Top 5 Stocks to Watch Tomorrow (31 October 2025) | Nifty Outlook, Key Levels & Trading Strategy

Date: 30 Oct 2025 | Market Overview

Top stocks to watch tomorrow| Indian stock market| Nifty prediction| ONGC share| Sona BLW| Indus Towers| Coforge dividend| Fineotex bonus

After a volatile trading session on October 30, 2025, the Indian market ended lower as global cues, profit-booking, and a hawkish tone from the U.S. Federal Reserve weighed on sentiment.
The Nifty 50 closed at 25,877.85 (-0.68%), while Bank Nifty fell 354 points to 58,031.10.
However, selective midcap and sectoral plays are drawing traders’ attention for the next session.

As markets enter the final trading day of the month, traders are shifting focus to specific stocks with high event-driven momentum, corporate actions, or technical breakouts.
Let’s explore the Top 5 Stocks to Watch for 31 October 2025 with detailed analysis, technical ranges, and possible strategies.

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🧾 1️⃣ ONGC (Oil and Natural Gas Corporation Ltd.)

🔍 Why to Watch

ONGC remains one of the most talked-about energy stocks as global crude oil prices hover around $83 per barrel.
Analysts have recently reiterated their Buy calls on ONGC amid strong refining margins and stable production outlook.
As oil prices rebounded slightly overnight, the stock is expected to attract short-term buying interest.

⚙️ Technical Setup

• Current Price: ₹287.40
• Support Levels: ₹282 / ₹278
• Resistance Levels: ₹292 / ₹298
• Momentum Indicators: RSI near 54 (neutral-to-positive zone)

🎯 Trading Plan

Type	Entry Range	Target 1	Target 2	Stop-Loss
Intraday Buy	₹285–₹288	₹292	₹297	₹281
Short-Term Positional	₹284–₹286	₹300+	₹310	₹278

💡 Catalysts

• Crude oil demand recovery
• Strong Q2 results and dividend yield
• FII interest in energy stocks

⚠️ Risks

• Sudden correction in oil prices
• Policy intervention on fuel pricing
• Profit-booking after recent gains

Outlook: Moderately bullish; likely to test ₹292–₹298 if oil stays firm.

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⚙️ 2️⃣ Sona BLW Precision Forgings Ltd.

🔍 Why to Watch

Sona BLW is drawing strong attention after brokerage Jefferies maintained a Buy call, citing its leadership in EV drivetrain components and export strength.
With the Indian auto and infrastructure segments stabilizing, Sona BLW could see fresh accumulation around support zones.

⚙️ Technical Setup

• Current Price: ₹663.50
• Support Levels: ₹655 / ₹642
• Resistance Levels: ₹675 / ₹690
• Trend Indicator: Bullish crossover on 20-DMA; RSI at 58

🎯 Trading Plan

Type	Entry Range	Target 1	Target 2	Stop-Loss
Swing Buy	₹655–₹665	₹680	₹695	₹642
Positional Buy	₹660	₹700+	₹725	₹640

💡 Catalysts

• Global EV order flows
• Government focus on Make-in-India manufacturing
• Auto sector demand rebound

⚠️ Risks

• Metal price inflation
• Global slowdown impacting exports

Outlook: Strong positive bias; traders may consider buying on dips for a breakout above ₹675.

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🏗️ 3️⃣ Indus Towers Ltd.

🔍 Why to Watch

Telecom infrastructure play Indus Towers continues to gain visibility with the rapid 5G rollout across India.
Jefferies recently reaffirmed it as a top mid-cap pick, expecting margin expansion and rental growth from higher network utilization.

⚙️ Technical Setup

• Current Price: ₹331.20
• Support Levels: ₹324 / ₹318
• Resistance Levels: ₹338 / ₹345
• Trend: Higher-high pattern intact on daily charts

🎯 Trading Plan

Type	Entry Range	Target 1	Target 2	Stop-Loss
Buy on Dips	₹325–₹330	₹338	₹344	₹318
Positional Buy	₹328–₹332	₹350	₹365	₹315

💡 Catalysts

• 5G network expansion and tower demand
• Possible tariff hike from telecom operators (Vodafone Idea, Airtel)
• Regulatory clarity on infrastructure sharing

⚠️ Risks

• Regulatory or license uncertainty
• Delay in telecom payment cycles

Outlook: Bullish; likely to trade with positive bias, may hit ₹345+ if broader sentiment improves.

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💻 4️⃣ Coforge Ltd.

🔍 Why to Watch

Coforge will remain in focus due to its ex-dividend date on October 31, 2025. The IT mid-cap is known for consistent dividends, and such corporate events often create short-term trading volatility.

Traders may witness initial buying pressure followed by mild correction post dividend adjustment.

⚙️ Technical Setup

• Current Price: ₹6,247.10
• Support Levels: ₹6,180 / ₹6,100
• Resistance Levels: ₹6,350 / ₹6,420
• Volatility: High (expected due to ex-date adjustments)

🎯 Trading Plan

Type	Entry Range	Target 1	Target 2	Stop-Loss
Buy (Pre-Ex-Dividend)	₹6,200–₹6,250	₹6,340	₹6,420	₹6,100
Sell (Post Ex-Date)	₹6,350–₹6,400	₹6,200	₹6,100	₹6,450

💡 Catalysts

• Dividend announcement and payout
• Consistent Q2 performance
• IT midcap strength despite global weakness

⚠️ Risks

• Post-dividend price adjustment
• Weak cues from U.S. tech stocks

Outlook: Short-term volatility likely; good opportunity for intraday traders on both sides.

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🧪 5️⃣ Fineotex Chemical Ltd.

🔍 Why to Watch

Fineotex Chemical is trending ahead of its bonus issue and stock split record date on October 31, 2025.
These corporate actions usually attract high retail interest and speculative volume spikes.
The company has a strong presence in specialty chemicals for textiles and hygiene sectors.

⚙️ Technical Setup

• Current Price: ₹217.80
• Support Levels: ₹212 / ₹205
• Resistance Levels: ₹224 / ₹230
• Volume Indicator: Rising steadily, signaling retail participation

🎯 Trading Plan

Type	Entry Range	Target 1	Target 2	Stop-Loss
Pre-Event Buy	₹212–₹218	₹224	₹230	₹205
Post-Bonus Observation	Wait for price adjustment	–	–	–

💡 Catalysts

• Bonus issue + stock split corporate action
• Strong quarterly numbers
• Low float and increasing retail interest

⚠️ Risks

• Post-event correction once speculative volume fades
• Small-cap volatility and liquidity risk

Outlook: Likely to see sharp volume-driven movement; attractive for short-term momentum traders.

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📊 Summary Table: 5 Stocks for 31 Oct 2025

Stock	Bias	Entry Range	Target	Stop-Loss	Catalyst
ONGC	🟢 Bullish	₹285–₹288	₹292–₹297	₹281	Crude strength, Q2 earnings
Sona BLW	🟢 Positive	₹655–₹665	₹680–₹695	₹642	EV/auto demand revival
Indus Towers	🟢 Bullish	₹325–₹330	₹338–₹345	₹318	5G expansion
Coforge	⚖️ Volatile	₹6,200–₹6,250	₹6,340–₹6,420	₹6,100	Ex-dividend trigger
Fineotex Chemical	🟢 Speculative	₹212–₹218	₹224–₹230	₹205	Bonus + stock split

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📈 Market Sentiment Outlook for Tomorrow

With global markets stabilizing after the Fed decision, Indian equities may start flat to mildly positive, provided Nifty holds above 25,850 support.
A recovery in midcaps and stock-specific action could dominate the session.

• Nifty Range: 25,850 – 26,100
• Bank Nifty Range: 57,700 – 58,500
• Tone: Cautious but stock-selective bullishness

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🧠 Trading Strategy for Tomorrow (31 Oct 2025)

• Focus on event-driven stocks with clear catalysts (like Coforge, Fineotex).
• Keep tight stop-losses, as F&O expiry volatility may continue.
• Avoid overleveraging; trade within intraday ranges.
• Watch U.S. market cues and Asian opening for overnight trend confirmation.

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🧩 Expert Commentary

“Stocks with visible triggers—corporate actions or sector-specific tailwinds—are where short-term traders can find opportunities. Broader indices might stay range-bound, but momentum remains in selective pockets.”
— Market Analyst, Motilal Oswal Securities

“Midcaps like Sona BLW and PSU names like ONGC could outperform in the coming sessions as domestic investors rotate portfolios post-expiry.”
— Technical Desk, ICICI Direct

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📆 Conclusion

The final trading day of October 2025 is expected to remain stock-specific and event-driven.
While Nifty may continue consolidating, these five counters—ONGC, Sona BLW, Indus Towers, Coforge, and Fineotex Chemical—offer clear trading opportunities with defined risk–reward setups.

Traders should remain alert to global developments but can focus on these momentum plays for short-term opportunities.

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