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

Forecast

NIFTY / SENSEX

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. Sensex has been consolidating since the last two sessions near the 85700 zone after making the new high and taking a breather with bias and sentiment maintained strong anticipating for further rise in the coming days with support positioned near the 84500 zone which needs to be sustained to maintain the bias intact. On the upside, the index can expect for higher targets of 87400 and 89000 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.

BANKNIFTY / BANKEX

BankNifty after hitting the record high level and the strong breakout witnessed in the previous 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. Bankex having witnessed a strong upward move in recent times to make record high of 67125 zone has witnessed consolidation near the peak zone with a breather taken and with the trend maintained strong, is anticipated to carry on with the positive move further ahead in the coming days. As mentioned earlier, the zone near the 65800 would be the near-term support whereas on the upside one can expect for fresh higher targets of 68700 and 70000 levels as said earlier, with the frontline banking stocks well poised for further gains in the coming days. BankNifty would have the daily range of 59300-60400 levels.

Nifty / BankNifty / Sensex / Bankex - Daily Technical Levels

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