NIFTY 50

Despite profit booking on Tuesday, the benchmark Nifty 50 and Bank Nifty remained in positive mode. If the Nifty 50 manages to defend its previous day’s low (25,876), a rebound toward 26,000 is possible in the upcoming sessions, and only sustaining above this level can give strength to the index for a move toward the 26,100 hurdle, while the immediate support is placed at 25,800. Meanwhile, as long as the Bank Nifty holds the 58,800–58,600 zone (lows of the previous two sessions), the upward journey toward 59,100, followed by 59,300–59,500, is possible, experts said.

On November 18, the Nifty 50 fell 103 points to 25,910, while the Bank Nifty slipped 63 points to 58,899. The market breadth was dominated by bears, with about 2,009 shares under pressure against 838 shares that gained on the NSE.

Nifty Outlook and Strategy

Nandish Shah, Deputy Vice President at HDFC Securities

The Nifty snapped its six-session winning streak, as broad-based selling dominated the session. Despite the pullback, the short-term trend remains up, with the index holding comfortably above its 11-, 20-, and 50-day DMAs. On the derivatives front, the FIIs’ long-to-short ratio in index futures fell to a month’s low of 0.14. This extremely oversold reading indicates the likelihood of short covering by FIIs in the coming sessions, which could lend support to the broader market.

On the higher side, immediate resistance is placed in the vicinity of the 26,000–26,100 levels, where Call writing has been observed in the weekly options. Above 26,100, Nifty could extend the rally towards the all-time high of 26,277 and beyond. On the downside, immediate support is placed in the vicinity of the 25,700–25,800 levels, followed by 25,500, levels at which Put writing has been observed. Therefore, we recommend a buy-on-dips strategy in Nifty with a stop-loss at the 25,500 level.

Key Resistance: 26,100, 26,277

Key Support: 25,725, 25,500

Strategy: Buy Nifty Futures around 25,725, with a stop-loss of 25,500, targeting 26,100 and 26,277 (cash levels).

Ashish Kyal, CMT, Founder and CEO of Waves Strategy Advisors

Nifty is protecting the prior day’s low on a closing basis for the past seven trading sessions, suggesting that the daily trend is still on the positive side. However, over the short term, the index is failing to build up momentum above the 26,000 mark, and we are seeing consolidation between 25,850 and 26,030 levels for the past two days.

In the previous session, Nifty retested the upper end of the range, and we saw minor profit booking from resistance levels. Amongst the sectors, a broader-based sell-off was seen, with Metal and Realty being the top laggards in the prior session. For now, a decisive break above 26,030 is required for fresh buying to emerge.

One should trade with caution and create fresh positions only on a break of the range amid progressive talks on the India–US trade deal. A break below 25,850 followed by 25,730 can suggest that a short-term top has formed. On the other hand, a breakout above 26,030 is needed for fresh upside momentum to begin.

Key Resistance: 26,300

Key Support: 25,730

Strategy: Long positions can be created above 26,030 with a stop-loss at 25,880 and a target of 26,180 followed by 26,300 levels.

Preeti K Chabra, Founder of Trade Delta

Despite profit booking, the Nifty continues to trade above the 20-day SMA (middle Bollinger Band) placed at 25,808, which is acting as a key support zone. It is also holding above the 78.6% Fibonacci retracement level at 25,779 of the rally from the September 30 low (24,587) to the October 23 high (26,104). This confluence of technical indicators reinforces a strong support area, and a decisive close below 25,779 could accelerate downside momentum.

On the upside, the index is facing repeated rejection near 26,050, and a sustained move above this level could pave the way for further upside extension. The daily RSI stands at 60.18, marginally below its signal line, indicating a slight loss of bullish momentum.

From the derivatives standpoint, the weekly options data shows unwinding in in-the-money Put positions, hinting at a mild bearish bias in the near term. Despite the short-term weakness and the possibility of further profit booking, the broader structure of the market remains constructive. Hence, traders may consider adopting a buy-on-dips approach and utilizing the current decline to initiate fresh long positions.

Key Resistance: 26,041, 26,104

Key Support: 25,800, 25,718

Strategy: Initiate long positions in Nifty Futures around 25,800 (cash reference) for an upside target of 26,041, while maintaining a stop-loss at 25,718.

Bank Nifty - Outlook and Positioning

Nandish Shah, Deputy Vice President at HDFC Securities

The short-term trend in the Bank Nifty remains firmly bullish, as it is forming a bullish higher-top–higher-bottom formation on the daily and weekly charts. Key momentum indicators and oscillators, such as the RSI and MFI, are in rising mode and placed above 50 on the daily chart, suggesting strength in the current rally.

Amongst the Put options, significant open interest is placed at the 58,000–58,500 strike prices, indicating a strong support base at these levels. The FIIs’ long-to-short ratio in index futures remains in the oversold territory, suggesting a higher possibility of short covering in the near term, which may further support bullish momentum. Given the sharp up-move witnessed in recent weeks, adopting a buy-on-dips strategy is advisable in Bank Nifty, with a stop-loss placed at the 57,500 level.

Key Resistance: 59,200, 59,900

Key Support: 58,600, 58,050

Strategy: Buy Bank Nifty Futures around 58,600, with a stop-loss of 58,050, targeting 59,200 and 59,900.

Ashish Kyal, CMT, Founder and CEO of Waves Strategy Advisors

Bank Nifty has broken out of the Flag &amp; Pole pattern in the prior week, signaling continuation of the ongoing uptrend. The index has taken clear leadership and continued to climb toward fresh highs with each passing day over the past week, with PSU Banks being major contributors. This breakout aligns with the start of a fresh impulse wave 3 higher, supported by sustained buying.

Also, the Bollinger Bands have started to expand with prices sustaining above the upper band, which is a bullish sign. The RSI is trading near 70, reflecting strong momentum. The indicator has been showing a pattern of higher highs and higher lows, suggesting that buyers continue to remain in control. Despite being near the overbought zone, it has not yet displayed signs of negative divergence, keeping the outlook positive on a daily basis.

Overall, the tone for Bank Nifty remains bullish as long as the index stays above the mid-Bollinger Band, which is near the 58,140 level. A break above 59,110 is required for bullish momentum to continue.

Key Resistance: 59,700

Key Support: 58,140

Strategy: Long positions can be created above 59,110 with a stop-loss of 58,800 and targets of 59,420 followed by 59,700 levels.

Preeti K Chabra, Founder of Trade Delta

Bank Nifty registered a fresh all-time high and continues to trade within a rising channel, forming a series of higher highs and higher lows—an indication of sustained bullish momentum. Over the last two sessions, the index has given a decisive breakout above 58,600, a level that previously acted as a strong barrier, thereby opening the door for further upside.

On the hourly chart, immediate support is seen at the 20-SMA (middle Bollinger Band) near 58,577, followed by the 40-EMA at 58,584, reinforcing a strong demand zone on dips.

The daily RSI is placed around 70, comfortably above the signal line, highlighting persistent positive momentum.

From the derivatives perspective, weekly options data shows a bullish undertone, with notable writing in in-the-money Call strikes—suggesting expectations of stability or further gains.

Overall, the broader market structure for Bank Nifty remains firmly constructive, and a buy-on-dips approach continues to be favoured.

Key Resistance: 59,103, 59,261

Key Support: 58,777, 58,584

Strategy: Buy Bank Nifty Futures near the cash level of 58,777 for a target of 59,261, with a stop-loss at 58,584.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

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Trading Plan: Can Nifty 50, Bank Nifty defend Tuesday’s low amid consolidation?

Despite profit booking on Tuesday, the benchmark Nifty 50 and Bank Nifty remained in positive mode. If the Nifty 50 manages to defend its previous day’s low (25,876), a rebound toward 26,000 is possible in the upcoming sessions, and only sustaining above this level can give strength to the index for a move toward the 26,100 hurdle, while the immediate support is placed at 25,800. Meanwhile, as long as the Bank Nifty holds the 58,800–58,600 zone (lows of the previous two sessions), the upward journey toward 59,100, followed by 59,300–59,500, is possible, experts said.

On November 18, the Nifty 50 fell 103 points to 25,910, while the Bank Nifty slipped 63 points to 58,899. The market breadth was dominated by bears, with about 2,009 shares under pressure against 838 shares that gained on the NSE.

Nifty Outlook and Strategy

Nandish Shah, Deputy Vice President at HDFC Securities

The Nifty snapped its six-session winning streak, as broad-based selling dominated the session. Despite the pullback, the short-term trend remains up, with the index holding comfortably above its 11-, 20-, and 50-day DMAs. On the derivatives front, the FIIs’ long-to-short ratio in index futures fell to a month’s low of 0.14. This extremely oversold reading indicates the likelihood of short covering by FIIs in the coming sessions, which could lend support to the broader market.

On the higher side, immediate resistance is placed in the vicinity of the 26,000–26,100 levels, where Call writing has been observed in the weekly options. Above 26,100, Nifty could extend the rally towards the all-time high of 26,277 and beyond. On the downside, immediate support is placed in the vicinity of the 25,700–25,800 levels, followed by 25,500, levels at which Put writing has been observed. Therefore, we recommend a buy-on-dips strategy in Nifty with a stop-loss at the 25,500 level.

Key Resistance: 26,100, 26,277

Key Support: 25,725, 25,500

Strategy: Buy Nifty Futures around 25,725, with a stop-loss of 25,500, targeting 26,100 and 26,277 (cash levels).

Ashish Kyal, CMT, Founder and CEO of Waves Strategy Advisors

Nifty is protecting the prior day’s low on a closing basis for the past seven trading sessions, suggesting that the daily trend is still on the positive side. However, over the short term, the index is failing to build up momentum above the 26,000 mark, and we are seeing consolidation between 25,850 and 26,030 levels for the past two days.

In the previous session, Nifty retested the upper end of the range, and we saw minor profit booking from resistance levels. Amongst the sectors, a broader-based sell-off was seen, with Metal and Realty being the top laggards in the prior session. For now, a decisive break above 26,030 is required for fresh buying to emerge.

One should trade with caution and create fresh positions only on a break of the range amid progressive talks on the India–US trade deal. A break below 25,850 followed by 25,730 can suggest that a short-term top has formed. On the other hand, a breakout above 26,030 is needed for fresh upside momentum to begin.

Key Resistance: 26,300

Key Support: 25,730

Strategy: Long positions can be created above 26,030 with a stop-loss at 25,880 and a target of 26,180 followed by 26,300 levels.

Preeti K Chabra, Founder of Trade Delta

Despite profit booking, the Nifty continues to trade above the 20-day SMA (middle Bollinger Band) placed at 25,808, which is acting as a key support zone. It is also holding above the 78.6% Fibonacci retracement level at 25,779 of the rally from the September 30 low (24,587) to the October 23 high (26,104). This confluence of technical indicators reinforces a strong support area, and a decisive close below 25,779 could accelerate downside momentum.

On the upside, the index is facing repeated rejection near 26,050, and a sustained move above this level could pave the way for further upside extension. The daily RSI stands at 60.18, marginally below its signal line, indicating a slight loss of bullish momentum.

From the derivatives standpoint, the weekly options data shows unwinding in in-the-money Put positions, hinting at a mild bearish bias in the near term. Despite the short-term weakness and the possibility of further profit booking, the broader structure of the market remains constructive. Hence, traders may consider adopting a buy-on-dips approach and utilizing the current decline to initiate fresh long positions.

Key Resistance: 26,041, 26,104

Key Support: 25,800, 25,718

Strategy: Initiate long positions in Nifty Futures around 25,800 (cash reference) for an upside target of 26,041, while maintaining a stop-loss at 25,718.

Bank Nifty - Outlook and Positioning

Nandish Shah, Deputy Vice President at HDFC Securities

The short-term trend in the Bank Nifty remains firmly bullish, as it is forming a bullish higher-top–higher-bottom formation on the daily and weekly charts. Key momentum indicators and oscillators, such as the RSI and MFI, are in rising mode and placed above 50 on the daily chart, suggesting strength in the current rally.

Amongst the Put options, significant open interest is placed at the 58,000–58,500 strike prices, indicating a strong support base at these levels. The FIIs’ long-to-short ratio in index futures remains in the oversold territory, suggesting a higher possibility of short covering in the near term, which may further support bullish momentum. Given the sharp up-move witnessed in recent weeks, adopting a buy-on-dips strategy is advisable in Bank Nifty, with a stop-loss placed at the 57,500 level.

Key Resistance: 59,200, 59,900

Key Support: 58,600, 58,050

Strategy: Buy Bank Nifty Futures around 58,600, with a stop-loss of 58,050, targeting 59,200 and 59,900.

Ashish Kyal, CMT, Founder and CEO of Waves Strategy Advisors

Bank Nifty has broken out of the Flag &amp;amp; Pole pattern in the prior week, signaling continuation of the ongoing uptrend. The index has taken clear leadership and continued to climb toward fresh highs with each passing day over the past week, with PSU Banks being major contributors. This breakout aligns with the start of a fresh impulse wave 3 higher, supported by sustained buying.

Also, the Bollinger Bands have started to expand with prices sustaining above the upper band, which is a bullish sign. The RSI is trading near 70, reflecting strong momentum. The indicator has been showing a pattern of higher highs and higher lows, suggesting that buyers continue to remain in control. Despite being near the overbought zone, it has not yet displayed signs of negative divergence, keeping the outlook positive on a daily basis.

Overall, the tone for Bank Nifty remains bullish as long as the index stays above the mid-Bollinger Band, which is near the 58,140 level. A break above 59,110 is required for bullish momentum to continue.

Key Resistance: 59,700

Key Support: 58,140

Strategy: Long positions can be created above 59,110 with a stop-loss of 58,800 and targets of 59,420 followed by 59,700 levels.

Preeti K Chabra, Founder of Trade Delta

Bank Nifty registered a fresh all-time high and continues to trade within a rising channel, forming a series of higher highs and higher lows—an indication of sustained bullish momentum. Over the last two sessions, the index has given a decisive breakout above 58,600, a level that previously acted as a strong barrier, thereby opening the door for further upside.

On the hourly chart, immediate support is seen at the 20-SMA (middle Bollinger Band) near 58,577, followed by the 40-EMA at 58,584, reinforcing a strong demand zone on dips.

The daily RSI is placed around 70, comfortably above the signal line, highlighting persistent positive momentum.

From the derivatives perspective, weekly options data shows a bullish undertone, with notable writing in in-the-money Call strikes—suggesting expectations of stability or further gains.

Overall, the broader market structure for Bank Nifty remains firmly constructive, and a buy-on-dips approach continues to be favoured.

Key Resistance: 59,103, 59,261

Key Support: 58,777, 58,584

Strategy: Buy Bank Nifty Futures near the cash level of 58,777 for a target of 59,261, with a stop-loss at 58,584.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

The Nifty 50 snapped its six-day winning streak on profit-booking and failed to hold the psychological 26,000 zone, declining 0.4 percent on November 18. However, the trend remains in favour of the bulls as long as the index trades well above all key moving averages. Until the index decisively crosses its 26,100 hurdle, consolidation is likely to continue, with immediate support at the 25,800–25,700 zone, followed by 25,500 as a crucial support. Conversely, sustaining above the hurdle can open the door for 26,300–26,500 levels, according to experts.

<img class="alignnone size-full wp-image-13683949 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251118171839_Image118112025.jpg" alt="Image118112025" width="1281" height="646" />

Here are 15 data points we have collated to help you spot profitable trades:

1) Key Levels For The <a href="https://www.moneycontrol.com/indian-indices/nifty-50-9.html" target="_blank">Nifty 50</a> (25,910)

Resistance based on pivot points: 25,997, 26,034, and 26,092

Support based on pivot points: 25,880, 25,844, and 25,785

Special Formation: The Nifty 50 formed a bearish candle resembling a Bearish Engulfing–like candlestick pattern on the daily timeframe. It is a bearish reversal pattern formed after the recent rally, but confirmation is needed in the following session. The index still trades above all key moving averages, with short- and medium-term moving averages trending upward. The RSI declined to 60.18 but still maintained a bullish crossover, while the gap between the MACD and the reference line narrowed considerably, with moderate weakness in the histogram. All this indicates caution but not a confirmed reversal.

2) Key Levels For The <a href="https://www.moneycontrol.com/indian-indices/nifty-bank-23.html" target="_blank">Bank Nifty</a> (58,899)

Resistance based on pivot points: 59,050, 59,122, and 59,239

Support based on pivot points: 58,818, 58,746, and 58,629

Resistance based on Fibonacci retracement: 60,142, 64,208

Support based on Fibonacci retracement: 57,796, 56,986

Special Formation: The Bank Nifty formed a bearish candle with upper and lower shadows on the daily charts, indicating some nervousness amid volatility after hitting a new high of 59,104. The index corrected 0.11 percent but continued its higher-high–higher-low formation for another session and sustained above all key moving averages. The RSI at 70 remained in bullish crossover, while the MACD showed a breakout on the higher side with the histogram climbing above the zero line. The Stochastic RSI continued to trend higher with a positive crossover. All this indicates ongoing bullish momentum despite minor volatility.

<img class="alignnone size-full wp-image-13683951 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251118171934_Image218112025.jpg" alt="Image218112025" width="1281" height="646" />

3) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Nifty Call Options Data</a>

According to the monthly options data, the maximum Call open interest was seen at the 26,000 strike (with 1.33 crore contracts). This level can act as a key resistance for the Nifty in the short term. It was followed by the 26,500 strike (72.59 lakh contracts) and 26,200 strike (61.65 lakh contracts).

Maximum Call writing was observed at the 26,000 strike, which saw an addition of 46.83 lakh contracts, followed by the 26,500 and 26,300 strikes, which added 27.45 lakh and 20.41 lakh contracts, respectively. The maximum Call unwinding was seen at the 25,500 strike, which shed 58,050 contracts, followed by the 25,200 and 25,550 strikes, which shed 21,825 and 14,850 contracts, respectively.

<img class="alignnone size-full wp-image-13683952 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251118172005_Image418112025.jpg" alt="Image418112025" width="1254" height="339" />

4) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Nifty Put Options Data</a>

On the Put side, the 26,000 strike holds the maximum Put open interest (with 94.05 lakh contracts), which can act as a key level for the Nifty. It was followed by the 25,500 strike (69.57 lakh contracts) and the 25,900 strike (51.75 lakh contracts).

The maximum Put writing was placed at the 26,000 strike, which saw an addition of 24.21 lakh contracts, followed by the 25,500 and 25,200 strikes, which added 22.42 lakh and 17.78 lakh contracts, respectively. The maximum Put unwinding was seen at the 26,200 strike which shed 1.3 lakh contracts, followed by the 26,500 and 26,100 strikes, which shed 69,075 and 44,700 contracts, respectively.

<img class="alignnone size-full wp-image-13683954 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251118172031_Image518112025.jpg" alt="Image518112025" width="1251" height="338" />

5) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Bank Nifty Call Options Data</a>

According to the monthly options data, the 59,000 strike holds the maximum Call open interest, with 14.03 lakh contracts. This can act as a key resistance level for the index in the short term. It was followed by the 58,500 strike (12.89 lakh contracts) and the 60,000 strike (12.02 lakh contracts).

Maximum Call writing was observed at the 59,000 strike (with the addition of 2.02 lakh contracts), followed by the 60,500 strike (1.15 lakh contracts) and 59,100 strike (84,175 contracts). The maximum Call unwinding was seen at the 58,500 strike, which shed 2.69 lakh contracts, followed by the 58,000 and 58,300 strikes, which shed 47,320 and 20,545 contracts, respectively.

<img class="alignnone size-full wp-image-13683955 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251118172056_Image618112025.jpg" alt="Image618112025" width="1254" height="339" />

6) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Bank Nifty Put Options Data</a>

On the Put side, the maximum Put open interest was seen at the 58,500 strike (with 16.71 lakh contracts), which can act as a key support level for the index. This was followed by the 58,000 strike (16.18 lakh contracts) and the 57,000 strike (12.29 lakh contracts).

The maximum Put writing was placed at the 58,400 strike (which added 1.1 lakh contracts), followed by the 57,200 strike (95,165 contracts) and the 59,000 strike (91,350 contracts). The maximum Put unwinding was seen at the 58,500 strike, which shed 2.16 lakh contracts, followed by the 57,600 and 58,800 strikes, which shed 1.2 lakh and 46,620 contracts, respectively.

<img class="alignnone size-full wp-image-13683956 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251118172121_Image718112025.jpg" alt="Image718112025" width="1245" height="342" />

7) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Funds Flow (Rs crore)</a>

<img class="alignnone size-full wp-image-13683957 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251118172149_Image818112025.jpg" alt="Image818112025" width="793" height="370" />

8) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Put-Call Ratio</a>

The Nifty Put-Call ratio (PCR), which indicates the mood of the market, fell to 1.02 on November 18, compared to 1.13 in the previous session.

The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in Calls is higher than selling in Puts, reflecting a bearish mood in the market.

<img class="alignnone size-full wp-image-13683958 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251118172214_Image918112025.jpg" alt="Image918112025" width="1228" height="501" />

9) <a href="https://www.moneycontrol.com/indian-indices/india-vix-36.html" target="_blank">India VIX</a>

The India VIX, known as the fear gauge, climbed to 12.1 (up 2.61 percent) after a couple of days of correction, signalling some discomfort for the bulls. However, major discomfort will be seen only if the VIX crosses and sustains above the 13 zone.

<img class="alignnone size-full wp-image-13683959 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251118172306_Image318112025.jpg" alt="Image318112025" width="1281" height="646" />

10) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Long Build-up (15 Stocks)</a>

A long build-up was seen in 15 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.

<img class="alignnone size-full wp-image-13683960 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251118172335_Image1018112025.jpg" alt="Image1018112025" width="553" height="235" />

11) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Long Unwinding (71 Stocks)</a>

71 stocks saw a decline in open interest (OI) along with a fall in price, indicating long unwinding.

<img class="alignnone size-full wp-image-13683961 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251118172359_Image1118112025.jpg" alt="Image1118112025" width="556" height="235" />

12) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Short Build-up (109 Stocks)</a>

109 stocks saw an increase in OI along with a fall in price, indicating a build-up of short positions.

<img class="alignnone size-full wp-image-13683962 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251118172429_Image1218112025.jpg" alt="Image1218112025" width="557" height="235" />

13) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Short-Covering (17 Stocks)</a>

17 stocks saw short-covering, meaning a decrease in OI, along with a price increase.

<img class="alignnone size-full wp-image-13683963 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251118172453_Image1318112025.jpg" alt="Image1318112025" width="558" height="235" />

14) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">High Delivery Trades</a>

Here are the stocks that saw a high share of delivery trades. A high share of delivery reflects investing (as opposed to trading) interest in a stock.

<img class="alignnone size-full wp-image-13683965 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251118172517_Image1418112025.jpg" alt="Image1418112025" width="741" height="235" />

15) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Stocks Under F&amp;O Ban</a>

Securities banned under the F&amp;O segment include companies where derivative contracts cross 95 percent of the market-wide position limit.

Stocks added to F&amp;O ban: Nil

Stocks retained in F&amp;O ban: SAIL

Stocks removed from F&amp;O ban: Nil

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Trade setup for November 19: Top 15 things to know before the opening bells

The Nifty 50 snapped its six-day winning streak on profit-booking and failed to hold the psychological 26,000 zone, declining 0.4 percent on November 18. However, the trend remains in favour of the bulls as long as the index trades well above all key moving averages. Until the index decisively crosses its 26,100 hurdle, consolidation is likely to continue, with immediate support at the 25,800–25,700 zone, followed by 25,500 as a crucial support. Conversely, sustaining above the hurdle can open the door for 26,300–26,500 levels, according to experts.



Here are 15 data points we have collated to help you spot profitable trades:

1) Key Levels For The Nifty 50 (25,910)

Resistance based on pivot points: 25,997, 26,034, and 26,092

Support based on pivot points: 25,880, 25,844, and 25,785

Special Formation: The Nifty 50 formed a bearish candle resembling a Bearish Engulfing–like candlestick pattern on the daily timeframe. It is a bearish reversal pattern formed after the recent rally, but confirmation is needed in the following session. The index still trades above all key moving averages, with short- and medium-term moving averages trending upward. The RSI declined to 60.18 but still maintained a bullish crossover, while the gap between the MACD and the reference line narrowed considerably, with moderate weakness in the histogram. All this indicates caution but not a confirmed reversal.

2) Key Levels For The Bank Nifty (58,899)

Resistance based on pivot points: 59,050, 59,122, and 59,239

Support based on pivot points: 58,818, 58,746, and 58,629

Resistance based on Fibonacci retracement: 60,142, 64,208

Support based on Fibonacci retracement: 57,796, 56,986

Special Formation: The Bank Nifty formed a bearish candle with upper and lower shadows on the daily charts, indicating some nervousness amid volatility after hitting a new high of 59,104. The index corrected 0.11 percent but continued its higher-high–higher-low formation for another session and sustained above all key moving averages. The RSI at 70 remained in bullish crossover, while the MACD showed a breakout on the higher side with the histogram climbing above the zero line. The Stochastic RSI continued to trend higher with a positive crossover. All this indicates ongoing bullish momentum despite minor volatility.



3) Nifty Call Options Data

According to the monthly options data, the maximum Call open interest was seen at the 26,000 strike (with 1.33 crore contracts). This level can act as a key resistance for the Nifty in the short term. It was followed by the 26,500 strike (72.59 lakh contracts) and 26,200 strike (61.65 lakh contracts).

Maximum Call writing was observed at the 26,000 strike, which saw an addition of 46.83 lakh contracts, followed by the 26,500 and 26,300 strikes, which added 27.45 lakh and 20.41 lakh contracts, respectively. The maximum Call unwinding was seen at the 25,500 strike, which shed 58,050 contracts, followed by the 25,200 and 25,550 strikes, which shed 21,825 and 14,850 contracts, respectively.



4) Nifty Put Options Data

On the Put side, the 26,000 strike holds the maximum Put open interest (with 94.05 lakh contracts), which can act as a key level for the Nifty. It was followed by the 25,500 strike (69.57 lakh contracts) and the 25,900 strike (51.75 lakh contracts).

The maximum Put writing was placed at the 26,000 strike, which saw an addition of 24.21 lakh contracts, followed by the 25,500 and 25,200 strikes, which added 22.42 lakh and 17.78 lakh contracts, respectively. The maximum Put unwinding was seen at the 26,200 strike which shed 1.3 lakh contracts, followed by the 26,500 and 26,100 strikes, which shed 69,075 and 44,700 contracts, respectively.



5) Bank Nifty Call Options Data

According to the monthly options data, the 59,000 strike holds the maximum Call open interest, with 14.03 lakh contracts. This can act as a key resistance level for the index in the short term. It was followed by the 58,500 strike (12.89 lakh contracts) and the 60,000 strike (12.02 lakh contracts).

Maximum Call writing was observed at the 59,000 strike (with the addition of 2.02 lakh contracts), followed by the 60,500 strike (1.15 lakh contracts) and 59,100 strike (84,175 contracts). The maximum Call unwinding was seen at the 58,500 strike, which shed 2.69 lakh contracts, followed by the 58,000 and 58,300 strikes, which shed 47,320 and 20,545 contracts, respectively.



6) Bank Nifty Put Options Data

On the Put side, the maximum Put open interest was seen at the 58,500 strike (with 16.71 lakh contracts), which can act as a key support level for the index. This was followed by the 58,000 strike (16.18 lakh contracts) and the 57,000 strike (12.29 lakh contracts).

The maximum Put writing was placed at the 58,400 strike (which added 1.1 lakh contracts), followed by the 57,200 strike (95,165 contracts) and the 59,000 strike (91,350 contracts). The maximum Put unwinding was seen at the 58,500 strike, which shed 2.16 lakh contracts, followed by the 57,600 and 58,800 strikes, which shed 1.2 lakh and 46,620 contracts, respectively.



7) Funds Flow (Rs crore)



8) Put-Call Ratio

The Nifty Put-Call ratio (PCR), which indicates the mood of the market, fell to 1.02 on November 18, compared to 1.13 in the previous session.

The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in Calls is higher than selling in Puts, reflecting a bearish mood in the market.



9) India VIX

The India VIX, known as the fear gauge, climbed to 12.1 (up 2.61 percent) after a couple of days of correction, signalling some discomfort for the bulls. However, major discomfort will be seen only if the VIX crosses and sustains above the 13 zone.



10) Long Build-up (15 Stocks)

A long build-up was seen in 15 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.



11) Long Unwinding (71 Stocks)

71 stocks saw a decline in open interest (OI) along with a fall in price, indicating long unwinding.



12) Short Build-up (109 Stocks)

109 stocks saw an increase in OI along with a fall in price, indicating a build-up of short positions.



13) Short-Covering (17 Stocks)

17 stocks saw short-covering, meaning a decrease in OI, along with a price increase.



14) High Delivery Trades

Here are the stocks that saw a high share of delivery trades. A high share of delivery reflects investing (as opposed to trading) interest in a stock.



15) Stocks Under F&amp;amp;O Ban

Securities banned under the F&amp;amp;O segment include companies where derivative contracts cross 95 percent of the market-wide position limit.

Stocks added to F&amp;amp;O ban: Nil

Stocks retained in F&amp;amp;O ban: SAIL

Stocks removed from F&amp;amp;O ban: Nil

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

The Nifty 50 saw profit booking after a six-day winning streak, falling four-tenths of a percent on November 18, during the weekly F&amp;O expiry session. The index failed for the third time since last week to defend the 26,000 mark, as it continues to face supply pressure as it approaches the 26,100 hurdle (October high). Hence, as long as it trades below this zone, consolidation and range-bound trading may persist, with support around the 25,800–25,700 levels. However, only surpassing and sustaining above this zone could drive the index toward 26,300 (near the record high), according to experts.

The Nifty 50 started the day flat and could not sustain above 26,000 for most of the session, closing 103 points lower at 25,910. The index formed a long bearish candle, resembling a Bearish Engulfing pattern on the daily timeframe. This bearish reversal pattern needs to be confirmed in the following session.

In an uptrend, this typically indicates consolidation before a fresh leg of an upward move. As long as the index sustains above all key moving averages and the midline of the Bollinger Bands, the trend remains favourable for bulls. The RSI tilted downward but still held above the 60-zone.

"A long bearish candle has formed on the daily chart, indicating a strong hurdle around the 26,000–26,100 levels. Hence, short-term consolidation is possible before a decisive breakout of the resistance in the near term," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

According to him, the near-term uptrend for the Nifty remains intact, and any short-term consolidation or weakness is likely to end in the next couple of sessions. "Further weakness from here could find support around the 25,800–25,750 levels, and one may expect a bounce back from these lows," he added.

The monthly options data indicated that the 26,000 level is expected to be a crucial zone for further directional movement in the Nifty 50. Until then, the index may remain range-bound with key support at the 25,500 level.

The 26,000 strike still holds the maximum Call open interest, followed by the 26,500 and 26,200 strikes. The maximum Call writing is at the 26,000, 26,500, and 26,300 strikes, while the maximum Put open interest is placed at the 26,000 strike, followed by the 25,500 and 25,900 strikes. The maximum Put writing is at the 26,000, 25,500, and 25,200 strikes.

Bank Nifty

The Bank Nifty also retreated some gains, declining 63 points to 58,899 on profit booking and forming a bearish candle with upper and lower shadows on the daily charts, indicating some weakness amid volatility. The index tested a new record high of 59,104 during the day but could not sustain above 59,000 for another session due to pressure at higher levels.

Overall, the Bank Nifty has relatively outperformed the frontline indices, showcasing resilience despite broader market weakness. The price action indicates that the banking sector continues to hold strength, even as profit booking weighs on other sectors.

"Going forward, the 59,100–59,200 zone will act as a critical hurdle for the index. A decisive and sustainable move above 59,200 could trigger a sharp upside rally, opening the path toward 59,600, and potentially 60,000 in the short term," said Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities.

On the downside, the 58,600–58,500 zone remains an important support area. A breach of this zone may lead to further weakness, but as long as the index holds above these levels, the overall trend remains constructive, he added.

Meanwhile, the India VIX, the fear index, climbed 2.61 percent to the 12.1 zone, causing some discomfort for bulls. However, as long as it sustains below the 13 level, the bulls may not face major discomfort.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Technical View: Bearish Engulfing formation signals consolidation until Nifty decisively takes out 26,100 hurdle, Bank Nifty fails to hold 59,000 again

The Nifty 50 saw profit booking after a six-day winning streak, falling four-tenths of a percent on November 18, during the weekly F&amp;amp;O expiry session. The index failed for the third time since last week to defend the 26,000 mark, as it continues to face supply pressure as it approaches the 26,100 hurdle (October high). Hence, as long as it trades below this zone, consolidation and range-bound trading may persist, with support around the 25,800–25,700 levels. However, only surpassing and sustaining above this zone could drive the index toward 26,300 (near the record high), according to experts.

The Nifty 50 started the day flat and could not sustain above 26,000 for most of the session, closing 103 points lower at 25,910. The index formed a long bearish candle, resembling a Bearish Engulfing pattern on the daily timeframe. This bearish reversal pattern needs to be confirmed in the following session.

In an uptrend, this typically indicates consolidation before a fresh leg of an upward move. As long as the index sustains above all key moving averages and the midline of the Bollinger Bands, the trend remains favourable for bulls. The RSI tilted downward but still held above the 60-zone.

&quot;A long bearish candle has formed on the daily chart, indicating a strong hurdle around the 26,000–26,100 levels. Hence, short-term consolidation is possible before a decisive breakout of the resistance in the near term,&quot; said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

According to him, the near-term uptrend for the Nifty remains intact, and any short-term consolidation or weakness is likely to end in the next couple of sessions. &quot;Further weakness from here could find support around the 25,800–25,750 levels, and one may expect a bounce back from these lows,&quot; he added.

The monthly options data indicated that the 26,000 level is expected to be a crucial zone for further directional movement in the Nifty 50. Until then, the index may remain range-bound with key support at the 25,500 level.

The 26,000 strike still holds the maximum Call open interest, followed by the 26,500 and 26,200 strikes. The maximum Call writing is at the 26,000, 26,500, and 26,300 strikes, while the maximum Put open interest is placed at the 26,000 strike, followed by the 25,500 and 25,900 strikes. The maximum Put writing is at the 26,000, 25,500, and 25,200 strikes.

Bank Nifty

The Bank Nifty also retreated some gains, declining 63 points to 58,899 on profit booking and forming a bearish candle with upper and lower shadows on the daily charts, indicating some weakness amid volatility. The index tested a new record high of 59,104 during the day but could not sustain above 59,000 for another session due to pressure at higher levels.

Overall, the Bank Nifty has relatively outperformed the frontline indices, showcasing resilience despite broader market weakness. The price action indicates that the banking sector continues to hold strength, even as profit booking weighs on other sectors.

&quot;Going forward, the 59,100–59,200 zone will act as a critical hurdle for the index. A decisive and sustainable move above 59,200 could trigger a sharp upside rally, opening the path toward 59,600, and potentially 60,000 in the short term,&quot; said Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities.

On the downside, the 58,600–58,500 zone remains an important support area. A breach of this zone may lead to further weakness, but as long as the index holds above these levels, the overall trend remains constructive, he added.

Meanwhile, the India VIX, the fear index, climbed 2.61 percent to the 12.1 zone, causing some discomfort for bulls. However, as long as it sustains below the 13 level, the bulls may not face major discomfort.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

The Indian benchmark indices snapped six-day winning run and ended lower in a volatile session on November 18 amid broad-based selling.

Amid weak global cues, the Indian indices opened lower and extended selling dragged the Nifty index below 25,900, however, despite the mid-session recovery market ended near day's low.

At close, the Sensex was down 277.93 points or 0.33 percent at 84,673.02, and the Nifty was down 103.40 points or 0.40 percent at 25,910.05.

Broader indices remained under pressure with Nifty smallcap index falling 1 percent, while Nifty Midcap ended 0.6 percent lower after hitting fresh record high of 61,220.25.

Nifty Bank index ended with marginal losses after hitting fresh high of 59,103.65, intraday.

Also Read: <a href="https://www.moneycontrol.com/news/business/markets/concerns-about-ai-frenzy-gets-louder-with-celebrity-investors-dumping-nvidia-others-raise-alarm-bells-13682859.html">Concerns about AI frenzy gets louder with celebrity investors dumping Nvidia, others raise alarm bells</a>

All the sectoral indices ended in the red with IT, metal and realty down 1 percent each.

Bharti Airtel, Axis Bank, Power Grid Corporation, Bajaj Auto, Asian Paints were among major gainers on the Nifty, while losers were Tech Mahindra, Tata Consumer, Jio Financial, Interglobe Aviation, Bajaj Finserv.

Also Read: <a href="https://www.moneycontrol.com/news/business/personal-finance/why-are-global-etfs-trading-at-a-premium-what-should-investors-do-13681780.html">Why are global ETFs trading at a premium? What should investors do?</a>

In stock-specific action, One 97 Communications shares fell 3% on block deal, Emcure Pharma shares slipped 2.5% as Bain Capital likely offloaded up to 2% stake, Mphasis shares shed 1% after 1.8 crore shares sold in block deals, WPIL shares rose 4% after South African arm get contract of Rs 426 crore, Indokem shares shed 5% on manufacturing unit closure notice.

Wonderla Holidays shares gained 3% on launching of Wonderla Chennai in December, IREDA shares down 1.5% on report of raising up to Rs 3,000 crore via QIP, Bombay Burmah shares jumped 7% on terminating agreement with MSTC, Kings Infra shares down 2% on expansion plan.

More than 120 stocks touched their 52-week high on the BSE, including GMR Airports, Can Fin Homes, Federal Bank, Bharti Airtel, Chennai Petro, AU Small Finance Bank, Hero MotoCorp, IIFL Finance, Nykaa, Asahi India, SBI, Canara Bank, Marico, Indian Bank, Laurus Labs, TVS Holdings, UPL, among others. <a href="https://www.moneycontrol.com/stocks/marketstats/bsehigh/index.php">Click to View More</a>

On the other hand, more than 180 stocks hit 52-week low, including SKF India, Cohance Life, Deepak Nitrite, Page Industries, Bata India, among others. <a href="https://www.moneycontrol.com/stocks/marketstats/bselow/index.php">Click to View More</a>

Outlook for November 19

Ajit Mishra – SVP, Research, Religare Broking

Markets witnessed a volatile session on weekly expiry day and slipped nearly half a percent, extending the ongoing consolidation phase. After an initial dip, the Nifty swung sharply in both directions through the day and eventually settled near the day’s low at around the 25,910 mark. Sectoral performance was broadly weak, with realty, IT and metal leading the decline. The broader markets too came under pressure, as evident from the subdued market breadth and notable weakness in small-cap counters.

Recent market action reflects a cautiously optimistic undertone, supported by firm domestic macro indicators. However, heightened global volatility continues to cap momentum and trigger intermittent bouts of profit-taking, preventing a sustained directional move.

Going ahead, we expect further consolidation to persist, which would be healthy as long as the Nifty holds above its key short-term support—the 20-DEMA, which currently lies around 25,700.

Participants should continue to prioritise stock selection based on relative strength across sectors, with a preference for large-cap and stronger mid-cap names, while maintaining a measured approach amid the prevailing choppiness.

Rupak De, Senior Technical Analyst at LKP Securities

The Nifty remained confined within a 150-point range, marking the second consecutive day of consolidation. A bearish engulfing pattern has formed on the daily chart, suggesting a pause in the ongoing price rise. The hourly RSI has entered a bearish crossover, and the index has formed a lower top on the hourly timeframe, indicating an initial weakening of the trend.

On the lower end, support is placed at 25,850; a fall below this level might trigger further correction towards 25,700. On the other hand, resistance is visible at 26,000–26,050, above which the trend may reverse.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decision.

Taking Stock: Market snaps 6-day gains; Nifty at 25,900, Sensex down 278 pts

The Indian benchmark indices snapped six-day winning run and ended lower in a volatile session on November 18 amid broad-based selling.

Amid weak global cues, the Indian indices opened lower and extended selling dragged the Nifty index below 25,900, however, despite the mid-session recovery market ended near day's low.

At close, the Sensex was down 277.93 points or 0.33 percent at 84,673.02, and the Nifty was down 103.40 points or 0.40 percent at 25,910.05.

Broader indices remained under pressure with Nifty smallcap index falling 1 percent, while Nifty Midcap ended 0.6 percent lower after hitting fresh record high of 61,220.25.

Nifty Bank index ended with marginal losses after hitting fresh high of 59,103.65, intraday.

Also Read: Concerns about AI frenzy gets louder with celebrity investors dumping Nvidia, others raise alarm bells

All the sectoral indices ended in the red with IT, metal and realty down 1 percent each.

Bharti Airtel, Axis Bank, Power Grid Corporation, Bajaj Auto, Asian Paints were among major gainers on the Nifty, while losers were Tech Mahindra, Tata Consumer, Jio Financial, Interglobe Aviation, Bajaj Finserv.

Also Read: Why are global ETFs trading at a premium? What should investors do?

In stock-specific action, One 97 Communications shares fell 3% on block deal, Emcure Pharma shares slipped 2.5% as Bain Capital likely offloaded up to 2% stake, Mphasis shares shed 1% after 1.8 crore shares sold in block deals, WPIL shares rose 4% after South African arm get contract of Rs 426 crore, Indokem shares shed 5% on manufacturing unit closure notice.

Wonderla Holidays shares gained 3% on launching of Wonderla Chennai in December, IREDA shares down 1.5% on report of raising up to Rs 3,000 crore via QIP, Bombay Burmah shares jumped 7% on terminating agreement with MSTC, Kings Infra shares down 2% on expansion plan.

More than 120 stocks touched their 52-week high on the BSE, including GMR Airports, Can Fin Homes, Federal Bank, Bharti Airtel, Chennai Petro, AU Small Finance Bank, Hero MotoCorp, IIFL Finance, Nykaa, Asahi India, SBI, Canara Bank, Marico, Indian Bank, Laurus Labs, TVS Holdings, UPL, among others. Click to View More

On the other hand, more than 180 stocks hit 52-week low, including SKF India, Cohance Life, Deepak Nitrite, Page Industries, Bata India, among others. Click to View More

Outlook for November 19

Ajit Mishra – SVP, Research, Religare Broking

Markets witnessed a volatile session on weekly expiry day and slipped nearly half a percent, extending the ongoing consolidation phase. After an initial dip, the Nifty swung sharply in both directions through the day and eventually settled near the day’s low at around the 25,910 mark. Sectoral performance was broadly weak, with realty, IT and metal leading the decline. The broader markets too came under pressure, as evident from the subdued market breadth and notable weakness in small-cap counters.

Recent market action reflects a cautiously optimistic undertone, supported by firm domestic macro indicators. However, heightened global volatility continues to cap momentum and trigger intermittent bouts of profit-taking, preventing a sustained directional move.

Going ahead, we expect further consolidation to persist, which would be healthy as long as the Nifty holds above its key short-term support—the 20-DEMA, which currently lies around 25,700.

Participants should continue to prioritise stock selection based on relative strength across sectors, with a preference for large-cap and stronger mid-cap names, while maintaining a measured approach amid the prevailing choppiness.

Rupak De, Senior Technical Analyst at LKP Securities

The Nifty remained confined within a 150-point range, marking the second consecutive day of consolidation. A bearish engulfing pattern has formed on the daily chart, suggesting a pause in the ongoing price rise. The hourly RSI has entered a bearish crossover, and the index has formed a lower top on the hourly timeframe, indicating an initial weakening of the trend.

On the lower end, support is placed at 25,850; a fall below this level might trigger further correction towards 25,700. On the other hand, resistance is visible at 26,000–26,050, above which the trend may reverse.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decision.

Nifty Tests 25,900 But Stages Smart Recovery From Day's Low | Closing Bell Live | 4K

9 out of 17 years NIFTY 50 has given positive returns in November.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	26,001.10	26,092.15	26,154.45	25,938.80	25,847.75	25,785.45	25,694.40
Fibonacci	25,997.38	26,033.57	26,092.15	25,938.80	25,880.22	25,844.03	25,785.45
Camarilla	25,924.11	25,938.16	25,952.22	25,938.80	25,895.99	25,881.94	25,867.88

INDEX CONTRIBUTION - NIFTY 50

Net Contribution

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