Nifty Prediction For Oct 13: GIFT Nifty Down Nearly 200 Points; Check Key Support & Resistance Levels

Nifty Prediction For Oct 13: GIFT Nifty Down Nearly 200 Points; Check Key Support & Resistance Levels

Nifty Prediction For Tomorrow, October 13, 2025: Indian benchmark indices ended the week on a positive note, extending their winning streak for the second consecutive week. Nifty 50 closed the week ended October 10 higher by 391 points, or 1.5%, at 25,285.35, building on the previous week's 0.97% advance to 24,894. Meanwhile, Sensex gained 1.35% in the past five sessions to end at 82,500.82.

Strong early quarterly results and expectations of a vibrant festive season have lifted investor sentiment, particularly in cyclical sectors like automobiles and consumer goods.

Global cues also turned supportive, driven by hopes of a softer stance from the US Federal Reserve. On the domestic front, the RBI's dovish outlook and hints of potential rate cuts amid steady inflation further boosted market optimism.

A drop in global crude oil prices, with Brent crude hitting a 19-week low, has helped ease inflation and reduce import costs—bringing relief to consumption-led sectors such as FMCG, aviation, and paints.

There's more good news from foreign institutional investors, as they turned net buyers after months of selling. FIIs bought Indian equities in the secondary market in the last four trading sessions of the week ended October 10. The cash market buy figure during the last four trading sessions stands at Rs 3,289 crore.

Though the amount is not significant, the shift in the FPI trading strategy is notable.

It stems from two factors, argues VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services. One, the valuation differentials between India and other markets, which were high earlier, have come down significantly in recent weeks following the rally in other markets and consolidation in the Indian market. Two, the growth and earnings prospects for India have been revised upward by market experts. The GST cuts and the low interest regime are expected to boost India Inc's earnings in FY27, which the market will soon start discounting.

Investors' eyes are now on Monday's session against the backdrop of major geopolitical turmoil, where the US imposed an additional 100% tariff on Chinese exports to the country and put export controls on “any and all critical software."

Trump's administration announced the new measures after China imposed additional port fees per voyage.

The renewed escalation of the US–China tariff war sparked a sharp sell-off on Wall Street on Friday.

On the backdrop of this, GIFT Nifty dropped 197 points to trade at 24,205 around 3:42 PM on Sunday.

Despite the ongoing geopolitical turmoil triggered by additional tariffs, experts stay positive and bet on a bullish trend for Nifty on Monday. The index (Nifty 50) is holding firmly above the 25,000 level as well as the 21-day and 55-day EMAs, signaling strong underlying strength, argues Puneet Singhania, Director at Master Trust Group.

On the upside, resistance is anticipated near 25,500, and a breakout above this level could propel the index toward 25,750. On the downside, the 25,000–24,900 zone remains a critical support. Overall, the structure favors buying on dips, reflecting sustained market optimism, he added.

Ponmudi R, CEO – Enrich Money, hopes that market direction in the coming week will hinge on a mix of domestic cues, global macroeconomic trends, and corporate earnings.

On the domestic macro front, India's trade balance data for September will draw significant attention, as it will provide the first comprehensive view of how the country's export performance has been impacted by the recent 50% tariffs imposed by the U.S., effective August 27, he added.

On the corporate front, all eyes will be on the IT sector as heavyweights such as Infosys, HCL Tech, and Tech Mahindra are set to announce their Q2 results.

The Nifty continues to display resilience, establishing a higher-low structure above the crucial 25,000–24,850 zone, Ponmudi R added.

Source: News18
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