Technical Forecast 25th November 2025 by Vaishali Parekh, Vice President - Technical Research at PL Capital
Below the Technical Forecast 25th November 2025 by Vaishali Parekh, Vice President - Technical Research at PL Capital
Market Preview
Nifty slips down; ends below 26000 zone
Nifty witnessed profit booking after resisting near the 26150 zone and closed below the 26000 level along with the broader markets shedding their gains heavily. BankNifty after a positive start slipped down from the 59300 zone to end on a flat note with bias still maintained intact. The market breadth turned weak with the advance decline indicating a ratio of almost 1:3 at close.
Market Forecast
Nifty daily range 25800-26200
Nifty after resisting near the 26150 zone, plunged with heavy profit booking witnessed as the day progressed to move below the 26000 level and has indicated an almost bearish engulfing candle on the daily chart to slightly weaken the bias. The index would have the near-term support at 25800 zone which needs to be sustained and, on the upside, once a revival is confirmed and move past the 26200 zone, one can expect for fresh higher Ov targets of 26700 and 27200 levels in the coming days, asacti mentioned earlier.
BankNifty witnessed a pullback in the initial half but finding resistance near the 59300-zone slipped down post lunch session to end near the 58800 zone with bias maintained with a cautiously positive approach as of now. The index would have the near-term support positioned near the 58000 level while the major and crucial support lies near the 50EMA zone at 57300 level which needs to be sustained to maintain the overall trend intact. On the upside, a decisive breach above the 59500 zone is much needed to carry on with the positive trend.
The support for the day is seen at 25800 levels, while the resistance is seen at 26200 levels. BankNifty would have the daily range of 58500-59400 levels.
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