Technical Forecast 04th December 2025 by Vaishali Parekh, Vice President - Technical Research at PL Capital
Below the Technical Forecast 04th December 2025 by Vaishali Parekh, Vice President - Technical Research at PL Capital
Forecast
NIFTY / SENSEX
Nifty witnessed a slight volatile session taking support near the 25900 zone during the intraday session with bias slightly maintained with a cautiously positive approach and has the important near-term support near the 25770-25800 band which needs to be sustained to maintain the positive bias intact. As mentioned earlier, once a stability is established near the 25800 zone, we can expect for further revival to carry on with the positive trend further ahead. Sensex after witnessing a weak opening consolidated near the 84800 zone and recovered to some extent in the final hours to erase the losses to end almost on a flat note. As mentioned earlier, the index would have the near term support at 84400 zone which needs to be sustained and only with a revival established 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 25800 levels, while the resistance is seen at 26200 levels.
BANKNIFTY / BANKEX
BankNifty after witnessing a weak opening session has bounced back quite significantly in the final hours with frontline banking stocks like HDFC Bank, ICICI Bank and Axis Bank picking up to pull the index to close in the green near 59350 zone with sentiment slightly eased out. As mentioned earlier, the index would have the near-term support positioned near the 58700 zone which needs to be sustained and with the pullback expected to continue further, we can anticipate for further rise in the coming sessions with 60100 zone acting as the resistance level. Bankex extended the losses in the morning opening session and almost hit the 66000 zone and after some consolidation witnessed, bounced back strongly just before the closing session to end in the green. As said earlier, the index needs to sustain the near-term support near the 65800 zone and currently with a revival visible, can anticipate for further upward movement in the coming days having the targets of 68700 and 70000 levels in the coming days. BankNifty would have the daily range of 59000- 60000 levels.
Nifty / BankNifty / Sensex / Bankex - Daily Technical Levels
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