Daily Technical Report 24th November 2025 by Axis Securities Ltd
Nifty closed at 26,068 on Friday, slipping 124 points. On the daily chart, the index formed a bearish candle with a long upper shadow, signalling profit booking and strong overhead resistance near the all-time high.
Bank Nifty suffered a more significant setback, ending 480 points lower at 58,868. The index printed a sizable bearish candle with a lower high and lower low compared to the previous session. A close below the prior day's low indicates that further weakness may be imminent.
Our trend score analysis suggests a mildly bullish outlook for the Nifty, while the Bank Nifty reflects a bearish bias.
Please find the detailed market insights in the attached report, with pivot levels, key metrics, and performance highlights.
NIFTY
Daily Pivots
BANK NIFTY
Daily Pivots
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