Aetram Research India: NIFTY FMCG Weekly Sector Outlook - 31.10.2026

Aetram Research India: NIFTY FMCG Weekly Sector Outlook

NIFTY FMCG Attempts Base Formation Near 43,600; Move Above 44,450 Could Improve Recovery, While 42,950 Loss May Reopen Weakness - 31.10.2026

Current Market Price: 43609.20

Market Prediction

• Nifty FMCG is trying to stabilise after a prolonged decline, with momentum indicators turning firmer from oversold conditions. Price has reclaimed its short average but remains beneath major overhead averages. Acceptance above 44,450 could improve recovery scope toward 45,000–45,600, whereas a fall below 42,950 may restore broader weakness.

Upcoming Events

• ITC earnings may strengthen sector sentiment – Positive Catalyst
• Festive consumption trends may improve demand outlook – Positive Catalyst
• Persistent food inflation may restrict discretionary spending – Negative Catalyst

Major Support and Resistance

• Support: 42950, 42400, 42000
• Resistance: 44450, 45000, 45600

Volume Analysis

• Recent sessions show better participation around the recovery phase, though buying conviction is not yet decisive. Expansion in volume near 44,450 would improve confirmation, while stronger sell-side activity below 42,950 could weaken the developing base.

Final Take Away

• FMCG is attempting to build stability after extended selling pressure. The recovery remains incomplete, but holding above 42,950 keeps the base constructive. A move through 44,450 could gradually shift momentum toward 45,000–45,600.

Next Week Prediction

• Next week may remain recovery-oriented above 42,950, with 44,450 acting as the key strength trigger for a possible extension toward 45,000–45,600.

Scenario-Based Outlook

• Bullish Scenario: Above 44450, price may move toward 45000–45600 zone
• Bearish Scenario: Below 42950, downside risk toward 42400–42000 zone
• Neutral Scenario: Between 42950–44450, 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 AUTO Weekly Sector Outlook - 31.10.2026

Aetram Research India: NIFTY AUTO Weekly Sector Outlook

Nifty Auto Recovery Stalls Below 25,800; Strength Above 25,800 May Extend Gains, While 25,200 Weakness Could Renew Selling - 31.10.2026

Current Market Price: 25422.70

Market Prediction

• Nifty Auto is attempting recovery from the 24,500 support base, but price remains below major long-term averages. RSI is neutral, CCI is mildly positive, while MACD momentum is improving. Sustained strength above 25,800 may lift the index toward 26,000–26,500, whereas weakness below 25,200 could revive selling pressure again sharply.

Upcoming Events

• October vehicle sales releases may support sector sentiment – Positive Catalyst
• Festive demand continuation may strengthen automaker revenue expectations – Positive Catalyst
• Higher input costs could pressure automobile margins further – Negative Catalyst

Major Support and Resistance

• Support: 25200, 24900, 24500
• Resistance: 25800, 26000, 26500

Volume Analysis

• Volume improved during recent rebound attempts, but participation remains moderate compared with earlier selling phases. Stronger buying interest above 25,800 may support continuation, while rising sell-side volume below 25,200 could weaken the recovery structure further.

Final Take Away

• Nifty Auto shows recovery efforts, but broader structure remains cautious below major averages. Holding 25,200 preserves near-term stability, while sustained strength above 25,800 may improve momentum toward 26,000–26,500; losing support could reopen 24,500 area.

Next Week Prediction

• Next week, Nifty Auto may remain range-bound with recovery attempts above 25,200; sustained strength beyond 25,800 could extend gains toward the 26,000–26,500 resistance zone.

Scenario-Based Outlook

• Bullish Scenario: Above 25800, price may move toward 26000–26500 zone
• Bearish Scenario: Below 25200, downside risk toward 24900–24500 zone
• Neutral Scenario: Between 25200–25800, 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 IT Weekly Sector Outlook - 31.10.2026

Aetram Research India: NIFTY IT Weekly Sector Outlook

Nifty IT Recovery Remains Intact Above 31,900; Upside Expansion Awaits 32,700 Breakout, While a Fall Below 31,800 May Weaken Sentiment - 31.10.2026

Current Market Price: 32606.90

Market Prediction

• Nifty IT remains in a strong recovery phase above key moving averages, with RSI and CCI supporting positive momentum. MACD stays constructive, though ADX indicates only moderate trend strength. Sustained strength above 32,700 may extend the advance toward 33,000–33,500, while weakness below 31,800 could trigger deeper profit booking further ahead.

Upcoming Events

• Mphasis earnings may support sector confidence – Positive Catalyst
• Infosys investor meetings may improve sentiment – Positive Catalyst
• US labour data may pressure valuations – Negative Catalyst

Major Support and Resistance

• Support: 31900, 31500, 31000
• Resistance: 32700, 33000, 33500

Volume Analysis

• Volume expanded during the recent recovery, confirming stronger participation from buyers, although activity has moderated near current highs. Renewed volume above 32,700 could strengthen continuation, while heavier selling below 31,800 may signal near-term distribution pressure.

Final Take Away

• Nifty IT retains bullish recovery control with momentum favouring buyers, but the index is approaching an important resistance zone. Holding above 31,800 preserves upside potential, while sustained strength beyond 32,700 may extend gains toward 33,500.

Next Week Prediction

• Next week, Nifty IT may retain a positive bias above 31,800, while sustained strength beyond 32,700 could extend recovery toward the 33,000–33,500 resistance zone ahead.

Scenario-Based Outlook

• Bullish Scenario: Above 32700, price may move toward 33000–33500 zone
• Bearish Scenario: Below 31800, downside risk toward 31500–31000 zone
• Neutral Scenario: Between 31800–32700, 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 FINANCIAL SERVICES Weekly Sector Outlook - 31.10.2026

Aetram Research India: NIFTY FINANCIAL SERVICES Weekly Sector Outlook

Nifty Financial Services Recovery Faces a Critical Resistance Zone; Sustained Strength Above 25,000 May Unlock Further Upside, While 24,500 Remains Key Support - 31.10.2026

Current Market Price: 24712.20

Market Prediction

• Financial Services is recovering from recent lows, with price holding above the fast moving average but still below overhead averages. RSI and CCI remain constructive, while MACD improvement supports recovery. Weak ADX shows limited trend strength. Sustained strength above 25,000 may extend gains, while 24,500 weakness could revive selling pressure.

Upcoming Events

• Banking earnings resilience may support sentiment – Positive Catalyst
• RBI liquidity signals may support lenders – Positive Catalyst
• Firm global yields may pressure valuations – Negative Catalyst

Major Support and Resistance

• Support: 24500, 24300, 24100
• Resistance: 24900, 25000, 25300

Volume Analysis

• Volume improved during the rebound from recent lows, showing renewed participation, but activity remains uneven near overhead resistance. Stronger buying volume above 25,000 could validate recovery, while heavier selling below 24,500 may restore downside pressure.

Final Take Away

• Financial Services shows a developing recovery, but broader structure remains restrained below key moving averages. Holding 24,500 keeps recovery prospects intact, while sustained strength above 25,000 may improve momentum toward the next resistance zone ahead.

Next Week Prediction

• Next week, Financial Services may retain a cautious recovery bias above 24,500, while sustained strength beyond 25,000 could encourage further upside toward 25,300 next week.

Scenario-Based Outlook

• Bullish Scenario: Above 25000, price may move toward 25150–25300 zone
• Bearish Scenario: Below 24500, downside risk toward 24300–24100 zone
• Neutral Scenario: Between 24500–25000, 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 BANK Weekly Sector Outlook - 31.10.2026

Aetram Research India: NIFTY BANK Weekly Sector Outlook

Bank Nifty Faces Recovery Pressure Below 55,150; Sustained Strength Could Unlock Further Gains, While 54,400 Risks Fresh Selling - 31.10.2026

Current Market Price: 54686.95

Market Prediction

• Bank Nifty is attempting a recovery, but price remains capped below the 54,900–55,150 resistance cluster and broader moving averages. RSI is near neutral, CCI shows modest improvement, while weak ADX signals limited trend strength. Holding 54,400 may preserve recovery chances; sustained strength above 55,150 could improve upside momentum further ahead.

Upcoming Events

• Remaining quarterly banking earnings may support sentiment if profitability and asset-quality trends remain resilient – Positive Catalyst
• Improvement in domestic liquidity conditions and easing funding pressures could strengthen banking-sector participation – Positive Catalyst
• Firm global bond yields or renewed foreign institutional selling may pressure financial stocks and limit recovery momentum – Negative Catalyst

Major Support and Resistance

• Support: 54400, 54200, 53800
• Resistance: 54900, 55150, 55600

Volume Analysis

• Volume participation improved during recent rebound attempts, but follow-through remains inconsistent and selling activity has appeared near overhead resistance. Stronger participation above 55,150 would support recovery, while expanding volume below 54,400 could reinforce downside pressure.

Final Take Away

• Bank Nifty shows a fragile recovery within a broader weak structure. Buyers need sustained acceptance above 55,150 to strengthen momentum toward resistance, while failure to protect 54,400 may return control to sellers and deepen downside.

Next Week Prediction

• Next week, Bank Nifty may remain range-bound with cautious recovery attempts; holding 54,400 supports stability, while strength above 55,150 may open higher resistance tests ahead.

Scenario-Based Outlook

• Bullish Scenario: Above 55150, price may move toward 55600–56000 zone
• Bearish Scenario: Below 54400, downside risk toward 54000–53800 zone
• Neutral Scenario: Between 54400–55150, 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 50 Weekly Sector Outlook - 31.10.2026

Aetram Research India: NIFTY 50 Weekly Sector Outlook

Nifty Recovery Strengthens Above 22,945; Sustaining 23,150 May Extend Gains, While 22,940 Failure Could Renew Selling Pressure - 31.10.2026

Current Market Price: 23053.10

Market Prediction

• Nifty continues to hold a constructive recovery structure above 22,945, supported by improving RSI, CCI and MACD momentum. Price remains above the nearby moving-average cluster, favouring further recovery attempts. Sustained strength above 23,150 may extend toward 23,200–23,360, while weakness below 22,940 could expose 22,830–22,725.

Upcoming Events

• India manufacturing and services activity data may strengthen domestic growth sentiment if readings remain firm – Positive Catalyst
• Ongoing quarterly earnings from major Indian companies may support index sentiment if profitability and guidance remain resilient – Positive Catalyst
• Stronger US employment data could lift bond yields and pressure global equity sentiment through delayed rate-easing expectations – Negative Catalyst

Major Support and Resistance

• Support: 22945, 22830, 22725
• Resistance: 23150, 23200, 23360

Volume Analysis

• Recent recovery has attracted improving participation, with stronger volumes appearing during several upward moves. However, participation remains below earlier high-volume phases. Sustained buying interest above 23,150 may strengthen continuation probability, while expanding selling volume below 22,940 could indicate renewed distribution pressure.

Final Take Away

• Nifty has entered a stronger recovery phase with improving momentum and short-term structure favouring buyers. Holding above 22,940 keeps recovery potential intact toward 23,150–23,360, while sustained weakness below this support may reduce bullish momentum and revive broader selling pressure.

Next Week Prediction

• Nifty may retain a positive-to-range-bound bias above 22,940 next week, while sustained strength beyond 23,150 could extend recovery toward the 23,360 region.

Scenario-Based Outlook

• Bullish Scenario: Above 23150, price may move toward 23200–23360 zone
• Bearish Scenario: Below 22940, downside risk toward 22830–22725 zone
• Neutral Scenario: Between 22940–23150, 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 MEDIA Weekly Sector Outlook - 24.10.2026

Aetram Research India: NIFTY MEDIA Weekly Sector Outlook

Nifty Media Bears Retain Control Below 1,573; Recovery Above 1,585 Could Extend Toward 1,618, While 1,550 Failure Risks 1,525 - 24.10.2026

Current Market Price: 1,563.40

Market Prediction:

• Nifty Media remains under bearish pressure after a sharp rejection from the 1,650 region, with price now below major moving average cluster. RSI at 36.13 and CCI at -151.83 signal weak momentum, while ADX at 43.01 confirms strong trend intensity. Recovery requires sustained trade above 1,585; otherwise 1,550 remains vulnerable.

Upcoming Events:

• Sun TV Network’s scheduled Q2 earnings on October 30 could improve sector sentiment if operating performance remains resilient. (Positive Catalyst)
• Continued profitability weakness across selected media constituents could maintain pressure on sector valuations and investor confidence. (Negative Catalyst)
• Stronger advertising and entertainment revenue trends during the festive period could support media-company earnings expectations. (Positive Catalyst)

Major Support and Resistance:

• Support: 1,550, 1,525, 1,500
• Resistance: 1,573, 1,585, 1,618

Volume Analysis:

• Recent selling has accompanied a decisive retreat from higher levels, while the rebound near 1,550 lacks convincing participation. Stronger buying volume above 1,585 would be necessary to validate recovery and reduce prevailing distribution pressure.

Final Take Away:

• The sector remains technically fragile below the 1,573–1,585 resistance cluster. Strong ADX confirms meaningful directional pressure, while oversold CCI allows rebound potential. Holding 1,550 can stabilise sentiment, but 1,618 remains the stronger recovery threshold.

Next Week Prediction:

• Nifty Media may attempt a technical rebound from 1,550, but sustained strength requires 1,585; failure below 1,550 could reopen downside toward 1,525–1,500.

Scenario-Based Outlook

• Bullish Scenario: Above 1,585, price may move toward 1,618–1,650 zone
• Bearish Scenario: Below 1,550, downside risk toward 1,525–1,500 zone
• Neutral Scenario: Between 1,550–1,585, 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.