Technical Forecast 03rd December 2025 by Vaishali Parekh, Vice President - Technical Research at PL Capital
Below the Technical Forecast 03rd December 2025 by Vaishali Parekh, Vice President - Technical Research at PL Capital
Forecast
NIFTY / SENSEX
Nifty witnessed heavy profit booking as the day progressed to extend the losses and closed near the 26000 zone with bias slightly maintained with a cautious approach as of now with 26300 level now acting as the resistance zone with 25800 level positioned as the near-term support which needs to be sustained to maintain the overall trend intact. Once a stability is established near the 25800 zone we can expect for further upward move to carry on with the positive trend further ahead. Sensex plunged with profit booking witnessed to slide gradually as the day progressed ahead after resisting near the peak zone of 86150 level in the previous session. The index would have the near term support at 84400 zone which needs to be sustained and only with a revival established near the support, can expect the index to continue with the upward move having fresh higher targets of 87400 and 89000 levels in the coming days. The support for the day is seen at 25900 levels, while the resistance is seen at 26200 levels.
BANKNIFTY / BANKEX
BankNifty after peaking out near the 60100 level, has witnessed profit booking to erase the gains and has dragged down to close near the 59300 level with bias little bit turning cautious expecting for extended slide in the coming sessions. As mentioned earlier, the index would have the near-term support positioned near the 58700 zone which needs to be sustained and once a revival is established, we can expect for further upward in the coming days. Bankex indicated a steep fall on the daily chart in the last two sessions with bias little bit shaken and expecting for further slide having the zone near 65800 level as the important near-term support for the index which needs to be sustained as of now. Once a revival is confirmed, we can expect the index for fresh upward move having targets of 68700 and 70000 levels in the coming days. BankNifty would have the daily range of 58800-59800 levels.
Nifty / BankNifty / Sensex / Bankex - Daily Technical Levels
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