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Published on 19-11-2025 11:17 am

* Intraday Rational:

* Trend- Higher-High and High Low formation

* Levels Buy on declines near 61.8% retracement of previous two days upmove (58380-59067)

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Published on 19-11-2025 11:17 am

Technical Outlook:

* Bank Nifty opened the session on a positive note, extending buying momentum until mid-afternoon. However, the index saw noticeable profit booking in the closing hour, trimming intraday gains. The daily price action formed a minor bear candle with shadows on both ends, indicating range bound consolidation after recent up move.

* The index continues to trade above its recent all-time high breakout point coinciding with gap support (58.590), indicating short-term positive view remains intact. Notably, PSU banks remains in firm leadership, marking fresh record highs, while the private bank index is just 1.5% away of its peak, hinting at a potential catch-up move that could further bolster the ongoing uptrend. Thereby, we reiterate our positive stance and expect the index to gradually resolve higher towards our projected target of 60,000 in the coming month.

* On momentum front, with all key moving averages positioned in a northward slope, reflecting a firm bullish structure. Momentum readings further support this setup, as both daily and weekly RSI continue to hold in the bullish band, reinforcing confidence in the breakout. Hence, focus should be on accumulating quality stocks on dips backed by strong earnings as immediate support is placed near 57,500, being 80% retracement of the ongoing advance (57,157–58,962).

* Historically, there have been 17 instances over the past two decades where Bank Nifty, following a decisive breakout above its previous two-month high, delivered double-digit returns within the subsequent four months. In the current setup, the index has once again confirmed a breakout above its prior two-month high and surpassed the previous all-time peak, reaffirming the prevailing bullish structure. This setup indicates a high-probability continuation pattern for sustained upside momentum in the coming months.

* The PSU Bank Index continues to outperform, maintaining a higher-high, higher-low formation for the eleventh-straight week on the back of strong Q2 earnings. In near term, index is witnessing series of healthy consolidation after sharp up move. However, any dip from hereon should not be construed as negative instead capitalized it as buying opportunity in quality stock as strong support is placed near 7,800, aligning with the 38.2% retracement of the latest rally (6,730–8,391).

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Published on 19-11-2025 11:16 am

Nifty Bank : 58899

Technical Outlook

Day that was:

The Bank Nifty closed the session with a minor fall to settle at 58,899, down 0.11%. The Nifty Private Bank index has outperformed the benchmark to close flat at 28,407 down 0.03%%.

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Published on 19-11-2025 11:15 am

Intraday Rational:

* Trend- Sizable bear candle indicates breather after recent up move

* Levels: Buy on declines near 80%of last two days upmove (25815- 26083)

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Published on 19-11-2025 11:15 am

Key Monitorable for the next week:

* With the Development of India-US tariff negotiations would be key monitorable

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