Aetram Research India

Aetram Research India: NIFTY MEDIA Weekly Sector Outlook - 31.10.2026

Aetram Research India: NIFTY MEDIA Weekly Sector Outlook

Nifty Media Index Holds Above Key Averages; Strength Beyond 1,660 May Extend Upside, While 1,590 Weakness Could Pressure Momentum - 31.10.2026

Current Market Price: 1631.25

Market Prediction:

Nifty Media is holding above its major moving averages, keeping the broader structure constructive despite near-term momentum cooling. RSI remains neutral, while ADX indicates moderate trend strength and MACD is losing pace. A move above 1,660 may restore upside momentum, whereas weakness below 1,590 could trigger deeper consolidation toward support.

Upcoming Events:

Advertising revenue trends may support media earnings – Positive Catalyst
Festive consumption demand may improve sector sentiment – Positive Catalyst
Weak subscriber growth could pressure broadcaster valuations – Negative Catalyst

Major Support and Resistance:

Support: 1605, 1590, 1560
Resistance: 1660, 1690, 1725

Volume Analysis:

Price stability above the moving-average cluster suggests underlying support, but participation remains selective rather than aggressive. A stronger rise in activity near 1,660 would improve upside conviction, while selling pressure below 1,590 may weaken the current structure.

Final Take Away:

Media remains broadly constructive above key averages, though momentum has softened near recent highs. Holding 1,590 preserves the positive structure, while a move above 1,660 could reopen higher levels; failure below support may invite consolidation.

Next Week Prediction:

Next week may remain range-bound with a positive tilt above 1,590, while movement beyond 1,660 could strengthen momentum toward 1,690–1,725 and improve sector leadership.

Scenario-Based Outlook:

Bullish Scenario: Above 1660, price may move toward 1690–1725 zone
Bearish Scenario: Below 1590, downside risk toward 1560–1530 zone
Neutral Scenario: Between 1590–1660, consolidation likely

Disclaimer: This research report is for informational purposes only. This is not an offer to buy or sell securities. Past performance is not indicative of future results. There is no guarantee of returns. Investments in securities are subject to market risks including loss of capital. Investors should consult their financial advisor before making any investment decisions.

Aetram Research India: NIFTY PRIVATE BANK Weekly Sector Outlook - 31.10.2026

Aetram Research India: NIFTY PRIVATE BANK Weekly Sector Outlook

Nifty Private Banks Hold a Mild Positive Edge Above 27,000; Strength Past 27,250 May Extend Gains, While 26,800 Weakness Risks Reversal - 31.10.2026

Current Market Price: 27053.50

Market Prediction:

Nifty Private Bank is holding near its moving-average cluster after a gradual recovery. RSI is supportive, MACD has turned positive and CCI remains firm, while ADX indicates moderate conviction. A push above 27,250 may improve momentum toward 27,500–27,800, whereas weakness below 26,800 could drag the index lower.

Upcoming Events:

SBI results may influence broader banking sentiment – Positive Catalyst
India activity data may support credit outlook – Positive Catalyst
Firm global yields may pressure financial valuations – Negative Catalyst

Major Support and Resistance:

Support: 26800, 26550, 26250
Resistance: 27250, 27500, 27800

Volume Analysis:

Participation remains subdued, suggesting the current recovery is driven more by price stability than aggressive accumulation. A stronger volume build-up above 27,250 would improve confidence, while renewed selling activity below 26,800 may weaken the setup.

Final Take Away:

Private banks are holding a balanced but mildly constructive structure near current levels. The index needs a clean move above 27,250 to strengthen momentum, while a fall below 26,800 may shift control back toward sellers.

Next Week Prediction:

Next week may stay range-bound with a positive tilt above 26,800; movement beyond 27,250 could lift momentum, while support failure may renew downside pressure.

Scenario-Based Outlook:

Bullish Scenario: Above 27250, price may move toward 27500–27800 zone
Bearish Scenario: Below 26800, downside risk toward 26550–26250 zone
Neutral Scenario: Between 26800–27250, consolidation likely

Aetram Research India: NIFTY PSU BANK Weekly Sector Outlook - 31.10.2026

Aetram Research India: NIFTY PSU BANK Weekly Sector Outlook

Nifty PSU Banks Regain Momentum Above 8,200; Strength Beyond 8,350 May Extend Gains, While 8,100 Weakness Could Stall Recovery - 31.10.2026

Current Market Price: 8234.85

Market Prediction:

Nifty PSU Bank has moved back above its key moving-average cluster, signalling improving near-term structure after recent consolidation. RSI remains constructive, MACD is positive and ADX shows strengthening participation. A move above 8,350 may extend gains toward 8,500–8,650, while weakness below 8,100 could weaken momentum.

Upcoming Events:

Public-bank earnings strength may reinforce sector sentiment – Positive Catalyst
Improving credit growth may support PSU bank outlook – Positive Catalyst
Rising bond yields could pressure treasury profitability – Negative Catalyst

Major Support and Resistance:

Support: 8150, 8100, 8000
Resistance: 8350, 8500, 8650

Volume Analysis:

Volume has improved alongside the latest recovery, suggesting better participation as price moved above nearby averages. Continued expansion near 8,350 would strengthen conviction, while heavier selling below 8,100 could signal fading demand and renewed consolidation.

Final Take Away:

PSU Bank has improved its technical position after reclaiming key averages, with momentum gradually shifting towards buyers. Holding above 8,100 keeps the structure constructive, while movement beyond 8,350 may open room toward 8,500–8,650.

Next Week Prediction:

Next week may favour further strength if 8,100 holds, while movement above 8,350 could extend the recovery; failure below support may return range-bound conditions.

Scenario-Based Outlook:

Bullish Scenario: Above 8350, price may move toward 8500–8650 zone
Bearish Scenario: Below 8100, downside risk toward 8000–7900 zone
Neutral Scenario: Between 8100–8350, consolidation likely

Aetram Research India: NIFTY ENERGY Weekly Sector Outlook - 31.10.2026

Aetram Research India: NIFTY ENERGY Weekly Sector Outlook

Nifty Energy Index Holds Fragile Base Near 34,950; Reclaiming 35,800 May Aid Recovery, While 34,500 Loss Risks Fresh Pressure - 31.10.2026

Current Market Price: 34957.90

Market Prediction:

Nifty Energy is defending a fragile base near 34,950 after an extended decline, but price remains beneath major moving averages. RSI is neutral, MACD stays negative and ADX signals weak trend strength. Reclaiming 35,800 could improve recovery scope toward 36,200, while a fall below 34,500 may expose 34,000–33,500.

Upcoming Events:

OPEC+ supply discipline may support energy sentiment – Positive Catalyst
ONGC quarterly results may strengthen upstream confidence – Positive Catalyst
Elevated crude costs may pressure downstream margins – Negative Catalyst

Major Support and Resistance:

Support: 34500, 34000, 33500
Resistance: 35200, 35800, 36200

Volume Analysis:

Volume expanded near recent lows, reflecting active participation during the rebound attempt, but follow-through remains uneven. Fresh accumulation above 35,800 would improve confidence, while heavier selling below 34,500 could indicate renewed distribution across the sector.

Final Take Away:

Energy remains structurally weak, yet the index is attempting to hold a base near current levels. Recovery credibility improves only above 35,800; until then, protecting 34,500 remains important to prevent another move toward 34,000–33,500.

Next Week Prediction:

Next week may remain volatile and range-driven; holding 34,500 supports stabilisation, while movement above 35,800 could shift momentum toward 36,200 and higher resistance.

Scenario-Based Outlook:

Bullish Scenario: Above 35800, price may move toward 36200–36800 zone
Bearish Scenario: Below 34500, downside risk toward 34000–33500 zone
Neutral Scenario: Between 34500–35800, consolidation likely

Aetram Research India: NIFTY METAL Weekly Sector Outlook - 31.10.2026

Aetram Research India: NIFTY METAL Weekly Sector Outlook

Nifty Metal Index Stabilises Above 11,700; Recovery Toward 12,060 Remains Possible, While 11,550 Weakness Could Revive Downside Pressure - 31.10.2026

Current Market Price: 11784.90

Market Prediction:

Nifty Metal is attempting to stabilise after a prolonged decline, with price holding above its short moving average. RSI and CCI remain neutral, while MACD shows early improvement. Weak ADX indicates limited trend conviction. Recovery above 12,060 may strengthen momentum toward 12,300–12,500; below 11,550, downside pressure could return.

Upcoming Events:

China demand improvement may support metal prices – Positive Catalyst
Firm commodity prices could strengthen sector earnings sentiment – Positive Catalyst
Weak global manufacturing activity may pressure metals – Negative Catalyst

Major Support and Resistance:

Support: 11710, 11550, 11350
Resistance: 12060, 12300, 12500

Volume Analysis:

Volume remains moderate after the recent decline, suggesting cautious participation rather than aggressive accumulation. A stronger rise in activity near 12,060 may improve recovery conviction, whereas expanding selling volume below 11,550 could renew bearish pressure.

Final Take Away:

Metal is trying to form stability after sustained weakness, but trend strength remains limited. Holding 11,550 keeps recovery potential alive, while movement above 12,060 could improve structure; failure below support may expose 11,350 again.

Next Week Prediction:

Next week may remain range-oriented between 11,550 and 12,060, with a move above resistance improving recovery prospects, while support failure could revive downside pressure.

Scenario-Based Outlook:

Bullish Scenario: Above 12060, price may move toward 12300–12500 zone
Bearish Scenario: Below 11550, downside risk toward 11350–11150 zone
Neutral Scenario: Between 11550–12060, consolidation likely

Aetram Research India: NIFTY REALTY Weekly Sector Outlook - 31.10.2026

Aetram Research India: NIFTY REALTY Weekly Sector Outlook

Nifty Realty Rebound Holds Above 800; Strength Beyond 827 May Extend Recovery, While 799 Weakness Could Reopen Recent Lows - 31.10.2026

Current Market Price: 813.90

Market Prediction:

Nifty Realty is rebuilding from recent lows, with RSI and CCI improving while MACD turns positive. Price has reclaimed the short moving average but remains below higher averages, keeping the larger structure cautious. A move above 827 may open 840–855, while weakness below 799 could retest lower support zones.

Upcoming Events:

Realty earnings updates may strengthen sector sentiment – Positive Catalyst
Housing finance results may support demand confidence – Positive Catalyst
Higher borrowing costs could restrain property demand – Negative Catalyst

Major Support and Resistance:

Support: 799, 785, 773
Resistance: 827, 840, 855

Volume Analysis:

Recent rebound sessions show selective volume improvement after the sharp decline, but participation is not yet broad enough to confirm a durable reversal. Stronger volume near 827 would improve conviction, while selling below 799 may weaken recovery.

Final Take Away:

Realty is showing early signs of base formation after sustained weakness. Momentum has improved, but overhead averages remain a hurdle. Holding 799 keeps recovery intact, while acceptance above 827 may strengthen the move toward 840–855.

Next Week Prediction:

Next week may favour a recovery attempt above 799, with 827 as the decisive strength level; failure below 799 could return focus toward 785–773.

Scenario-Based Outlook:

Bullish Scenario: Above 827, price may move toward 840–855 zone
Bearish Scenario: Below 799, downside risk toward 785–773 zone
Neutral Scenario: Between 799–827, consolidation likely

Aetram Research India: NIFTY PHARMA Weekly Sector Outlook - 31.10.2026

Aetram Research India: NIFTY PHARMA Weekly Sector Outlook

Nifty Pharma Extends Powerful Recovery Above 27,000; Holding 26,800 Supports Further Upside, While 26,300 Weakness Could Trigger Profit Booking - 31.10.2026

Current Market Price: 27124.85

Market Prediction:

Nifty Pharma has accelerated sharply from recent lows and now trades well above its major moving averages. RSI near 71 signals strong momentum but also elevated conditions. ADX confirms strengthening trend intensity, while MACD remains firmly positive. Holding 26,800 favours 27,400–27,800, whereas 26,300 weakness may invite profit booking.

Upcoming Events:

Sai Life Sciences quarterly results may strengthen sector confidence.
Continued pharmaceutical earnings strength could sustain sector participation
Unexpected regulatory setbacks could trigger selective pharma volatility

Major Support and Resistance:

Support: 26800, 26300, 26000
Resistance: 27400, 27800, 28200

Volume Analysis:

Recent upside acceleration has been accompanied by visibly stronger participation, confirming fresh demand near higher levels. However, elevated momentum warrants caution. Healthy volume above 27,400 may extend strength, while distribution near highs could encourage profit booking.

Final Take Away:

Nifty Pharma currently carries one of the stronger momentum structures, with price firmly above key averages and trend strength expanding. Holding 26,800 keeps buyers dominant, while 27,400 clearance may open further upside toward 27,800–28,200.

Next Week Prediction:

Next week may favour continued Pharma strength while 26,800 holds, though elevated momentum could create volatility; acceptance above 27,400 may extend gains toward 27,800–28,200.

Scenario-Based Outlook:

Bullish Scenario: Above 27400, price may move toward 27800–28200 zone
Bearish Scenario: Below 26300, downside risk toward 26000–25600 zone
Neutral Scenario: Between 26300–27400, consolidation likely