MUMBAI: October Qatber equity can bring some relief for investors, with a probability of a profit of the seasonal trends in the monthly trends.

Over the past 10 years, the benchmark Nifty and the broad Nifty have closed more of the previous 10 occasions during the 500 months. Nevertheless, analysts said that market procedures could be banned next week, in the absence of a fresh catalyst, the indices were stuck in the compressed range.

“We are expected to remain in the range of 24,300-25,400,” said Shriram Velayudhan, “We have taken steps in the October Chatber,” said Sriram Velayudhan, senior Vice President of IIFL Capital Services. “Factors such as tariff resolution, FIIs sell and lack of clarity on the busy primary market pipeline can also keep the indicators range-bound.” This month, big IPOs like Tata Capital, LG and Varkwork are to be hit in the market.

Motilal Oswal Financial Services Data showed that the Nifty and Nifty 500 in October have benefited the average of 0.6% and 0.7% in the last decade respectively.

In September, the Nifty and the Nifty 500 rose 0.8% and 1.2%, respectively.

Chandan Taparia, the head of the technical and derivatives research of Motilal Oswal Financial Services, said, “The recent recovery from the current levels seems likely, looking at a recent improvement, potential GST -led motion and festive consumption.” Taparia noted that the immediate support for the Nifty is at 24,400, likely to move to 25,250 in the near term.

On the contrary, the US The benchmarks showed a mixed seasonal in October Chatber. The S&P 500, Dow Jones and Nasdaq 100 have gained only five in the last ten years, though the average return for all three indicators is between 1.3% and 2%.

“When US indicators are witnessed in October, Season Tuni is witnessed in October,” Taparia said, in such patterns, Histor has a spillover spillover in the Indian markets.

Velaydon added that the earnings season would also be seen closely. He said, “By the end of the month, in case of progress on tariff resolution, the recovery procurement rally cannot be ruled out.”