Inventory market suggestions: Based on Bajaj Broking Analysis, the highest inventory picks for October 31, 2025 are NBCC, and Sagility. Right here's its view on Nifty and Financial institution Nifty:Index View: NIFTYBenchmark indices remained range-bound final week, following a sturdy bullish rally within the previous periods. International traders stayed on the sidelines, monitoring developments on US–China and US–India commerce negotiations. The US Federal Reserve, in its newest FOMC coverage assembly, delivered a second consecutive fee lower, bringing the federal funds fee down to three.75–4.00%, marking the bottom degree in three years. Nevertheless, Chair Jerome Powell's impartial stance on the long run financial coverage trajectory prompted profit-taking at greater ranges on Thursday, resulting in gentle consolidation throughout key indices.Over the previous six buying and selling periods, the Nifty has exhibited a sideways consolidation sample, transferring inside a well-defined vary of 25,700–26,100, broadly consistent with expectations following the latest rally. This section of time-wise correction means that the market is at present in a pause mode, digesting prior beneficial properties earlier than the subsequent directional transfer.From a technical perspective, sustained commerce above the higher band of 26,100 might act as a set off for bullish momentum, doubtlessly propelling the index in the direction of its earlier all-time excessive of 26,277. A decisive breakout past this degree might open the door for an additional upside in the direction of 26,500 within the close to time period, supported by bettering market breadth and constructive sectoral rotationThe broader market trajectory continues to exhibit a bullish bias, reaffirming that the first uptrend stays firmly in place. The continued section of consolidation is finest interpreted as a wholesome retracement and time correction following a pointy 1,500-point up transfer over the previous 4 weeks.This constructive consolidation supplies market individuals with an opportune window to provoke contemporary lengthy positions and accumulate high-quality, essentially sound counters via a staggered accumulation technique, thereby optimizing entry ranges. In essence, the market seems to be present process a technical breather inside an ongoing bullish construction, setting the stage for the subsequent leg of the upward momentum as soon as the consolidation base is firmly established.Robust assist is seen round 25,700–25,500, which is prone to maintain as it's the confluence of the latest breakout zone. The 20 days EMA can be positioned round 25580 and the 38.2% retracement of the earlier up transfer (24587-26104)NIFTY BANKFinancial institution Nifty continues to keep up a bullish construction on the day by day and weekly chart, forming a sequence of upper highs and better lows in all time frames.Going forward, a decisive transfer above final week's excessive of 58,577 would affirm a breakout continuation, paving the best way for a rally in the direction of 59,000 and 59,300, which correspond to the 138.2% Fibonacci projection of the latest correction (57,628–53,561). Nevertheless, failure to clear this degree might lead to range-bound motion between 58,600 and 57,300 within the close to time period.On the draw back, fast assist is seen round 57,300–57,500, aligning with the earlier breakout zone, whereas a stronger assist base lies close to 56,800–56,500.Total, the outlook stays constructive, and any pullbacks ought to be seen as shopping for alternatives inside these assist areas.
Inventory Suggestions:
NBCCPurchase within the vary of Rs 116.00-119.00
The inventory has damaged out above the falling trendline connecting the June 2025 and September 2025 highs, signaling power and providing a contemporary entry alternative. The value motion is forming the next excessive–greater low construction on the day by day timeframe, reinforcing the bullish outlook.We anticipate the inventory to maneuver greater in the direction of the 129 degree, which aligns with the June 2025 excessive and the 123.6% Fibonacci extension of the prior upswing from 98 to 117, projected from the latest low at 105.From a technical indicator perspective, the RSI stays in a bullish configuration and has not too long ago triggered a purchase sign, suggesting continued upward momentum.SagilityPurchase within the vary of Rs 54.00-55.00
The inventory is displaying a sustained bullish construction, forming consecutive greater highs and better lows on the weekly chart. It has additionally damaged out of a protracted base formation, accompanied by a decisive breach of its falling trendline resistance — signaling a transition from a consolidation section to a contemporary uptrend.A transparent breakout from the descending triangle sample has already occurred thus opening upwards in the direction of 62 within the medium time period being measured transfer projection derived from the descending triangle breakout.On the indicator entrance, the weekly RSI is exhibiting a gentle upward trajectory, reflecting sustained power in momentum. There aren't any seen indicators of exhaustion or bearish divergence, suggesting that the prevailing bullish momentum stays intact with out indications of a pattern reversal.(Disclaimer: Suggestions and views on the inventory market, different asset lessons or private finance administration ideas given by consultants are their very own. These opinions don't symbolize the views of The Instances of India)
