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Nifty 50 technical analysis with key support and resistance levels - October 28, 2025
📉 MARKET CLOSED - MILD CORRECTION
Daily Performance: The Nifty 50 index closed at 25,936.20, declining 29.85 points (-0.11%) in today's trading session. The market witnessed a mild correction after yesterday's gains, with metal stocks leading the gains while financial services stocks faced pressure.
Closing
25,936.20
Change
-29.85 (-0.11%)
Day High
26,041.70
Day Low
25,810.05
📊 Market Statistics & Key Levels
Trading Session Details
| Metric | Value | Observation |
|---|---|---|
| Opening | 25,939.95 | Flat opening |
| High | 26,041.70 | Resistance at 26,000 level |
| Low | 25,810.05 | Support at 25,800 level |
| Trading Range | 231.65 points | Moderate volatility |
💡 Technical Perspective
The Nifty faced resistance near the 26,000-26,050 zone and found support around 25,800. The index continues to trade in a consolidation phase after the recent rally. Immediate resistance is placed at 26,000-26,100, while support is seen at 25,800-25,850 levels.
Top 5 Gainers
| Symbol | LTP (₹) | Change (₹) | % Change | Volume (lakh) |
|---|---|---|---|---|
| TATASTEEL | 181.65 | +4.99 | +2.82% | 595.12 |
| JSWSTEEL | 1,183.00 | +32.40 | +2.82% | 34.51 |
| SBILIFE | 1,934.00 | +30.90 | +1.62% | 21.67 |
| LT | 3,981.60 | +57.80 | +1.47% | 33.92 |
| HDFCLIFE | 747.00 | +9.75 | +1.32% | - |
Top 5 Losers
| Symbol | LTP (₹) | Change (₹) | % Change | Volume (lakh) |
|---|---|---|---|---|
| BAJAJFINSV | 2,138.10 | -32.10 | -1.48% | 12.01 |
| TRENT | 4,733.00 | -65.70 | -1.37% | 6.17 |
| COALINDIA | 391.50 | -5.20 | -1.31% | 76.72 |
| TECHM | 1,446.30 | -16.50 | -1.13% | 14.33 |
| ONGC | 250.49 | -2.78 | -1.10% | - |
🧾 Market Analysis & Sector Performance
Key Market Observations
Metal Stocks Shine: Metal stocks were the standout performers today, with Tata Steel and JSW Steel both gaining 2.82%. The metal sector benefited from improved global demand outlook and stable commodity prices.
Financial Services Pressure: Bajaj Finserv emerged as the top loser, declining 1.48%. The financial services sector faced mild profit-booking after recent gains.
Insurance Sector Mixed: While SBI Life and HDFC Life featured in the gainers list, the overall insurance sector showed selective buying interest.
IT Sector Weakness: Tech Mahindra declined 1.13%, reflecting continued pressure in the IT sector amid global uncertainty.
Trading Volume Analysis
Tata Steel recorded the highest trading volume among gainers with 595.12 lakh shares, indicating strong institutional interest. Coal India also saw significant volume of 76.72 lakh shares despite being among the losers.
Market Breadth & Sentiment
The market breadth was neutral to slightly negative, with 22 out of 50 Nifty stocks closing in the green. The advance-decline ratio stood at approximately 1:1.3, indicating selective profit-taking rather than broad-based selling.
📈 Sector-wise Performance Insight
Metals: Outperformed with strong gains in Tata Steel and JSW Steel
Financial Services: Mixed with insurance stocks gaining while Bajaj Finserv declined
IT: Continued weakness amid global uncertainty
Energy: ONGC declined amid volatile crude prices
Market Outlook & Trading Strategy
For Day Traders
Trade the range between 25,800-26,050 with strict stop losses. Focus on metal stocks showing relative strength.
For Positional Traders
Accumulate quality stocks on dips towards 25,800 support. Maintain trailing stop losses for existing positions.
For Investors
Use consolidation phases to add fundamentally strong stocks. Focus on sectors with positive earnings outlook.
⚠️ Important Levels to Watch
Immediate resistance: 26,000-26,050 | Strong resistance: 26,100-26,200
Immediate support: 25,800-25,850 | Strong support: 25,700-25,750
Overall Market View: The Nifty is consolidating in a range after the recent upmove. The undertone remains cautiously optimistic as long as the index holds above 25,800. Stock-specific movement is expected to continue with focus on quarterly earnings and global cues.
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