Sensex Prediction for Tomorrow: 74,000 Call Wall Caps Gains Before Thursday Expiry (28 October 2026)
- September 28, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Sensex 73,598.67 (-0.01%), range 73,179.41 to 73,762.98. Weekly PCR 1.09. Call wall at 74,000. Weekly expiry on Thursday. Fed decision Wednesday evening.
Quick Answer
The Sensex closed at 73,598.67 (-0.01%) on Tuesday, almost unchanged after a 584-point trading range. Analysts Ankit Jaiswal and Kunal Singla are watching 73,500 as support and 74,000 as resistance for Wednesday. Call writers added heavily at 74,000 and 74,500 on the weekly series, which caps the upside for now. A close above 73,763 would turn the bias constructive, while a slide below 73,179 would weaken it.
The Sensex prediction for tomorrow begins with a flat close that followed a lot of movement. The index opened 122 points lower, dipped to 73,179.41, rose to 73,762.98 and then drifted back to 73,598.67.
Ankit Jaiswal, Senior Research Analyst at Univest, flags that the Sensex has now stayed within 73,179 and 73,763 for a full session after Monday’s 1,092-point rebound, which suggests the market is digesting that gain. Kunal Singla, Associate Director at Univest, suggests watching the 74,000 strike, because call writers are building a wall there ahead of Thursday’s weekly expiry.
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How the Sensex Traded on Tuesday
- The Sensex closed at 73,598.67, down 8.08 points (-0.01%), against a previous close of 73,606.75.
- The session ranged from 73,179.41 to 73,762.98, so the index finished 164 points below its high.
- The Nifty 50 closed at 22,749.75 (-0.02%) and Bank Nifty fell 0.72% to 53,974.90.
- India VIX fell 4.43% to 16.40.
- Broader indices did better: Nifty Midcap 100 gained 0.92% and Nifty 500 gained 0.58%.
- Foreign institutions sold shares worth Rs 1,462.49 crore on Monday while domestic institutions bought Rs 2,609.57 crore, per provisional data. Tuesday’s figures are not yet out.
- Most active stocks: HDFC Bank (about 4.03 crore shares), Eternal (about 2.85 crore) and ITC (about 2.76 crore).
Bharti Airtel, Maruti Suzuki and Eternal were among the stronger large names, while State Bank of India, TCS, IndusInd Bank, Axis Bank, ICICI Bank and HDFC Bank each lost more than 1%. The split kept the headline index close to flat.
Sensex Prediction for Tomorrow: Support, Resistance and Trend
The Sensex prediction for tomorrow is neutral. The index has closed above 73,000 since Monday’s rebound, but it has not yet closed above the 73,763 high from Tuesday.
| Index | Close | Trend | Support | Resistance |
|---|---|---|---|---|
| Sensex | 73,598.67 | Neutral | 73,500, 73,179 and 73,000 | 73,763, 74,000 and 74,500 |
The 73,500 level sits just under the close and is the second-largest put base. The 73,179 level is Tuesday’s low, and 73,000 is the largest put base on the weekly series.
What the Weekly Option Chain Shows
| Strike | Call OI (lakh) | Put OI (lakh) | Reading |
|---|---|---|---|
| 73,000 | 3.1 | 8.3 | Largest put base |
| 73,500 | 7.6 | 7.3 | Calls and puts both heavy, near the close |
| 74,000 | 10.6 | 2.9 | Largest call wall, writers added 4.7 lakh |
| 74,500 | 7.4 | 0.7 | Outer call hurdle, writers added 3.8 lakh |
Call writers added contracts at 73,500, 73,700, 74,000, 74,300 and 74,500 during the day, while put additions were smaller. That layout leaves a wide band between 73,000 and 74,000 where the index can move, with the upper edge better defended than the lower.
The series expires on Thursday, 29 October, so these positions can change quickly. The Fed decision on Wednesday evening, India time, will add to that.
Sensex Heavyweights to Watch Tomorrow
The Sensex tracks a compact set of large companies, so individual moves count. These names are not buy calls, and each should be checked against your own risk plan before acting.
| Stock | Tuesday’s Move | What to Watch on Wednesday |
|---|---|---|
| Bharti Airtel | +3.20% to Rs 1,978.80 | Closed on its high of the day. Watch whether the move holds above Rs 1,950.00. |
| Maruti Suzuki | +2.05% to Rs 11,450.00 | Reported a September-quarter net profit of Rs 2,414.9 crore. Watch Rs 11,460.00, the day high. |
| HDFC Bank | -1.14% to Rs 680.20 | The largest weight and the most traded stock. Watch Rs 678.65, the day low. |
| State Bank of India | -1.63% to Rs 945.10 | Closed at its low of the day. Watch whether it stabilises near Rs 945.10. |
| TCS | -1.50% to Rs 2,496.90 | Traded between Rs 2,465.40 and Rs 2,534.90. Watch the lower end of that range. |
| Eternal | +1.67% to Rs 331.00 | Active with about 2.85 crore shares. Watch Rs 331.45, the day high. |
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Global Signals for the Sensex
- US stocks ended higher on Monday, with the Nasdaq 100 up about 1.1%, according to market reports.
- Japan’s Nikkei rose about 1.8% and South Korea’s Kospi rose about 4.0% on Tuesday morning.
- Brent crude traded near 115 dollars on Tuesday morning, close to a six-month high.
- The US Federal Reserve announces its decision at 2:00 pm Eastern time on Wednesday, followed by the European Central Bank on 29 October.
Calendar for the Sensex Tomorrow
- First session of the November series for Nifty and Bank Nifty options.
- Tentative listing of Jio Platforms on NSE and BSE on Wednesday, 28 October.
- Maruti Suzuki trades after its September-quarter results.
- Sensex weekly expiry on Thursday, 29 October.
Sensex Prediction for Tomorrow: Strategy for Traders
- Watch the 73,500 line in the first hour, since a slide under it would put the day’s low in play.
- Treat a close above 73,763 as the first sign of strength, and plan exit levels before entering any trade.
- Track HDFC Bank, ICICI Bank and Bharti Airtel together, because their weights can swing the index.
- Keep sizes modest, since the Jio listing and the Fed decision can both change the mood late in the day.
Track live Sensex levels and stock movers on the Univest Screener
What Does Sentiment Indicate for the Sensex?
Sentiment is balanced. The weekly put-call ratio of 1.09 is lower than the 1.42 recorded a day earlier, which shows that call positions grew faster than put positions.
Ankit Jaiswal suggests that a close above 74,000 would be the first sign of a change in trend. Kunal Singla flags that India VIX at 16.40 shows that traders still pay a premium for protection.
Risks to the Sensex Prediction for Tomorrow
- A hawkish Fed message could weigh on emerging markets and on banking stocks, with the effect seen on Thursday.
- Brent crude near 115 dollars could raise inflation and rupee pressure.
- Continued weakness in HDFC Bank and ICICI Bank could pull the index toward 73,000.
- On the upside, a strong Jio Platforms debut or a drop in crude could take the index through 74,000 sooner than expected.
Conclusion
The Sensex prediction for tomorrow is neutral, with 73,500 and 73,179 as support and 73,763 and 74,000 as resistance. Ankit Jaiswal and Kunal Singla suggest watching how the index behaves around 73,500 in the opening hour. These are educational views, so check every level against your own risk plan.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is the Sensex prediction for tomorrow, 28 October 2026?
Ans. The Sensex closed Tuesday at 73,598.67, down 8.08 points (-0.01%), after a range of 73,179.41 to 73,762.98. Analysts at Univest are watching 73,500 as support and 74,000 as resistance for Wednesday. The bias is neutral, and a close above 73,763 would turn it constructive.
What are the Sensex support and resistance levels for tomorrow?
Ans. Support is placed at 73,500 and 73,179, with 73,000 as the deeper line. Resistance is placed at 73,763, which was Tuesday’s high, and then 74,000 and 74,500. On the weekly series that expires on Thursday, 29 October, call open interest is heaviest at 74,000 and put open interest is heaviest at 73,000.
What does the Sensex put-call ratio of 1.09 mean?
Ans. A ratio of 1.09 on the weekly series means put open interest is about 9% larger than call open interest, which points to a balanced market with a slight tilt toward support. Call writers were more active than put writers on Tuesday, adding about 4.7 lakh contracts at 74,000 and 3.8 lakh at 74,500. That makes the upside more limited than the downside for now.
Why was the Sensex flat on Tuesday?
Ans. The index opened 122.37 points lower at 73,484.38 and moved within a 584-point band. Pharma, autos and FMCG gained, with Nifty Pharma up 1.91%, while HDFC Bank, ICICI Bank, State Bank of India and TCS each fell more than 1%. Bharti Airtel rose 3.20% and Maruti Suzuki rose 2.05%, which helped hold the index near its previous close.
Which Sensex stocks are on the watchlist for tomorrow?
Ans. Bharti Airtel, Maruti Suzuki, HDFC Bank, State Bank of India, TCS and Eternal are the names flagged for Wednesday. These are watchlist ideas, not buy calls, and each should be checked against your own risk plan before acting.
Is this Sensex prediction for tomorrow investment advice?
Ans. No. These are educational views from SEBI-registered research analysts at Univest, built on closing data and options positioning. Please consult a SEBI-registered advisor and check every level against your own risk plan before acting.
