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Below the Quote on Market Wrap 12th November 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities

Today, the benchmark indices continued their positive momentum. The Nifty ended  181 points higher, while the Sensex was up by  595 points. Among sectors, IT outperformed, rallying nearly  2 percent, whereas despite strong momentum, intraday profit booking was seen in selective Reality and Défense stocks. Technically, after a gap-up open, the market maintained positive momentum throughout the day. On intraday charts, the market is showing a continuation of the uptrend, which supports further upward movement from the current levels.

For trend-following traders,  25775/84300 and  20-day SMA (Simple Moving Average) or 25700/84000 would act as a key support zone. As long as the market is trading above this level, the bullish sentiment is likely to continue. On the higher side, the market could move up to 26000/84800. Further upside may also push the index up to 26100/85000.