Nifty Oil and Gas Prediction for Tomorrow, 11 November 2026 (Including F&O)
- November 10, 2026
- Posted by: Kunal Singla
- Category: Uncategorized
ONGC fell 0.55% to 233.50. Nifty 50 rose 0.23% to 25,044.65 on Monday. India VIX fell 5.48% to 17.42. Next regular session is tomorrow, Wednesday, 11 November.
Quick Answer
The nifty oil and gas prediction for tomorrow is mildly cautious for Wednesday, 11 November 2026. ONGC fell 0.55 percent to 233.50 on Monday after opening at 236.00 and trading between 233.00 and 236.78. The stock briefly traded above the previous close of 234.80 and then faded on volume of about 19.7 million shares.
This nifty oil and gas prediction for tomorrow follows a Monday, 9 November 2026 session in which ONGC, the lead stock for the oil and gas space, fell 0.55 percent to Rs 233.50, closing just 0.50 rupees above its low of 233.00.
Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, are tracking sector-specific triggers and F&O positioning ahead of the market reopening. Indian equity markets are closed today, Tuesday, 10 November 2026, for Diwali Balipratipada, so Monday’s close is the latest data available.
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What Monday Told Us
- ONGC fell 0.55 percent to Rs 233.50, with a high of 236.78 and a low of 233.00.
- Nifty 50 rose 0.23 percent to 25,044.65, measured against Sunday’s Muhurat session close.
- India VIX fell 5.48 percent to 17.42.
- Most active among the stocks Univest tracked: HDFC Bank (about 64.8 million shares), Zee Entertainment (about 44.8 million) and ICICI Bank (about 27.5 million).
Nifty Oil and Gas Prediction for Tomorrow: Key Levels
ONGC traded between 233.00 and 236.78 on Monday, against a previous close of 234.80 (the close of Sunday’s Muhurat session), and settled at 233.50. On the downside, 233.00 is the first reference level to watch if the day’s move is tested. On the upside, 234.80, 236.00 and 236.78 mark the nearest resistance. Univest’s analysts treat these as reference points drawn from Monday’s trading range, not as targets.
| Trend | Support | Resistance |
|---|---|---|
| Negative | 233.00 | 234.80, 236.00, 236.78 |
Univest tracks ONGC as the lead constituent for the Nifty Oil and Gas space, so the levels above are for ONGC, not the index. The previous close is Sunday’s Muhurat session close.
For traders, the nifty oil and gas prediction for tomorrow is a framework for planning risk, with position size and stop levels left to the individual.
Key Drivers for Wednesday
- ONGC fell 0.55 percent, with a high of 236.78 and a low of 233.00.
- MCX crude oil settled 4.02 percent below its open, which is a negative cue for producers like ONGC.
- Reliance Industries edged up 0.03 percent to Rs 1,324.40, so the heavyweight held steady.
Ankit Jaiswal and Kunal Singla suggest revisiting this nifty oil and gas prediction for tomorrow after the first thirty minutes of Wednesday’s trade.
Anyone following the nifty oil and gas prediction for tomorrow should keep the opening range in view before reading too much into early moves after the holiday break.
Nothing in this nifty oil and gas prediction for tomorrow is a promise of returns, and every level quoted can fail.
Stocks and Triggers to Watch in the Nifty Oil and Gas Space
ONGC’s earnings track crude oil realisations, so a sharp fall in crude is a direct concern. Oil marketing companies can gain from lower crude, so the group can split in two directions, and the net effect depends on the index mix.
In the F&O segment, the Nifty options data Univest checked shows the nearest expiry on 17 November 2026. Call open interest was highest at the 25,500 strike and put open interest at the 25,000 strike, with a put-call ratio of approximately 1.13, while India VIX fell 5.48 percent to 17.42. Univest’s analysts treat these strikes as reference points for the broader market, not as predictions for Nifty Oil and Gas.
In short, the nifty oil and gas prediction for tomorrow rests on Monday’s verified close and the holiday-gap risks listed below.
These are educational views, not buy calls, and each should be checked against your own risk plan before acting.
How Monday’s Broader Session Unfolded
The Nifty 50 closed at 25,044.65 on Monday, up 0.23 percent from Sunday’s Muhurat close of 24,986.40 and about 14 points above Friday’s regular close of 25,030.35. It opened at 25,076.40, slipped to a low of 24,838.75 and recovered about 206 points to finish roughly 39 points below the day’s high of 25,084.05. The Sensex closed at 81,106.65, up 0.13 percent, while the Bank Nifty closed at 59,741.25, up 1.51 percent, at the high of the day. Nifty Next 50 rose 1.11 percent, Nifty Midcap 50 rose 0.53 percent and the Nifty 500 rose 0.33 percent, so the rise reached beyond the index heavyweights. Nifty PSU Bank jumped 3.73 percent and Nifty Pharma rose 1.65 percent, while Nifty IT fell 1.22 percent and Nifty Metal fell 0.46 percent. India VIX, the market’s fear gauge, fell 5.48 percent to 17.42 from 18.43, a sign that traders priced in smaller swings by the close than at the open. NSE’s holiday calendar shows equity trading is closed on Tuesday, 10 November 2026, for Diwali Balipratipada, and resumes on Wednesday, 11 November. The trigger for Monday’s moves was not independently confirmed.
Placed against that backdrop, the nifty oil and gas prediction for tomorrow reads Monday’s move in the context of a broader market that closed higher.
Analyst View for Wednesday
Kunal Singla suggests that ONGC needs to hold above 233, Monday’s low, while a close above 234.80 would improve the tone.
Ankit Jaiswal flags that opening higher and closing near the low is a soft pattern, and crude oil is the variable to track.
Both analysts stress that the nifty oil and gas prediction for tomorrow is a view built on levels and data, not a forecast of returns.
A fair reading of this nifty oil and gas prediction for tomorrow is that Monday’s data sets the context, while Wednesday’s first hour decides how much of it carries forward.
Why This Is Written for Tomorrow
This nifty oil and gas prediction for tomorrow is written on Tuesday, 10 November 2026, using the latest closing data from Monday, 9 November 2026, for the next regular trading session tomorrow, Wednesday, 11 November 2026. NSE and BSE are closed today for Diwali Balipratipada, so there is no fresh equity close between Monday and Wednesday’s open. A special Muhurat session ran on Sunday, 8 November from 2:20 PM to 3:30 PM, and the change figures here are measured against its close.
Because the market is shut today, the nifty oil and gas prediction for tomorrow relies on Monday’s close rather than any live price.
Overseas markets and currency moves during the holiday can open Wednesday with a gap in either direction. Treat this as a briefing to prepare for the reopening, not a live call that updates through the day.
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Risks to This Prediction
- A further fall in crude oil would weigh on producers.
- A rebound in crude could lift ONGC quickly.
- The close near the low leaves the stock exposed to a gap lower.
Readers comparing views should note that this nifty oil and gas prediction for tomorrow draws only on Monday’s closing numbers and the factors listed here.
As with any nifty oil and gas prediction for tomorrow, the opening minutes of Wednesday’s trade will confirm or challenge the levels discussed here.
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Conclusion
The nifty oil and gas prediction for tomorrow leans mildly cautious into 11 November 2026, with crude oil prices and energy stock moves as the key variables to track. Ankit Jaiswal and Kunal Singla will revisit this view once Wednesday’s opening trade confirms direction.
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 tomorrow?
Ans. It is mildly cautious for 11 November 2026, after ONGC fell 0.55 percent to 233.50 on Monday.
Why is this a prediction for tomorrow, 11 November 2026?
Ans. Because this note is published on Tuesday, 10 November 2026, and the next regular trading session is tomorrow, Wednesday, 11 November 2026. Indian equity markets are closed today for Diwali Balipratipada, so the latest closing data is from Monday, 9 November 2026.
Why did ONGC fell on Monday?
Ans. ONGC fell 0.55 percent while the Nifty 50 rose 0.23 percent. The specific trigger was not independently confirmed.
What levels matter for ONGC tomorrow?
Ans. Support sits near 233.00. Resistance sits near 234.80, 236.00 and 236.78.
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.
