellers as they sold stocks worth Rs 2103Cr while DII were net buyers as they bought stocks worth Rs 18,804Cr during the previous week in the cash segment
- Globally, equity markets traded mixed as US market (DJIA) closed with 0.75% gain while European markets (STOXX 600) closed with 0.67% cut.
Derivatives
- Derivatives data for Nifty suggest max OI addition at 25800 call and 25000 put with max OI at 27000 call and 25000 put side (04th Nov expiry). Nifty cumulative PCR closed at 0.64 for Oct 31.
- Derivatives data for Bank-nifty suggest max OI addition at 60500 call and 56000 put with max OI at 57000 call and 58000 put side (25th Nov expiry). Bank-nifty cumulative PCR closed at 0.91 for Oct 31.
💡 Want to understand how derivatives drive these market swings?
Master the basics here.
Performance:
Indices
| INDEX | Close | Weekly %Change |
|---|---|---|
| NIFTY 50 | 25722.1 | -0.28 |
| BANK NIFTY | 57776.35 | 0.13 |
| FINNIFTY | 27138.85 | -0.94 |
| NIFTYNEXT50 | 69824.75 | 0.68 |
| MIDCAP SELECT | 13467.85 | 2.30 |
| SENSEX | 83938.71 | -0.32 |
| VIX | 12.15 | 4.74 |
Source: NSE
Sector Gainers/Losers
| INDEX | Close | Weekly %Change |
|---|---|---|
| NIFTY AUTO | 26809.85 | -1.10 |
| NIFTY FMCG | 56208.5 | -0.25 |
| NIFTY IT | 35712.35 | -0.76 |
| NFTY METAL | 10612.15 | 2.56 |
| NIFTYPHARM | 22175.4 | -0.81 |
| NIFTY PSE | 10062.95 | 1.56 |
| NIFTYPSUBA | 8184.35 | 4.69 |
| NIFTYPVTBA | 28050.65 | -1.00 |
| NIFTY REALTY | 947.55 | 0.71 |
| NIFTY MEDIA | 1538.35 | -0.11 |
| NIFTY IND DEFENCE | 8135.2 | -0.58 |
| NIFTYMIDCA | 59825.9 | 1.00 |
| NIFTYSMLC | 18380.8 | 0.70 |
Source: NSE
FII / DII ACTIVITY (WEEKLY)
| INDEX | Rs IN CR |
|---|---|
| FII | -2103 |
| DII | 18804 |
Source: NSE
SUPPORT/RESISTANCE LEVEL FOR UPCOMING WEEK
| INDEX | BIAS | S2 | S1 | CLOSE | R1 | R2 |
|---|---|---|---|---|---|---|
| NIFTY | NEGATIVE | 25200 | 25400 | 25722.1 | 26000 | 26200 |
| BANK NIFTY | NEGATIVE | 56500 | 57000 | 57776.35 | 58500 | 59000 |
| FINNIFTY | NEGATIVE | 26600 | 26800 | 27138.85 | 27500 | 27700 |
Source: NSE
DAILY EXPONENTIAL MOVING AVERAGE
| INDEX | CLOSE | 9 DAYS | 21 DAYS | 50 DAYS | 100 DAYS | 200 DAYS |
|---|---|---|---|---|---|---|
| NIFTY | 25722.1 | 25803 | 25578 | 25284 | 25015 | 24613 |
| BANK NIFTY | 57776.35 | 57857 | 57207 | 56371 | 55689 | 54439 |
| FINNIFTY | 27138.85 | 27349 | 27132 | 26802 | 26480 | 25773 |
Source: NSE
TECHNICAL OUTLOOK
NIFTY (WEEKLY)
- Benchmark index traded volatile in the previous week and closed with shooting star candlestick pattern on the weekly chart
- Benchmark index is likely to trade with negative bias in the coming truncated week
- Benchmark Index has support at 25,400 – 25,200 level and resistance at 26,000 – 26,200 level
BANKNIFTY (WEEKLY)
- Banking index outperformed the benchmark index and closed with shooting star candlestick pattern on the weekly chart
- Banking index is likely to perform in line with the benchmark index in the coming week
- Banking index has support at 57,000-56,500 and resistance at 58,500 -59,000 level
FINNIFTY (WEEKLY)
- FINNIFTY index underperformed the banking index and closed with bearish candlestick formation on the weekly chart
- FINNIFTY is likely to trade in line with the banking index in the coming week
- FINNIFTY has support at 26,800-26,600 level and resistance at 27,500-27,700 level.
Turn insights into action — invest in Index ETFs and Derivatives now.
Open your MNCL Demat Account today!
Disclaimer: - Investments in securities market are subject to market risk, read all the related document carefully before investing. https://www.mnclgroup.com/research-disclaimer
