Rally pattern expected stock market tomorrow:Range could be between 25,600 and 26,200, 5 factors that will determine market movement

The stock market is expected to see a rally in the week starting Monday. A rally is a period of sustained increases in the prices of stocks, bonds, or related indexes. According to experts, second-quarter results, the US trade deal with India and China, global market signals, buying and selling by foreign investors, and technical factors will determine the market’s direction. Let’s understand what could happen in the market this week Support Zone: 25,722 | 25,694 | 25,593 | 25,468 Support means the level where a stock or index finds support from falling further. Here, increased buying prevents the price from easily going down. This could be an opportunity to buy. Resistance Zone: 25,874 | 25,920 | 26,045 | 26,146 | 26,372 Resistance means the level where a stock or index faces an obstacle in moving higher. This happens due to increased selling. A new rally could emerge if the resistance zone is crossed. Market Direction Next Trading Day (October 27): According to market experts, the market may open around 25,850, about 50 points higher on Monday. During the day’s trading, it is expected to go up to 25,900–26,000. Immediate support is at 25,700. This means if the 25,700 level breaks, it can go down to 25,600. Whole Week (October 27–31): The market is likely to remain bullish throughout the week. Nifty 50’s range could be from 25,600 to 26,200. These levels are based on technical analysis, OI data from the option chain, and DII buying. Caution is important: the market can experience sharp fluctuations at any time, therefore, after taking any trade, definitely use risk management and stop-loss. Factors like global markets or trade deals can also affect the market. Now 5 factors that can determine the market’s direction 1. India-US Trade Deal: The trade deal between India and the US could be finalized. This could ease the 50% tariff imposed on India’s exports. Investors will keep an eye on this development. Additionally, investors will also keep an eye on the US-China meeting, which could reduce trade tensions. 2. Second Quarter Results: Investors will pay close attention to the results, which so far are proving to be better than expected. Mazagon Dock and BEL in the defense sector will present their results. Additionally, results of companies like Kotak Mahindra Bank, PNB Housing, IOC, Coal India, Adani Power, Dabur, BHEL, and NTPC will also be released, which can give a new direction to the market. 3. FII Activity: The sentiment of foreign investors (FII) is showing initial signs of stabilizing after months of selling. On October 24, FIIs made a net purchase of ₹621 crore. During this period, DIIs made a net purchase of ₹173 crore. So far this year, FIIs have sold shares worth over ₹2 lakh crore, while DIIs have made purchases of over ₹5 lakh crore. 4. US Market: The movement of the US market affects other markets. Some impact of this can also be seen on Indian markets. On Friday, the US markets closed higher. 5. Technical View: Nagaraj Shetty, Senior Technical Research Analyst at HDFC Securities, said that a bullish pattern like higher tops and bottoms has formed on Nifty’s daily timeframe chart. The current weakness is aligning with a new higher bottom of this pattern. Ajit Mishra, Research Head (SVP) at Religare Broking, said that despite the ongoing corrective phase, the bullish outlook on Nifty remains intact. As long as Nifty holds itself above 25,600, the index’s trend will remain positive. Sensex closes 345 points down at 84,212 On Friday, October 24, the last trading day of the week, Sensex closed 345 points down at 84,212. Nifty fell by 97 points, closing at 25,795. 20 out of 30 Sensex shares declined. Shares of Hindustan Unilever, Ultratech, Adani Ports fell by up to 3.5%. 34 out of 50 Nifty shares declined. NSE’s FMCG, Banking, Pharma, and Healthcare sectors saw the biggest declines. Metal and Realty shares saw gains. Disclaimer: This article is for informational and learning purposes only. The opinions and advice given above are those of individual analysts or brokerage companies, and not of Dainik Bhaskar. We advise investors to consult certified experts before making any investment decision.