Fairness markets ended the week on a softer notice, with each the Nifty 50 and the Sensex opening decrease and slipping additional by the session. Regardless of exhibiting resilience by holding above key transferring averages, the benchmarks got here underneath regular promoting stress and closed close to the day’s lows. Momentum indicators remained comfortably under overbought ranges, suggesting that the latest moderation was extra of a pause than a reversal within the broader development.
Throughout sectors, most indices completed in destructive territory, reflecting widespread weak spot. FMCG shares have been the uncommon vivid spot, managing modest features at the same time as metallic, defence, and realty counters noticed notable declines. International cues have been largely subdued as properly, with main Asian markets retreating sharply, although U.S. futures hinted at some optimism. For the week, the headline indices nonetheless managed marginal features, supported partially by sustained home participation, underscored by the continued rise in demat account openings amid sturdy curiosity in new listings.
On this overview, we are going to analyse the important thing technical ranges and development instructions for Nifty and BSE Sensex to watch within the upcoming buying and selling periods. All of the charts talked about under are primarily based on the 15-minute timeframe.
NIFTY 50 Chart & Worth Motion Evaluation
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The Nifty 50 Index opened on a destructive notice at 26,109.55 on Friday, down by 82.6 factors from Thursday’s closing of 26,192.15. The index opened on a gap-down notice and dragged all the way down to the 26,056 degree within the morning session, buying and selling under the 26,100 degree. The Index was buying and selling throughout the vary of 26,050 and 26,200. Within the afternoon session, the index shaped a rangebound and reached its day low at 26,052.20 and settled close to the 26,050 degree, ending the session on a Bearish notice.
The Nifty index had reached a day’s excessive at 26,179.20 and noticed a day’s low at 26,052.20. Lastly, it had closed at 26,068.15, within the pink, under the 26,100 degree, down 124 factors, or 0.47%. Within the quick time period, the Index was above the 13/20 day EMA within the each day time-frame.
The Index’s nearest resistance ranges are at 26,170.2 (R1) and 26,246.65 (R2), which is the 52-week excessive for the index. Then again, the closest assist is now at 26,052.45 (S1) and 25,855.25 (S2), which was a earlier resistance degree however has was assist. If the index falls under this, the subsequent sturdy assist degree to observe is at 25,741.52 (S3).
Commerce Setup:
| Nifty 50 | |
| Resistance 2 | 26,246.65 |
| Resistance 1 | 26,170.20 |
| Closing Worth | 26,068.15 |
| Help 1 | 26,052.45 |
| Help 2 | 25,855.25 |
| Help 3 | 25,741.52 |
NIFTY 50 Momentum Indicators Evaluation
RSI (Every day): The Nifty 50’s RSI stood at 61.95, which is under the overbought zone of 70, indicating bullish sentiment and room to develop greater.
Bollinger Bands (Every day): The index is buying and selling within the higher band of the Bollinger Band vary (Easy Transferring Common). Its place within the higher vary suggests a bullish sentiment and in Friday’s session, the Index shaped a capturing star candlestick sample within the each day time-frame, which signifies a bearish reversal sign. The index took assist close to 26,052.2, and 26,179.2 acted as a resistance degree. A sustained transfer above the center band indicators a bullish sentiment, whereas a drop again towards the decrease band might reinforce bearish sentiment.
Quantity Evaluation: Friday’s buying and selling session had a median quantity of 235.58 Mn.
Derivatives Knowledge: Choices OI signifies sturdy Put writing at 26,050, adopted by 26,000, establishing a robust assist zone. On the upside, a big Name OI buildup at 26,100 and 26,200 suggests a possible provide of resistance. PCR (Put/Name Ratio) stands at 1 (=1), leaning in direction of impartial sentiment, and the Quick Buildup signifies a robust bearish sentiment, thus general indicating a impartial to bearish outlook for the subsequent buying and selling session.
Financial institution Nifty Chart & Worth Motion Evaluation
The Financial institution Nifty Index additionally opened on a destructive notice at 59,116.70 on Friday, which was down by 231 factors from Thursday’s closing of 59,347.70. The index was buying and selling throughout the vary of 58,800 and 59,250 within the morning session, following a gap-down notice. Within the afternoon session, the index shaped a rangebound and reached the day’s low on the 58,823.65 degree and settled under the 58,850 degree. It traded within the vary of 58,800 and 59,150, ending the day close to the 58,850 mark.
The Financial institution Nifty index had peaked at 59,232.15 and made a day’s low at 58,823.65. Lastly, it had closed in pink at 58,867.70, ending close to the 58,850 degree, dropping 480 factors or 0.81%. The Relative Energy Index (RSI) stood at 63.68, under the overbought zone of 70 within the each day time-frame. Within the quick time period, the Index was above the 13/20 day EMA within the each day time-frame.
The closest resistance degree is at 59,157 (R1) and the next resistance degree is at 59,440.10 (R2), which is the all-time excessive for the index. Then again, the closest assist is now at 58,688.55 (S1), which was the earlier resistance degree however has was assist. If the index falls under this, the subsequent main assist degree to observe is at 58,152.95 (S2).
Commerce Setup:
| Financial institution Nifty | |
| Resistance 2 | 59,440.10 |
| Resistance 1 | 59,157.00 |
| Closing Worth | 58,867.70 |
| Help 1 | 58,688.55 |
| Help 2 | 58,152.95 |
BSE Sensex Chart & Worth Motion Evaluation
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The BSE Sensex Index opened on a destructive notice at 85,347.40 on Friday, down by 285.28 factors from Thursday’s closing of 85,632.68. The Sensex index opened on a gap-down notice and dragged all the way down to the 85,195 degree, buying and selling within the vary of 85,150 and 85,650 through the morning session. Within the afternoon session, the index fell as little as 85,187.84, marking its day’s low and settling above the 85,200 degree. The Index was buying and selling between the vary of 85,150 and 85,600 through the afternoon session.
The BSE Sensex index had peaked at 85,609.40 and made a day’s low at 85,187.84. Lastly, it had closed at 85,231.92 in pink, dropping 400.76 factors or 0.47%. The Relative Energy Index (RSI) stood at 63.38, close to the overbought zone of 70 within the each day time-frame. Within the quick time period, the Index was above the 13/20 day EMA within the each day time-frame.
The index faces speedy resistance at 85,801.70 (R1), a degree close to its 52-week excessive. On the draw back, assist lies at 85,201 (S1) and 84,600 (S2), which was a earlier resistance and now acts as assist. Whereas, the subsequent assist degree (S3) is at 84,029 and (S3).
Commerce Setup:
| Sensex | |
| Resistance 1 | 85,801.70 |
| Closing Worth | 85,231.92 |
| Help 1 | 85,201.00 |
| Help 2 | 84,600.00 |
| Help 3 | 84,029.00 |
Market Recap on November twenty first, 2025
On Friday, the Nifty 50 opened barely decrease at 26,109.55, down by -82.65 factors from its earlier shut of 26,192.15. The index hit an intraday low of 26,052.2 and closed under the 26,100 degree at 26,068.15, down -124 factors, or 0.47%. The index closed above all key transferring averages (20/50/100/200-day EMAs) on the each day chart.
The BSE Sensex adopted the identical trajectory, opening on a destructive development at 85,347.4, down -285.28 factors from the earlier shut of 85,632.68. It closed at 85,231.92, down -400.76 factors, or 0.47%. Each indices confirmed excessive momentum, with RSI values for the Nifty 50 at 61.95 and the Sensex at 63.38, under the overbought threshold of 70. The market witnessed promoting stress on Friday and ended close to the day’s low.
A lot of the indices resulted in pink on Friday. The one index that resulted in inexperienced was the Nifty FMCG index, which was the key gainer, rising 0.1% or 78 factors and standing at 55,504.7. Shares equivalent to Tata Client Merchandise Ltd rose 0.8%, adopted by United Spirits Ltd and ITC Ltd, which elevated by as much as 0.8% on Friday.
Then again, the Nifty Metallic index was the key loser, falling -2.3% or -243.5 factors, and standing at 10,142.55. Shares equivalent to Hindustan Copper Ltd fell -4%, adopted by Lloyds Metals & Vitality Ltd and Metal Authority of India Ltd, which decreased by as much as 3.2% on Friday. The Nifty India Defence index was additionally among the many greatest losers, falling -2.2% or -180.45 factors, and standing at 8,116.4.
Shares equivalent to Dynamatic Applied sciences Ltd have been down -5.5% on Friday. Whereas different defence shares like Backyard Attain Shipbuilders, Paras Defence, and MTAR Applied sciences additionally decreased by as much as -3.6%. The Nifty Realty index was additionally among the many prime losers, falling -1.9% or -17.2 factors, and standing at 905.6.
Asian markets had a destructive sentiment on Friday. Japan’s Nikkei 225 decreased by -1,198.06 factors or -2.4%, closing at 48,625.88. Whereas China’s Shanghai Composite decreased by -96.16 factors, or -2.45%, to three,834.89. Hong Kong’s Grasp Seng Index decreased by -615.55 factors, or -2.38%, to shut at 25,220.02. South Korea’s KOSPI fell by -151.59 factors or -3.79%, closing at 3,853.26.
At 4:19 p.m. IST, U.S. Dow Jones Futures have been up, rising 0.24% or 110 factors, at 45,935. This week, the broad indices Nifty 50 and Sensex rose by 0.39% and 0.5%, respectively. India’s demat accounts surge to a file 21 crore amid an IPO growth.
India VIX
The India VIX rose 1.49 factors (12.32%) from 12.14 to 13.63 throughout Friday session, indicating an enormous uptick in anticipated market volatility. Nonetheless, general volatility stays low, because the India VIX is usually thought-about elevated solely when it rises above 15.
Given the continued volatility and combined sentiments, it’s advisable to keep away from aggressive positions and look ahead to clear directional strikes above resistance or under assist. Merchants ought to contemplate these key assist and resistance ranges when getting into lengthy or quick positions following the value break from these crucial ranges. Moreover, merchants can mix transferring averages to establish extra correct entry and exit factors.
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