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Below the Technical Forecast 05th December 2025 by Vaishali Parekh, Vice President - Technical Research at PL Capital

Forecast

NIFTY / SENSEX

Nifty indicated a strong bounce post the RBI policy announcement to surge ahead and attain the 26200 zone during the intraday session to improve the bias once again anticipating for further rise in the coming days. With a higher bottom formation visible on the daily chart picking up from the 28900 zone, the index would have the important near-term support near the 25770-25800 band as mentioned earlier, and on the upside, the 26300 zone would be the resistance which needs to be breached to carry on with the positive move further ahead. Sensex witnessed a strong bounce back taking support near the 84800 level and indicated a bullish candle formation on the daily chart with bias improving once again expecting for further rise. As mentioned earlier, the index would have the near term support at 84400 zone and on the upside, once a breakout above 86100 level is confirmed, one can expect for fresh higher targets of 87400 and 89000 levels in the coming days. The support for the day is seen at 26000 levels, while the resistance is seen at 26400 levels.

BANKNIFTY / BANKEX

BankNifty after having consolidated near the 59000 zone, it has indicated a strong recovery with a bullish candle formation on the daily chart to improve the bias once again and can expect for further upward move in the coming days overall trend maintained intact. As mentioned earlier, the index would have the near-term support positioned near the 58700 zone and, on the upside, the 60100 zone would be the resistance level which needs to be breached to trigger for a breakout and thereafter, expecting for higher targets of 61300 and 63000 levels in the coming days. Bankex post the RBI policy announcement, indicated a strong positive candle after the short consolidation period near the 66500 zone and with an optimistic approach maintained, the index can gain further strength in the coming sessions. As said earlier, the index needs to sustain the nearterm support near the 65800 zone and on the upside, can expect targets of 68700 and 70000 levels in the coming days with the undertone once getting stronger. BankNifty would have the daily range of 59300- 60400 levels

Nifty / BankNifty / Sensex / Bankex - Daily Technical Levels

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