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Below the Quote on Pre Market Comment  November 13th 2026 by Deepesh Sarawagi Technical Research Analyst at Choice Broking

Indian markets are likely to open on a weak note on 13th November 2026, with Gift Nifty at 25,205, down 96 points, indicating some pressure at the start. Global sentiment has turned cautious, as Wall Street ended lower amid technology-sector uncertainty and rising US bond yields. Higher crude oil prices, driven by renewed Middle East supply concerns, may also remain a key factor for domestic market sentiment.

In the previous session on 12th November 2026, Nifty traded in a narrow range and closed at 25,299.35, up 44.30 points (+0.18%). After an initial dip, the index recovered to an intraday high of 25,384.80 but witnessed profit booking at higher levels. Realty, Media and PSU Banks outperformed, while Auto, FMCG and IT remained under pressure. The formation of a Doji-like candle reflects indecision after the recent rally.

Nifty continues to hold a positive broader structure, although RSI at 79.82 indicates highly stretched and overbought momentum, increasing the possibility of consolidation. Monthly PCR at 1.20 remains supportive, while lower India VIX at 16.62 suggests easing volatility. Derivatives positioning indicates support around 25,000–25,200, with Call OI concentrated at higher strikes. Immediate support is placed at 25,000–25,100, while resistance is seen at 25,450–25,500.

In the previous session on 12th November 2026, Bank Nifty gained strong momentum, recovering from an intraday low of 60,723.10 to close near its day’s high at 61,518.50, up 726.10 points (+1.19%). It formed a strong bullish candle, with all constituents ending in positive territory. RSI at 80.50 confirms strong momentum but also signals overbought conditions. Immediate support is placed at 61,000–61,200, while resistance is seen at 61,800–62,000.

On 12th November, FIIs continued their buying activity for the second consecutive session, recording net purchases of rs7,830 crore. Meanwhile, DIIs extended their selling streak to the tenth consecutive session, with net sales of rs 6,331 crore.

The broader trend remains constructive, supported by sustained FII buying and continued strength in banking stocks. However, weaker Gift Nifty cues may keep the opening under pressure, while elevated RSI levels suggest limited room for an immediate sharp rally. Traders should watch key support zones closely, as holding these levels will be crucial to preserving the current positive market structure.

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