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Below the Quote on Pre-market comment 21st November 2025 by Amruta Shinde, Technical & Derivative Analyst, Choice Broking

Indian equities are set for a flat to mildly negative start on November 21, with the GIFT Nifty indicating an opening near 26,171—about 49 points lower. Broader sentiment remains cautiously optimistic amid mixed global cues and the absence of major domestic triggers. In the near term, traders will continue to track global market trends, crude oil price moves, and institutional flows to assess directional clarity.

The Nifty continues to show resilience, having gained nearly 140 points in the previous session and indicating sustained buying interest with a continuation of bullish momentum. The index hovered around the 26,190–26,200 zone, reinforcing its positive undertone. Immediate support is now placed at 26,050–26,100, while resistance stands at 26,300–26,350, signaling a well-defined upward range for the sessions ahead.

The Bank Nifty remained in a sideways-to-bullish structure, indicating steady consolidation with a positive bias. The index moved toward 59,300, marking fresh highs and highlighting persistent strength within financials. Key support is identified at 59,000–59,200, while resistance is positioned at 59,500–59,700, and a breakout beyond this range may accelerate the upward trajectory.

Foreign Institutional Investors (FIIs) continued their buying streak for the second straight session on November 20, with net purchases of Rs.283 crore, while Domestic Institutional Investors (DIIs) added Rs.824 crore.

Given the prevailing volatility and global uncertainties, traders are advised to adopt a selective buy-on-dips strategy while managing leverage prudently. Tight trailing stop-losses and partial profit-booking remain essential, and fresh long positions should be considered only above 26,300, supported by close monitoring of global cues and key technical levels.

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