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Below the Technical Forecast 26th November 2025 by Vaishali Parekh, Vice President - Technical Research at PL Capital

Forecast NIFTY / SENSEX

Nifty slipped further, extending the losses to end below the 25900 level with three consecutive losing sessions, closing near the 25900 level with bias slightly getting into a cautious mode. As mentioned earlier, the index would have the near-term support band near the 25750-25800 zone, which needs to be sustained, and on the upside, to get the momentum going, it would need a revival and move past the 26000 level to once again establish conviction, and thereafter, we can expect fresh higher targets of the 26500 and 27200 levels in the coming days. Sensex amid profit booking continues to slip further with bias gradually turning weak and is nearing the important 20DMA zone at the 84400 level on the daily chart, which acts as an important and crucial support area that needs to be sustained as of now to keep the overall trend intact. The support for the day is seen at 25750 levels, while the resistance is seen at 26100 levels.

BANKNIFTY / BANKEX

Bank Nifty amid fluctuations has been consolidating near the 58800 zone with bias maintained intact, having the near-term support positioned near the 58000 level, while the major and crucial support lies near the 50EMA zone at the 57400 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. Bankex has been moving within a narrow range and has been in consolidation in the range of 65800–66300 zone with bias overall maintained positive, anticipating further positive developments. As mentioned earlier, the index would have the important and crucial support positioned near the 20DMA level of 65600, which needs to be sustained as of now, and at the same time, on the upside, it would need to breach above the resistance zone of the 66800 level, and thereafter, expect fresh higher targets of the 67700 and 68500 levels in the coming days. BankNifty would have the daily range of 58500-59400 levels.

Nifty / BankNifty / Sensex / Bankex - Daily Technical Levels

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