Nifty Oil and Gas Prediction for Monday, 9 November 2026 (Including F&O)

This nifty oil and gas prediction for monday follows a Friday, 6 November 2026 session in which Oil and Natural Gas Corporation, the lead stock for the space, rose 0.77 percent to Rs 231.76 on volume of about 27.5 million shares, while Reliance Industries rose 0.50 percent.

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 regular trading session on Monday, 9 November 2026.

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What Friday Told Us

• Oil and Natural Gas Corporation closed at 231.76, up 0.77 percent on 6 November 2026.
• The broader Nifty 50 rose 2.01 percent.
• India VIX rose 12.77 percent to 17.57.

Nifty Oil and Gas Prediction for Monday: Key Levels

Oil and Natural Gas Corporation traded between 225.30 and 232.11 on Friday, against a previous close of 230.00, and settled at 231.76. On the downside, 230.00 and 225.30 are the first reference levels to watch if the day's move is tested. On the upside, 232.11 marks the nearest resistance. Univest's analysts treat these as reference points drawn from Friday's trading range, not as targets.

Trend	Support	Resistance
Positive	230.00, 225.30	232.11

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 rose 0.77 percent, with a high of 232.11 and a low of 225.30.
• Reliance Industries rose 0.50 percent, so both of the largest energy weights moved the same way.
• Volume of about 27.5 million shares was about 1.6 times Thursday's volume of about 17.2 million.

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. The stock rose even though MCX crude fell 1.73 percent on Friday, so the stock did not track the futures that day. The stock is still about 1.4 percent below Wednesday's close of 235.00.

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 weekly Nifty options expiry in the data is 9 November 2026, which is Monday itself. Among the strikes Univest checked for that series, call open interest was highest at the 25,000 strike and then at 25,500, and put open interest was highest at the 24,600 strike, with a put-call ratio of approximately 1.63. India VIX rose 12.77 percent to 17.57, and Univest's analysts treat these strikes as reference points, not predictions.

Those new to the instrument can use this nifty oil and gas prediction for monday to learn which levels and triggers the desk is tracking.

Univest's analysts suggest treating this nifty oil and gas prediction for monday as a preparation note for Monday, 9 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 25,030.35, up 2.01 percent, and finished at the high of the day after opening almost unchanged and climbing about 642 points from a low of 24,388.05. It closed above the 25,000 mark and about 8.6 percent above last Friday's close of 23,053.10. The Sensex closed at 81,028.02, up 2.17 percent, and the Bank Nifty closed at 59,086.00, up 2.27 percent, also at the day's high. This was the sixth straight daily gain for both the Nifty 50 and the Sensex. India VIX, the market's fear gauge, rose 12.77 percent to 17.57 even as the indices climbed, which points to traders pricing in wider swings. The Nifty Midcap 50 rose 0.33 percent and the Nifty 500 rose 1.01 percent, while the Nifty Smallcap 250 fell 0.84 percent, so large caps led the rise. Nifty Private Bank rose 3.22 percent and Nifty Financial Services rose 2.57 percent, while Nifty IT rose only 0.43 percent and Nifty PSU Bank rose 0.60 percent. NSE's holiday calendar shows regular equity trading is closed on Tuesday, 10 November 2026, for Diwali Balipratipada. The trigger for the broad rise 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 225.30, Friday's low, with 232.11 the resistance to clear.

Ankit Jaiswal flags that a rebound on rising volume is a small positive, but crude futures closed near their low, which is a risk for Monday's open.

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, 6 November 2026, using Friday's closing data, for the next regular trading session on Monday, 9 November 2026. Regular equity trading is closed on Saturday, 7 November. On Sunday, 8 November, NSE and BSE hold a special Muhurat trading session for Diwali Laxmi Pujan from 2:20 PM to 3:30 PM, so prices can move before Monday opens. Treat this as a briefing to prepare for Monday's 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 further fall in crude oil would remove support from upstream stocks.
• A slide below 225.30 would extend the weakness.
• The stock rose while crude futures fell, so the two can move apart.

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 9 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 9 November 2026, after Oil and Natural Gas Corporation, the lead constituent, closed at 231.76 on Friday, up 0.77 percent.

Why is this a prediction for Monday, 9 November 2026?

Ans. Because regular Indian equity trading is closed on Saturday and Sunday, so the next regular session after Friday, 6 November 2026, is Monday, 9 November 2026. A special Muhurat session is scheduled on Sunday, 8 November.

Why did ONGC rise on Friday?

Ans. ONGC rose 0.77 percent while the Nifty 50 rose 2.01 percent. The specific trigger was not independently confirmed.

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

Ans. ONGC's previous close of 230.00 and Friday's low of 225.30 are support below the price, while Friday's high of 232.11 is 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.