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Nifty 50 technical analysis with key support and resistance levels - October 29, 2025
📈 MARKET CLOSED - STRONG GAINS
Daily Performance: The Nifty 50 index closed at 26,053.90, gaining 117.70 points (+0.45%) in today's trading session. The market witnessed strong buying interest in power and infrastructure stocks, with positive market breadth supporting the upward move.
Closing
26,053.90
Change
+117.70 (+0.45%)
Open
25,982.00
Prev. Close
25,936.20
📊 Market Statistics & Key Levels
Trading Session Details
| Metric | Value | Observation |
|---|---|---|
| Volume (Lakhs) | 3,218.81 | Healthy participation |
| Value (Crores) | 26,309.16 | Strong institutional flow |
| FFM. Cap (Lakhs Cr) | 118.72 | Market cap expansion |
| Advance/Decline | 36/14 | Positive breadth |
| P/E Ratio | 22.82 | Reasonable valuation |
| P/B Ratio | 3.55 | Premium valuation |
💡 Technical Perspective
The Nifty successfully crossed the 26,000 resistance level and closed above it, indicating strong bullish momentum. The index is now eyeing the next resistance zone around 26,200-26,300. Immediate support is placed at 25,950-26,000 levels.
Top 5 Gainers
| Symbol | LTP (₹) | Change (₹) | % Change | Volume (Lakhs) |
|---|---|---|---|---|
| NTPC | 349.00 | +9.85 | +2.90% | 154.23 |
| ADANIPORTS | 1,456.00 | +38.10 | +2.69% | 35.79 |
| ONGC | 257.09 | +6.55 | +2.61% | 88.06 |
| POWERGRID | 295.25 | +7.00 | +2.43% | 146.09 |
| JSWSTEEL | 1,212.60 | +28.40 | +2.40% | 38.20 |
Top 5 Losers
| Symbol | LTP (₹) | Change (₹) | % Change | Volume (Lakhs) |
|---|---|---|---|---|
| DRREDDY | 1,258.40 | -31.00 | -2.40% | 25.75 |
| COALINDIA | 382.95 | -8.45 | -2.16% | 268.57 |
| BEL | 407.60 | -5.95 | -1.44% | 144.99 |
| ETERNAL | 330.65 | -3.95 | -1.18% | 196.79 |
| M&M | 3,539.50 | -39.60 | -1.11% | 25.26 |
Nifty Returns Analysis
| Period | Return | Performance |
|---|---|---|
| 1 Week | +0.72% | Positive |
| 1 Month | +5.76% | Strong |
| 3 Months | +4.97% | Healthy |
| 6 Months | +7.06% | Consistent |
| YTD | +9.73% | Robust |
| 1 Year | +6.49% | Moderate |
| 3 Years | +46.48% | Excellent |
| 5 Years | +123.24% | Outstanding |
🧾 Market Analysis & Sector Performance
Key Market Observations
Power & Infrastructure Dominance: Power sector stocks led the rally with NTPC gaining 2.90% and Power Grid Corporation rising 2.43%. The infrastructure theme remained strong with Adani Ports advancing 2.69%.
Energy Sector Recovery: ONGC rebounded strongly with a 2.61% gain, showing recovery in the energy sector after recent weakness.
Pharma Sector Pressure: Dr. Reddy's emerged as the top loser, declining 2.40%, reflecting continued pressure in the pharmaceutical sector.
Auto Sector Mixed: M&M declined 1.11% while other auto stocks showed mixed performance amid sector rotation.
Market Breadth & Sentiment
The market breadth was strongly positive with 36 advances against only 14 declines, indicating broad-based buying interest. The advance-decline ratio of approximately 2.6:1 reflects strong underlying market strength.
Volume Analysis
Coal India recorded the highest trading volume among Nifty stocks with 268.57 lakh shares, despite being among the losers. NTPC and Power Grid saw healthy volumes of 154.23 lakh and 146.09 lakh shares respectively, indicating strong institutional interest in power sector stocks.
📈 Sector-wise Performance Insight
Power: Outperformed with strong gains in NTPC and Power Grid
Infrastructure: Adani Ports led the infrastructure pack
Energy: ONGC showed strong recovery
Pharma: Continued weakness with Dr. Reddy's declining
Auto: Mixed performance with M&M under pressure
Market Outlook & Trading Strategy
For Day Traders
Trade with positive bias above 26,000 level. Focus on power and infrastructure stocks showing momentum.
For Positional Traders
Hold long positions with trailing stop losses. Consider profit booking near 26,200-26,300 resistance.
For Investors
Continue systematic investment in quality stocks. Focus on sectors with strong earnings visibility.
⚠️ Important Levels to Watch
Immediate resistance: 26,100-26,200 | Strong resistance: 26,300-26,400
Immediate support: 25,950-26,000 | Strong support: 25,800-25,850
Overall Market View: The Nifty has successfully broken above the 26,000 resistance with strong breadth and sector participation. The undertone remains bullish with the index showing strength across timeframes. The next target is seen around 26,200-26,300 zone. Stock-specific movement is expected to continue with focus on quarterly earnings and global cues.
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