Top 15 things to know before the opening bells

By Admin

28 Oct, 2025

As the market gears up for another trading session, investors are closely monitoring key levels on the Nifty 50 and Bank Nifty indices. After a brief phase of profit booking, the Nifty 50 rebounded sharply by 171 points on October 27, ahead of the expiry of monthly F&O contracts on October 28. Despite Friday’s correction, the broader uptrend remains intact, with moving averages trending northward and momentum indicators showing strength.

The index reclaimed the 26,000 mark intraday but couldn’t sustain above it. Experts believe that if the Nifty manages to stay above this crucial level, 26,100 will be the next key level to watch, followed by the record high of 26,277. On the downside, immediate support is placed at 25,900, followed by 25,800 (around Monday’s low).

Here are 15 important data points to help you make informed trading decisions before the markets open:

1) Key Levels for the Nifty 50 (25,966)

Resistance (Pivot Points): 26,001, 26,044, and 26,112
Support (Pivot Points): 25,865, 25,822, and 25,754

Special Formation:
The Nifty 50 formed a bullish candle with a minor upper shadow on the daily chart  a sign of strength even amid mild profit-taking at the 26,000 level. The index continues to trade above all major moving averages, which remain on an upward trajectory.

The RSI inched up to 71.49, confirming strong momentum, while the MACD maintained its bullish bias, staying above the zero line. Together, these technical indicators reflect sustained strength in market sentiment and point to a potential continuation of the uptrend.

2) Key Levels for the Bank Nifty (58,114)

Resistance (Pivot Points): 58,216, 58,351, and 58,569
Support (Pivot Points): 57,779, 57,644, and 57,425

Resistance (Fibonacci Retracement): 58,739, 60,148
Support (Fibonacci Retracement): 57,383, 56,652

Special Formation:
The Bank Nifty also displayed a bullish candle with minor upper and lower shadows, indicating continued optimism amid mild volatility. The index gained 415 points, supported by rising short- and medium-term averages.

The RSI, at 72.11, stayed in bullish territory after avoiding a potential breakdown. The MACD remains positive, while the Stochastic RSI shows a slight negative crossover, hinting at possible short-term consolidation. Overall, the indicators suggest underlying strength with chances of mild near-term volatility.

3) Market Sentiment Remains Bullish

Despite fluctuations, broader market indicators continue to support an upward bias. The positive formations in both Nifty and Bank Nifty charts suggest resilience in market sentiment.

4) Momentum Indicators Stay Positive

Both indices maintain healthy RSI and MACD readings, which strengthen the bullish outlook. Traders should watch for any divergences that could hint at temporary pullbacks.

5) Key Moving Averages Point Northward

The Nifty remains well above its 20-day, 50-day, and 200-day moving averages, reaffirming the long-term bullish structure.

6) F&O Expiry Could Add Volatility

As the monthly derivative contracts expire, expect heightened intraday swings as traders roll over positions.

7) Sectoral Watch

Banking, IT, and FMCG sectors may lead the action, given their strong technical setups and consistent institutional buying.

8) Global Cues to Influence Sentiment

Overnight trends from the U.S. and Asian markets could set the tone for the day’s opening momentum in Indian indices.

9) Foreign Institutional Investors (FIIs) Activity

Tracking FII inflows or outflows will be key, as sustained buying from FIIs often supports higher index levels.

10) Domestic Institutional Investors (DIIs) Strategy

DIIs have been selectively booking profits, but their continued support in select sectors has cushioned market declines.

11) Corporate Earnings Season

Ongoing quarterly results could drive stock-specific movements, particularly in banking and manufacturing counters.

12) Crude Oil & Currency Movements

Any volatility in crude oil prices or INR fluctuations could influence investor sentiment and market stability.

13) Volatility Index (VIX) Levels

A low VIX continues to indicate market stability, but traders should stay alert for sudden spikes ahead of expiry.

14) Stock-Specific Opportunities

Traders may look for breakout opportunities in stocks showing relative strength and positive price-volume patterns.

15) Strategy Ahead

Experts recommend buying on dips as long as Nifty sustains above 25,800. A decisive move above 26,100 could trigger a rally towards the record high of 26,277 in the near term.

In summary:
The overall market structure remains bullish, supported by strong technical indicators and sustained investor confidence. Traders should keep an eye on key resistance and support zones while being cautious of short-term volatility around F&O expiry.