Technical Forecast 11th November 2025 by Vaishali Parekh, Vice President - Technical Research at PL Capital
Below the Technical Forecast 11th November 2025 by Vaishali Parekh, Vice President - Technical Research at PL Capital
Forecast
NIFTY / SENSEX
Nifty after taking support near the important 50EMA at 25320 zone, the index continued with the positive move to extend the gains and touched the 25650 zone during the intraday session to improve the bias expecting for further upward move in the coming days. As mentioned earlier, the index would need to move past the 25750 zone to establish conviction for further rise having targets of 26100 and 26500 levels expected having the near-term support at 25300 zone which needs to be sustained. Sensex after the bounce back witnessed in the previous session, extended the gains further touching the 83700 zone to improve the bias expecting for further rise in the coming days. As mentioned earlier, the index would need to move past the 84000 zone to establish conviction and expect for a fresh upward move with targets of 85000 and 86300 levels. The near term support would be the important 50EMA at 82700 level which needs to be sustained to maintain the bias intact. The support for the day is seen at 25450 levels, while the resistance is seen at 25800 levels.
BANKNIFTY / BANKEX
BankNifty witnessed a marginal gain to find resistance near the 58000 zone after picking up significantly in the previous session from 57200 zone to improve the bias expecting for further rise provided, the index gives a decisive breach above the tough resistance zone of 58500 level which shall open the gates for fresh upward move having further higher target of 60000 level, with downside support positioned near the 50EMA at 56500 level which needs to be sustained. Bankex was overall sluggish with a marginal gain closing near the 65000 zone with bias gradually improving and can expect for further upward move in the coming sessions. As mentioned in our earlier report, the near term support would be maintained near the 63700 level which needs to be sustained and on the upside a decisive breach above the 65700 zone shall once again strengthen the bias to trigger for fresh upward move in the coming days. BankNifty would have the daily range of 57600- 58700 levels.
Nifty / BankNifty / Sensex / Bankex - Daily Technical Levels
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