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Published on 18-11-2025 11:38 am

Nifty

Nifty opened the week on a strong footing, and a decisive move above 26050 on an immediate basis is likely to further accelerate the uptrend towards 26330, aided by a potential short squeeze into the weekly expiry. The formation of a ‘Rising Three’ candlestick pattern on the weekly chart—appearing after the breakout above 25700—strongly signals continuation of bullish momentum. Momentum indicators support this strength as both daily indicators remain firmly aligned with the prevailing uptrend. On the downside, immediate support is seen at 25700, while the pattern support at 25440 remains crucial for maintaining the broader bullish structure. Options data reflects 25800 as the near-term base, while resistance for the week is likely near 26500 once above 26000.The market appears poised to accelerate its bullish momentum in the coming sessions. Traders may consider initiating aggressive fresh long positions above 26050, targeting 26330 initially, followed by 27000. Protective stops should be placed below 25440 for now and trailed higher as the trend advances to ensure effective risk management.

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Published on 18-11-2025 11:23 am

NIFTY

Nifty opened with an flat note and witnessed consolidation for most part of the session. However last hour pullback action pulledindexhigherto close near the day's high.. Nifty closed at 26013 with a gain of 103 points. On the daily chart the index has formed a small bullishcandleforming higher High-Low formation compare to previous session indicating positive bias. The chart pattern suggests that if Nifty crossesandsustains above 26050 level it would witness buying which would lead the index towards 26100-26150 levels. Important Supports for thedayisaround 25900 However if index sustains below 25900 then it may witness profit booking which would take the index towards 25800-25700levels.

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Published on 18-11-2025 10:43 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 18-11-2025 10:43 am

Technical Outlook:

* Bank Nifty opened the week with a constructive gap-up, with intraday pullbacks consistently being absorbed by strong buying interest. The index eventually settled near the day’s high, resulting in a decisive bullish candle on the daily chart, indicating the prevailing positive bias.

* The index continues to trade within a rising channel, consistently forming higher-highs-lows, which enabled it to convincingly surpass the previous all-time high (58,577). 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 tenth-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 18-11-2025 10:43 am

Nifty Bank : 58963

Technical Outlook

Day that was:

The Bank Nifty extended its winning streak for seventh-consecutive session while clocking a fresh all-time high again to settle at 58,969, up 0.76%. The Nifty PSU Bank index continued to outperform the benchmark to close at 8,491 up 1.09%.

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