सेंसेक्स साप्ताहिक समाप्ति निफ्टी के रूप में करघे, बैंक निफ्टी ट्रेड फ्लैट अक्टूबर 2026

Indian equity benchmarks opened near Monday's close on Tuesday, with the Sensex weekly expiry on Thursday drawing focus as the nearest derivative event. The Nifty 50 quoted at ₹22,738.40, Bank Nifty at ₹54,531.55, and the Sensex at ₹73,468.00 — all unchanged from the previous session.

Market Overview

The Nifty 50 held above the 22,700 mark in early trade, consolidating after recent sessions. Bank Nifty traded in a narrow band around 54,500, while the Sensex hovered near 73,500. According to NSE data, all three indices showed zero percentage change at 09:40 IST, indicating a cautious start ahead of the Sensex weekly expiry on October 29.

BSE data shows the Sensex weekly contract expiring this Thursday, with the monthly contract also expiring the same day. This dual expiry for Sensex and Bankex on October 29 may concentrate open interest around key strikes as the week progresses.

Key Levels

Nifty 50

Immediate resistance is seen at 22,800-22,850, with support at 22,650-22,600. The 22,700 level coincides with the 20-day exponential moving average on the daily chart, acting as a near-term pivot.

Bank Nifty

The index faces resistance at 54,800-55,000, while 54,300-54,200 offers immediate support. The 54,500 level aligns with the weekly VWAP, making it a reference for intraday bias.

Sensex

With weekly expiry two sessions away, 73,600-73,700 serves as resistance, and 73,300-73,200 as support. The 73,500 strike has seen notable call writing in recent sessions, per exchange data.

What is Driving the Market

Global cues remain mixed. US futures were flat overnight after the S&P 500 closed marginally lower. The dollar index steadied near 104, while Brent crude traded above $72 per barrel. Domestic flows show FIIs turned net sellers in the cash segment on Monday, while DIIs provided support.

The upcoming Sensex expiry on Thursday is the primary near-term catalyst. With both weekly and monthly contracts expiring simultaneously, rollover activity to the November series may begin mid-week. BSE data indicates the next Sensex weekly expiry after Thursday is November 6.

Expiry Analysis

Sensex Weekly Expiry — October 29

The Sensex weekly expiry on Thursday, October 29, is 1.6 sessions away. The monthly contract expires the same day. Historical patterns suggest increased gamma exposure in the final two sessions, particularly around strikes with heavy open interest concentration.

Without verified OI data for current strikes, specific max-pain levels cannot be stated. Traders should monitor the NSE and BSE option chain updates through the session for strike-wise concentration. The 73,500 and 73,600 call strikes have seen accumulation in prior sessions, per exchange disclosures.

Bankex Monthly Expiry — October 29

Bankex monthly expiry coincides with Sensex expiry on Thursday. The index has no weekly contracts. Rollover to the November monthly series will be tracked for clues on directional bias.

Nifty Weekly Expiry — November 3

Nifty weekly expiry falls on Tuesday, November 3 — six sessions away. Current positioning remains light ahead of the weekly cycle. The monthly expiry on November 24 is 27.6 sessions away.

Outlook for Next Session

Wednesday's session will likely see increased expiry positioning for Sensex. A sustained move above 73,600 could trigger short covering into expiry, while a break below 73,300 may accelerate put writing. For Nifty, the 22,700-22,800 range defines the near-term bias. Bank Nifty's 54,300-54,800 band holds unless global cues shift.

Traders should watch India VIX for volatility expansion ahead of Thursday's dual expiry. FII derivatives data at end-of-day will clarify rollover intent.

Disclaimer

AlgoIntra provides AI-generated technical data and market commentary, not investment advice. F&O trading involves extreme risk of capital loss.