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Below the Technical Forecast 01st December 2025 by Vaishali Parekh, Vice President - Technical Research at PL Capital

Market Preview
Nifty consolidates near 26200 zone
Nifty having taken a breather near the 26200 zone is consolidating with the overall trend maintained strong anticipating for further upward movement in the coming days.
BankNifty witnessing some rangebound movement is holding on to the 59800 zone and would aim for further rise in the coming days with the frontline banking stocks well set for further gains in the near future. The market breadth was overall flat with the advance decline indicating a neutral ratio at close.

Market Forecast
Nifty daily range 26100-26400
Nifty witnessed a rangebound session with overall consolidation visible at the peak zone of 26200 level with bias and sentiment maintained with an optimistic approach and can expect for further rise in the coming days. The index would have the important support near the 25750-25800 band which needs to be sustained and on the upside, with the undertone maintained strong, we can have fresh upside targets of 26500 and 27200 levels in the coming days.
BankNifty after hitting the record high level and the strong breakout witnessed in the pravious session, the index has consolidated near the 59800 zone with bias maintained intact anticipating for further upward move in the coming days with most of the frontline banking stocks well poised for further rise with most of the technical parameters well placed. The index would have the near-term support positioned near the 58600 zone and, on the upside, can expect for fresh higher targets of 61400 and 63500 levels in the coming days, as mentioned earlier.
The support for the day is seen at 26100 levels, while the resistance is seen at 26400 levels. Bank Nifty would have the daily range of 59300-60400 levels

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