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Below the Technical Forecast 28th November 2025 by Vaishali Parekh, Vice President - Technical Research at PL Capital

Forecast

NIFTY / SENSEX

Nifty witnessed a positive start in the opening session to scale all time high level of 26310 zone to create history breaching above the previous peak level of 26277 zone with bias maintained strong and can expect for continuation of further rise in the coming days. The index entering a new territory would have the important support near the 25750- 25800 band which needs to be sustained as mentioned earlier and, on the upside, we have fresh upside targets of 26500 and 27200 levels in the coming days. Sensex indicated a breakout above the previous peak zone of 85800 zone to hit record high of 86000 level during the intraday session with bias and trend maintained strong. The index would have the near-term support at 84500 zone which needs to be sustained while on the upside, the index can expect for fresh higher targets of 87400 and 89000 levels in the coming days. The support for the day is seen at 26100 levels, while the resistance is seen at 26400 levels.

BANKNIFTY / BANKEX

BankNifty extended the gains to make new highs with strong bias indicated and has almost reached the 60000 landmark with the frontline banking stocks like ICICI Bank, HDFC Bank, Kotak Bank and Axis Bank well poised for further gains which can pull the index to fresh highs 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, can expect for fresh higher targets of 61400 and 63500 levels in the coming days, as mentioned earlier. Bankex has indicated a strong robust move to hit all time high scaling 67125 zone with the trend getting strong and can anticipate for further fresh upward move in the coming days. The zone near 65800 level would be important near-term support for the index which needs to be sustained as of now. On the upside, the index can expect for fresh upward move having targets of 68700 and 70000 levels in the coming days with the undertone maintained strong. BankNifty would have the daily range of 59300-60400 levels.

Nifty / BankNifty / Sensex / Bankex - Daily Technical Levels

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