The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open flat on Tuesday, tracking mixed global market cues.<\/p>\n
The trends on Gift Nifty also indicate a flattish start for the Indian stock market today. The Gift Nifty was trading around 25,319 level, a premium of nearly 10 points from the Nifty futures\u2019 previous close.<\/p>\n
On Monday, the Indian stock market indices ended lower, with the benchmark Nifty 50 holding above 25,200 level.<\/p>\n
The Sensex<\/a> declined 173.77 points, or 0.21%, to close at 82,327.05, while the Nifty 50 settled 58.00 points, or 0.23%, lower at 25,227.35.<\/p>\n Here\u2019s what to expect from Sensex, Nifty 50 and Bank Nifty today:<\/p>\n Sensex Prediction<\/p>\n Sensex took support near 82,000 and bounced back sharply after a gap-down open on Monday.<\/p>\n \u201cWe believe that the intraday market texture is volatile and non-directional; hence, level-based trading would be the ideal strategy for day traders. On the downside, 82,000 and 81,800 would act as key support zones for Sensex<\/a>, while 82,500 – 82,800 could serve as immediate resistance areas for the bulls. However, below 81,800, the index could retest the level of 81,500,\u201d said Shrikant Chouhan, Head Equity Research, Kotak Securities.<\/p>\n Also Read | Indian stock market: 10 key things that changed for market overnight- October 14<\/a><\/p>\n According to Mayank Jain, Market Analyst, Share.Market, market participants should watch the 82,100 to 81,900 support zone, a breach could intensify further profit booking.<\/p>\n \u201cUpside resistance is seen at 82,500 \u2013 82,700, where supply may emerge. The near-term trend will hinge on global news flow and ongoing earnings commentary, with investors likely to stay conservative unless external headwinds subside,\u201d said Jain.<\/p>\n Nifty OI Data<\/p>\n In the derivatives segment, the highest Nifty call open interest (OI) was recorded at the 25,300 strike, while the maximum put open interest was concentrated at the 25,200 strike. This positioning indicates strong resistance near 25,300; however, traders are eyeing potential upside, with a sustained close above this level necessary to maintain bullish momentum in the near term,\u201d said Amruta Shinde, Technical & Derivative Analyst at Choice Equity Broking Private Limited.<\/p>\n Nifty 50 Prediction<\/p>\n Nifty 50 formed a green candle on the daily chart, indicating underlying strength and buying support at lower levels.<\/p>\n \u201cA small positive candle was formed on the daily chart with a gap down opening. Technically, this market action indicates a choppy movement or minor downward correction in the market. Larger degree higher tops and bottoms is intact on the daily \/ weekly chart and the recent upmove could be in line with the formation of a new higher top of the sequence,\u201d said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.<\/p>\n According to him, the short-term trend of Nifty 50 is choppy, but the underlying medium-term trend remains positive. Any further weakness from here could find support around 25,000 levels before bouncing back from the lows. Immediate resistance is placed at 25,500 levels.<\/p>\n Also Read | Stock market today: Eight stocks to buy or sell on Tuesday \u2014 14 October<\/a><\/p>\n Nilesh Jain, Head \u2013 Technical and Derivatives Research Analyst (Equity Research), Centrum Broking Ltd. believes that the overall trend remains bullish as long as the Nifty 50<\/a> index trades above 25,050, and a gradual upmove towards 25,400 appears likely in the near term.<\/p>\n \u201cOn the derivatives front, fresh Call writing was observed at the 25,300 strike, which now holds the highest open interest (OI) on the Call side. A decisive break above 25,300 could trigger short covering, paving the way for further upside. Meanwhile, the base has shifted higher to the 25,200 strike, indicating strong support at that level. Overall, the data setup looks positive, and a sustained move above 25,300 will confirm a follow-up rally in the index,\u201d said Jain.<\/p>\n According to Dr. Praveen Dwarakanath, Vice President of Hedged.in, the Nifty 50 formed an insider candle, indicating indecision in the index.<\/p>\n \u201cThe majority of the day stayed within a range of 50 points as the option\u2019s writer\u2019s data suggested high volume call writing above 25,300 and put writers below 25,150 levels. The ADX DI+ and the ADX DI- line are moving in tandem, indicating no clear trend in the index. The RSI average line crossed the RSI line towards the end of the day, hinting at a possible move on the upside from the closing price,\u201d said Dwarakanath.<\/p>\n Mayank Jain noted that Nifty\u2019s immediate support is located at 25,100, followed by a stronger base near 24,900.<\/p>\n \u201cIf market sentiment improves, resistance resides between 25,300 \u2013 25,350. Sustained buying above these levels may trigger a move towards the 25,500 \u2013 25,600 zone; however, if global cues remain weak or inflation data disappoints, further downside toward support levels is possible,\u201d said Jain.<\/p>\n Also Read | Buy or sell: Vaishali Parekh recommends three stocks to buy today \u2014 14 Oct 2025<\/a>Bank Nifty Prediction<\/p>\n Bank Nifty index ended 15.25 points, or 0.03%, higher at 56,625.00 on Monday, forming a bullish candle on the daily chart with a higher high and higher low, highlighting positive bias.<\/p>\n \u201cNifty Bank index has managed to sustain above the descending trendline breakout and continues to hold comfortably above all major moving averages on both the daily and hourly charts, reflecting ongoing strength in the broader trend. The RSI at 67 remains in positive territory, maintaining upward strength, while the MACD continues to hold a bullish crossover, indicating steady momentum. The hourly setup also remains resilient, with the supertrend indicator offering trailing support,\u201d said Om Mehra, Technical Research Analyst, SAMCO Securities.<\/p>\n Bank Nifty is currently trading above its immediate support at 56,400 \u2013 56,150, while resistance is visible around 56,780 \u2013 56,900.<\/p>\n