Technical Forecast 02nd December 2025 by Vaishali Parekh, Vice President - Technical Research at PL Capital
Below the Technical Forecast 02nd December 2025 by Vaishali Parekh, Vice President - Technical Research at PL Capital
Forecast
NIFTY / SENSEX
Nifty once again after witnessing a positive opening session found resistance near the 26300 zone and fizzled out gradually as the day progressed and closed near the 26200 zone with bias maintained intact having the important support near the 25750-25800 band which needs to be sustained. With a revival expected, the index can carry on with the positive move with 26000 level positioned as the near-term support and, on the upside, can have fresh targets of 26500 and 27200 levels in the coming days. Sensex has once again found resistance near the 86100 zone in the opening session and thereafter, has witnessed a gradual slide with profit booking seen to erode the gains and close near the 85650 zone with a marginal loss. With the undertone maintained strong, the index can carry on with the positive move further ahead with higher targets of 87400 and 89000 levels expected in the coming days, as we had been mentioning earlier. The index would need to sustain the important near-term support zone of 84500 level, and a revival shall establish conviction to anticipate for further gains. The support for the day is seen at 26100 levels, while the resistance is seen at 26400 levels.
BANKNIFTY / BANKEX
BankNifty after making a new record high at 60100 zone in the opening session, witnessed profit booking and eroded the gains to end up near the 59700 level with the overall trend maintained strong. The index would have the near-term support positioned near the 58700 zone, and with the undertone going strong, can expect for fresh higher targets of 61400 and 63500 levels in the coming days, once a revival is established to confirm for another round of fresh upward move in the coming days. Bankex opened on a strong note creating history once again with record high of 67384 level but fizzled out gradually as the day progressed to end near the 66900 zone with bias and the overall trend maintained strong. With series of higher bottom formation visible on the daily chart, the chart looks well poised for further positive gains with the previous low made near the 65800-zone positioned as the important near-term support which the index needs to sustain to maintain the bias intact and expect for fresh higher targets of 68700 and 70000 levels in the coming days. BankNifty would have the daily range of 59300-60300 levels
Nifty / BankNifty / Sensex / Bankex - Daily Technical Levels
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