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Below the Technical Forecast 27th November 2025 by Vaishali Parekh, Vice President - Technical Research at PL Capital

Forecast

NIFTY / SENSEX

Nifty witnessed a strong and convincing turnaround from the 25850 zone with a huge bullish engulfing candle to indicate a strong optimistic closing at the 26200 level, accompanied by a robust move from the broader markets to ease out the sentiment and to anticipate a further rise in the coming days. The index would have the important support near the 25750-25800 band, which needs to be sustained, and on the upside, with the undertone going strong, one can expect fresh higher targets of 26500 and 27200 levels in the coming days, as mentioned earlier. Sensex witnessed a strong recovery from the 20DMA zone during the intraday session with a steady gain as the day progressed and ended on a quite optimistic note above the 85600 level, expecting a further rise in the coming sessions. A decisive close above the 85800 zone would be important for the index, which can boost the sentiment and anticipate the next target of the 87000 level, with the current 84500 level as the major and crucial support that needs to be sustained, as mentioned earlier. The support for the day is seen at 26100 levels, while the resistance is seen at 26400 levels.

BANKNIFTY / BANKEX

BankNifty indicated a strong bullish candle formation on the daily chart to witness a breakout above the previous peak level of the 59400 zone and entry into a new territory, triggering a fresh round of upward movement in the coming days. The index would have the near-term support positioned near the 58600 zone, which needs to be sustained, and on the upside, we can expect fresh higher targets of 61400 and 63500 levels in the coming days. Bankex recovered strongly from the base of the 65800 zone with a positive bullish candle formation on the daily chart. The index would continue to have the important support positioned near the 20DMA level of 65600, and at the same time, on the upside, a decisive close above the zone of the 67000 level shall trigger fresh higher targets of the 67700 and 68500 levels in the coming days. BankNifty would have the daily range of 59000-60200 levels.

Nifty / BankNifty / Sensex / Bankex - Daily Technical Levels

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