Technical Forecast 12th November 2025 by Vaishali Parekh, Vice President - Technical Research at PL Capital
Below the Technical Forecast 12th November 2025 by Vaishali Parekh, Vice President - Technical Research at PL Capital
Forecast
NIFTY / SENSEX
After a weak start in the morning session, hitting the low at the 25450 level, the Nifty index witnessed a strong bounce back to close near the 25700 zone, with the broader markets also indicating active participation to ease out the sentiment to some extent. The overall bias has been maintained with a cautiously positive approach, and once a decisive breach above the 25750 zone is established, there can be conviction for further rise in the coming days, with targets of 26100 and 26500 levels expected, with the near-term support positioned near the 25300 zone, which needs to be sustained. Sensex has regained strength after witnessing two sessions of winning streaks from the 50EMA level of the 82754 zone and has almost retested the 84000 level, expecting further rise in the coming sessions. We can anticipate higher targets of the 84500 and 85300 levels in the coming days. The support for the day is seen at 25550 levels, while the resistance is seen at 25900 levels.
BANKNIFTY / BANKEX
Bank Nifty, recently witnessing a decent pullback from the low made near the 57200 zone, has once again indicated a significant bounce back from the 57600 level during the intraday session to gain momentum, closing near the 58150 zone with bias gradually improving, and is expected to make further upward moves with the overall approach maintained cautiously optimistic. The support from the current level is positioned near the 50EMA at the 56700 level, which needs to be sustained. Bankex, after the initial slide, witnessed a decent recovery from the 64600 zone to end the session in the green near the 65200 zone. As said earlier, the index has got the important 50EMA at the 63750 level, which would be the near-term support zone, and, on the upside, a decisive breach above the 65800 level would improve the bias; thereafter, expectfurther rise. BankNifty would have the daily range of 57800-58800 levels.
Nifty / BankNifty / Sensex / Bankex - Daily Technical Levels
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