Nifty Oil and Gas Prediction for Monday, 2 November 2026 (Including F&O)

Oil and Natural Gas Corporation closed at 225.39, down 0.18%. Nifty 50 rose 0.51%. India VIX rose 1.19% to 15.30. Next session is Monday, 2 November.

This nifty oil and gas prediction for monday follows a Friday, 30 October 2026 session in which Oil and Natural Gas Corporation, the lead stock for the space, fell 0.18 percent to Rs 225.39 and Reliance Industries fell 0.21 percent, even as crude oil rose 1.98 percent on MCX.

Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, are tracking sector-specific triggers and F&O positioning through the weekend, with the next trading session on Monday, 2 November 2026.

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What Friday Told Us

• Oil and Natural Gas Corporation closed at 225.39, down 0.18 percent on 30 October 2026.
• The broader Nifty 50 rose 0.51 percent.
• India VIX rose 1.19 percent to 15.30.

Nifty Oil and Gas Prediction for Monday: Key Levels

Oil and Natural Gas Corporation traded between 224.42 and 227.69 on Friday, against a previous close of 225.79, and settled at 225.39. On the downside, 224.42 is the first reference level to watch if the day’s move is tested. On the upside, 225.79 and 227.69 mark the nearest resistance. Univest’s analysts treat these as reference points drawn from Friday’s trading range, not as targets.

The sector index level was not available in this data pull, so the table tracks Oil and Natural Gas Corporation as the lead constituent for the Oil and Gas space.

Key Drivers for Monday

• ONGC fell 0.18 percent, with a high of 227.69 and a low of 224.42.
• Reliance Industries fell 0.21 percent, so the largest energy weight also slipped.
• Crude oil rose 1.98 percent while natural gas fell 1.70 percent on MCX, a split signal for the group.

Ankit Jaiswal and Kunal Singla suggest revisiting this nifty oil and gas prediction for monday after the first thirty minutes of Monday’s trade.

Anyone following this nifty oil and gas prediction for monday should keep the next session’s opening range in view before reading too much into early moves.

Nothing in this nifty oil and gas prediction for monday is a promise of returns, and every level quoted can fail.

Stocks and Triggers to Watch in the Nifty Oil and Gas Space

ONGC is the largest listed upstream producer and is linked closely to crude and gas prices. Slipping while crude surged shows buyers were not following the commodity, and both stocks lagged the Nifty 50’s 0.51 percent gain.

In short, the nifty oil and gas prediction for monday rests on Friday’s verified close and the weekend risks listed below.

In the F&O segment, the nearest Nifty options expiry is 3 November 2026, the day after Monday. Among the strikes Univest checked, call open interest was highest at the 23,500 strike and put open interest was highest at the 22,700 strike, with a put-call ratio of approximately 1.60. India VIX rose 1.19 percent to 15.30 on Friday, and Univest’s analysts treat these strikes as reference points, not predictions.

Univest’s analysts suggest treating this nifty oil and gas prediction for monday as a preparation note for Monday, 2 November 2026, rather than a signal that changes over the weekend.

These are educational views, not buy calls, and each should be checked against your own risk plan before acting.

How Friday’s Broader Session Unfolded

The Nifty 50 closed at 23,053.10, up 0.51 percent, with a high of 23,118.10 and a low of 22,905.10. The Sensex closed at 74,459.53, up 0.42 percent, while the Bank Nifty closed at 54,686.95, down 0.41 percent. India VIX, the market’s fear gauge, rose 1.19 percent to 15.30, after ranging between 14.47 and 15.70 during the session. The Nifty 50 gained about 2.0 percent over the week from last Friday’s close of 22,600.00 and is about 0.4 percent below its close of 23,146.15 on 16 October. The Nifty Midcap 50 fell 0.86 percent and the Nifty Next 50 fell 0.61 percent, so the broader market lagged the headline index. Nifty IT rose 2.32 percent and Nifty Pharma rose 1.55 percent, while Nifty PSU Bank fell 0.93 percent and Nifty Auto fell 0.87 percent. The trigger for the split between large and broader stocks was not independently confirmed.

This nifty oil and gas prediction for monday will be most useful when read alongside the support and resistance table above.

Analyst View for Monday

Kunal Singla suggests that ONGC can hold above 224.42, Friday’s low, with 225.79 the resistance to clear.

Ankit Jaiswal flags that crude rose and the stocks did not follow, so the commodity is not leading the equities right now.

A fair reading of this nifty oil and gas prediction for monday is that Friday’s data sets the context, while Monday’s first hour decides how much of it carries forward.

Why This Is Written for Monday

This nifty oil and gas prediction for monday is written after the close on Friday, 30 October 2026, using Friday’s closing data, for the next regular trading session on Monday, 2 November 2026. Indian equity markets are closed on Saturday, 31 October, and Sunday, 1 November, so Friday’s closing prices remain the last cash-market data until trading resumes on Monday. Treat it as a briefing to prepare for that session, not a live call that updates over the weekend.

Track the Nifty Oil and Gas Space on Univest Screeners

Readers comparing views should note that this nifty oil and gas prediction for monday draws only on Friday’s closing numbers and the factors listed here.

Risks to This Prediction

• A pullback in crude oil would remove support from upstream stocks.
• Natural gas fell 1.70 percent, a drag for gas-linked names.
• Both stocks lagged the broader market’s gain.

As with any nifty oil and gas prediction for monday, the opening minutes of Monday’s trade will confirm or challenge the levels discussed here.

The nifty oil and gas prediction for monday also depends on India VIX, so a fresh rise in volatility would weaken the case made here.

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Conclusion

The nifty oil and gas prediction for monday leans steady into 2 November 2026, with broader Nifty 50 direction and India VIX as the key variables to track. Ankit Jaiswal and Kunal Singla will revisit this view once Monday’s opening trade confirms direction.

For traders, this nifty oil and gas prediction for monday is a framework for planning risk, with position size and stop levels left to the individual.

Disclaimer: Investments in securities are subject to market risk. Read all related documents carefully before investing. The information provided here is for educational purposes only and does not constitute investment advice. Univest is a SEBI-registered investment adviser (Registration No. INH000013776). Past performance is not indicative of future returns.

Frequently Asked Questions

What is the nifty oil and gas prediction for monday?

Ans. It is steady for 2 November 2026, after Oil and Natural Gas Corporation, the lead constituent, closed at 225.39 on Friday, down 0.18 percent.

Why is this a prediction for Monday, 2 November 2026?

Ans. Because Indian equity markets are closed on Saturday and Sunday, so the next regular trading session after Friday, 30 October 2026, is Monday, 2 November 2026.

Why did ONGC fall on Friday?

Ans. ONGC fell 0.18 percent even as crude oil rose 1.98 percent. The specific trigger was not independently confirmed.

What are the key levels for oil and gas on Monday?

Ans. ONGC’s low of 224.42 is the nearest support below the price, while the previous close of 225.79 and Friday’s high of 227.69 are the nearest resistance.

Is this a buy or sell call?

Ans. No. This is an educational outlook from Univest’s research team, not a buy or sell call. Traders should check any view against their own risk plan before acting.