Despite a volatile trading session that saw the Nifty 50 dip by 30 points and the Sensex by 151 points on Tuesday, market sentiment remains cautiously positive, according to Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher. The Nifty 50 closed around the 25,950 level, currently facing a key resistance at 26,000. A decisive breach above this level could propel the index towards near-term targets of 26,300 and 26,700. Investors should closely watch the immediate support at 25,800 and resistance at 26,200 for intraday movements and overall market direction.
The Bank Nifty index also experienced fluctuations, closing near the 58,200 level after resisting near 58,300. While consolidation has been observed over the past 3-4 sessions, the overall bias remains positive. Vaishali Parekh suggests that a breakthrough above the 58,600 zone could pave the way for the index to achieve a target of 60,000. Crucially, the near-term support at 57,300 must be sustained to maintain the current positive trend. For today's trading, the Bank Nifty is expected to trade within a range of 57,800 to 58,800.
For investors seeking actionable insights, Vaishali Parekh has recommended three specific stocks for today, October 29th, 2025, complete with entry points, target prices, and stop losses: 1. GNFC: Buy at ₹ 509.30, with a Target Price of ₹ 535 and a Stop Loss at ₹ 498. 2. Jubilant Ingrevia: Buy at ₹ 692.35, targeting ₹ 725, and setting a Stop Loss at ₹ 677. 3. Gokul Agro Resources: Recommended to Buy at ₹ 174, with a Target of ₹ 183 and a Stop Loss at ₹ 170. *Disclaimer: These recommendations are provided by individual analysts and are not views or endorsements from Fabits. We strongly advise all our users to consult with certified financial experts and conduct their own thorough due diligence before making any investment decisions.*
