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Below the Quote on Weekly Market Wrap 14th November 2025 by Amol Athawale, VP-Technical Research, Kotak Securities

In the last week, the benchmark indices bounced back sharply. The Nifty ended 1.64 percent higher, while the Sensex was up by 1345 points. Among sectors, Defence and IT indices outperformed, with Defence up 4 percent and IT up 3.5 percent. During the week, the market successfully cleared the 25,700/84000 resistance zone, which intensified the positive momentum.

Technically, on daily and weekly charts, it has formed a reversal pattern and is currently trading above the 20-day SMA (Simple Moving Average), which is largely positive. We are of the view  that as long as the market is trading above the 20-day SMA or 25,700/84000, the uptrend is likely to continue.

On the higher side, 26,000/84900 and 26,100/85200 would be the immediate resistance zones for the bulls. A successful breakout above 26,100/85200 could push the market up to 26,300–26,500/85800-86400. On the flip side, below 25,700/84000, the uptrend would become vulnerable. Below this level, the market could retest the 25,500–25,350/83400-82900 range.