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Published on 17-11-2025 11:19 am

Intraday Rational:

* Trend- Higher-high-low formation in the vicinity of 20-day EMA

* Levels: Buy on declines near 80% retracement of previous day upmove(58380-58690)

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Published on 17-11-2025 11:19 am

Technical Outlook:

* Bank Nifty began the week on a strong note and maintained steady buying traction through-out the week. As a result, weekly price action shaping a prominent bullish candle that reinforces the ongoing trend strength.

* Following three weeks of narrow consolidation, Bank Nifty has finally witnessed a decisive breakout, triggering a strong upward move and printing a fresh all-time high. The index wrapped up the week above the 58,500 zone, with the (PSU banks) has been outperforming, and private sector banks are expected to catch up which is shying away 2% from it all-time high, that could further support the ongoing upside momentum. Going ahead, a sustained strength above the 58,500 mark would open the door for the next leg of the up move towards the revised target of 60,000, which based on the measured move projection derived from the current consolidation range.

* At present, the index is hovering near record territory, 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 56,900, being 61.8% retracement of the ongoing advance (55,727–58,577) and recent gap support.

* 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 eleven-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 17-11-2025 11:18 am

Nifty Bank : 58517

Technical Outlook

Week that was:

The Bank Nifty posted a new lifetime high after a 2-week pause, finishing the week at 58,517, up 1.11%. The Nifty Private Bank index also moved in sync, closing at 28,192 with a gain of 0.92%.

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Published on 17-11-2025 11:18 am

Intraday Rational:

* Trend- Structure remains uptrend-friendly above gap-area support(25715-25781)

* Levels- Buy on declines near 80% retracement of previous day upmove(25815-25980)

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Published on 17-11-2025 11:17 am

Key Monitorable for the next week:

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

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