NIFTY BANK

The Nifty 50 could not witness follow-through selling on November 3, ending the session with moderate gains. The index traded above the 20-day and 50-day EMAs as well as the midline of the Bollinger Bands, but continued to display a lower high–lower low structure on the daily chart, along with a bearish crossover in the RSI. Hence, until these indicators align positively, the consolidation phase may continue, with the 25,700–25,600 zone acting as key support. Below this, 25,500 remains a crucial support level. On the higher side, the 25,900–26,000 zone is expected to act as a hurdle, according to experts.

<img class="alignnone size-full wp-image-13650441 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251103173312_Image1103112025.jpg" alt="Image1103112025" 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> (25,763)

Resistance based on pivot points: 25,798, 25,835, and 25,895

Support based on pivot points: 25,677, 25,640, and 25,580

Special Formation: The Nifty 50 formed a bullish candle with upper and lower shadows on the daily chart, reflecting a positive trend amid volatility. The lower high–lower low structure continued for the third consecutive session after the index hit 26,100. It remained below the 10-day EMA but sustained above the 20-day and 50-day EMAs, as well as above the midline of the Bollinger Bands. The RSI, at 58.99, maintained a bearish crossover, while the MACD was on the verge of a negative crossover, with its histogram flattening out. All these signals indicate that while some underlying strength persists, the index may remain in a consolidation phase until momentum indicators turn favourable.

2) Key Levels For The <a href="https://www.moneycontrol.com/indian-indices/nifty-bank-23.html" target="_blank">Bank Nifty</a> (58,101)

Resistance based on pivot points: 58,225, 58,350, and 58,552

Support based on pivot points: 57,820, 57,695, and 57,493

Resistance based on Fibonacci retracement: 58,739, 60,148

Support based on Fibonacci retracement: 57,394, 56,662

Special Formation: The Bank Nifty formed a bullish candle within the previous day’s range, supported by above-average volumes, suggesting a positive undertone. The index traded above all key moving averages. The RSI, at 65.60, moved upward but remained in a negative crossover, while the MACD displayed a bearish crossover, with the histogram dipping below the zero line. These mixed signals indicate short-term caution despite the prevailing positive sentiment.

<img class="alignnone size-full wp-image-13650442 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251103173333_Image1203112025.jpg" alt="Image1203112025" 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 weekly options data, the maximum Call open interest was seen at the 26,000 strike (with 2 crore contracts). This level can act as a key resistance for the Nifty in the short term. It was followed by the 26,100 and 26,500 strikes (1.34 crore contracts each).

Maximum Call writing was observed at the 25,750 strike, which saw an addition of 29.29 lakh contracts, followed by the 25,700 and 25,800 strikes, which added 16.38 lakh and 15.94 lakh contracts, respectively. The maximum Call unwinding was seen at the 26,600 strike, which shed 18.44 lakh contracts, followed by the 26,550 and 26,000 strikes, which shed 16.02 lakh and 12.63 lakh contracts, respectively.

<img class="alignnone size-full wp-image-13650443 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251103173352_Image1403112025.jpg" alt="Image1403112025" 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 25,700 strike holds the maximum Put open interest (with 1.35 crore contracts), which can act as a key support level for the Nifty. It was followed by the 25,500 strike (96.24 lakh contracts) and the 25,600 strike (93.51 lakh contracts).

The maximum Put writing was placed at the 25,650 strike, which saw an addition of 60.18 lakh contracts, followed by the 25,700 and 25,600 strikes, which added 54.1 lakh and 41.91 lakh contracts, respectively. The maximum Put unwinding was seen at the 25,900 strike, which shed 12.74 lakh contracts, followed by the 26,000 and 25,850 strikes, which shed 11.01 lakh and 6.39 lakh contracts, respectively.

<img class="alignnone size-full wp-image-13650444 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251103173423_Image1503112025.jpg" alt="Image1503112025" width="1257" height="344" />

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 58,000 strike holds the maximum Call open interest, with 10.76 lakh contracts. This can act as a key level for the index in the short term. It was followed by the 57,000 strike (10.42 lakh contracts) and the 60,000 strike (9.81 lakh contracts).

Maximum Call writing was observed at the 58,400 strike (with the addition of 33,320 contracts), followed by the 60,400 strike (18,760 contracts) and 59,700 strike (17,990 contracts). The maximum Call unwinding was seen at the 60,000 strike, which shed 37,870 contracts, followed by the 57,000 and 27,475 strikes, which shed 36,085 and 27,475 contracts, respectively.

<img class="alignnone size-full wp-image-13650445 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251103173442_Image1603112025.jpg" alt="Image1603112025" width="1254" height="347" />

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 58,000 strike (with 18.49 lakh contracts), which can act as a key support level for the index. This was followed by the 57,000 strike (12.85 lakh contracts) and the 58,500 strike (5.41 lakh contracts).

The maximum Put writing was placed at the 58,000 strike (which added 1.33 lakh contracts), followed by the 57,000 strike (94,150 contracts) and the 58,100 strike (84,350 contracts). The maximum Put unwinding was seen at the 58,200 strike which shed 7,560 contracts, followed by the 58,700 and 58,900 strikes, which shed 5,460 and 2,310 contracts, respectively.

<img class="alignnone size-full wp-image-13650446 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251103173501_Image1703112025.jpg" alt="Image1703112025" width="1249" height="345" />

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-13650447 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251103173519_Image1803112025.jpg" alt="Image1803112025" width="1128" height="406" />

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, climbed to 0.78 on November 3, compared to 0.64 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-13650448 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251103173540_Image1903112025.jpg" alt="Image1903112025" width="1227" height="498" />

9) <a href="https://www.moneycontrol.com/indian-indices/india-vix-36.html" target="_blank">India VIX</a>

The fear index, India VIX, continued its northward journey for the sixth straight session, touching the 200-day EMA intraday and rising 4.22 percent to 12.67—its highest closing level since June 30. This indicates increasing caution among market participants. If the VIX surpasses and sustains above 13, bulls may face further discomfort in the sessions ahead.

<img class="alignnone size-full wp-image-13650449 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251103173557_Image1303112025.jpg" alt="Image1303112025" width="1281" height="646" />

10) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Long Build-up (92 Stocks)</a>

A long build-up was seen in 92 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.

<img class="alignnone size-full wp-image-13650451 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251103173614_Image2003112025.jpg" alt="Image2003112025" width="551" height="235" />

11) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Long Unwinding (17 Stocks)</a>

17 stocks saw a decline in open interest (OI) along with a fall in price, indicating long unwinding.

<img class="alignnone size-full wp-image-13650454 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251103173633_Image2103112025.jpg" alt="Image2103112025" width="543" height="235" />

12) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Short Build-up (36 Stocks)</a>

36 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-13650456 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251103173654_Image2203112025.jpg" alt="Image2203112025" width="550" height="235" />

13) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Short-Covering (69 Stocks)</a>

69 stocks saw short-covering, meaning a decrease in OI, along with a price increase.

<img class="alignnone size-full wp-image-13650457 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251103173713_Image2303112025.jpg" alt="Image2303112025" width="559" 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-13650458 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251103173730_Image2403112025.jpg" alt="Image2403112025" width="742" 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: Nil

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.

Ownership, Material Conflicts of Interest and Disciplinary History

MCD is a wholly owned subsidiary of Network 18 Media & Investments Ltd ("Network18"), in which Independent Media Trust (IMT) holds 56.89% stake. Reliance Industries Limited ("RIL") is the sole beneficiary of IMT. Network18 and RIL and their subsidiaries, joint ventures and associates can be considered as associates of MCD.

Details of Associate

Receipt of Compensation

Third-Party Compensation

Employment History

Market-Making Activities

Use of Artificial Intelligence

Trade setup for November 4: Top 15 things to know before the opening bells

The Nifty 50 could not witness follow-through selling on November 3, ending the session with moderate gains. The index traded above the 20-day and 50-day EMAs as well as the midline of the Bollinger Bands, but continued to display a lower high–lower low structure on the daily chart, along with a bearish crossover in the RSI. Hence, until these indicators align positively, the consolidation phase may continue, with the 25,700–25,600 zone acting as key support. Below this, 25,500 remains a crucial support level. On the higher side, the 25,900–26,000 zone is expected to act as a hurdle, according to experts.



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

1) Key Levels For The Nifty 50 (25,763)

Resistance based on pivot points: 25,798, 25,835, and 25,895

Support based on pivot points: 25,677, 25,640, and 25,580

Special Formation: The Nifty 50 formed a bullish candle with upper and lower shadows on the daily chart, reflecting a positive trend amid volatility. The lower high–lower low structure continued for the third consecutive session after the index hit 26,100. It remained below the 10-day EMA but sustained above the 20-day and 50-day EMAs, as well as above the midline of the Bollinger Bands. The RSI, at 58.99, maintained a bearish crossover, while the MACD was on the verge of a negative crossover, with its histogram flattening out. All these signals indicate that while some underlying strength persists, the index may remain in a consolidation phase until momentum indicators turn favourable.

2) Key Levels For The Bank Nifty (58,101)

Resistance based on pivot points: 58,225, 58,350, and 58,552

Support based on pivot points: 57,820, 57,695, and 57,493

Resistance based on Fibonacci retracement: 58,739, 60,148

Support based on Fibonacci retracement: 57,394, 56,662

Special Formation: The Bank Nifty formed a bullish candle within the previous day’s range, supported by above-average volumes, suggesting a positive undertone. The index traded above all key moving averages. The RSI, at 65.60, moved upward but remained in a negative crossover, while the MACD displayed a bearish crossover, with the histogram dipping below the zero line. These mixed signals indicate short-term caution despite the prevailing positive sentiment.



3) Nifty Call Options Data

According to the weekly options data, the maximum Call open interest was seen at the 26,000 strike (with 2 crore contracts). This level can act as a key resistance for the Nifty in the short term. It was followed by the 26,100 and 26,500 strikes (1.34 crore contracts each).

Maximum Call writing was observed at the 25,750 strike, which saw an addition of 29.29 lakh contracts, followed by the 25,700 and 25,800 strikes, which added 16.38 lakh and 15.94 lakh contracts, respectively. The maximum Call unwinding was seen at the 26,600 strike, which shed 18.44 lakh contracts, followed by the 26,550 and 26,000 strikes, which shed 16.02 lakh and 12.63 lakh contracts, respectively.



4) Nifty Put Options Data

On the Put side, the 25,700 strike holds the maximum Put open interest (with 1.35 crore contracts), which can act as a key support level for the Nifty. It was followed by the 25,500 strike (96.24 lakh contracts) and the 25,600 strike (93.51 lakh contracts).

The maximum Put writing was placed at the 25,650 strike, which saw an addition of 60.18 lakh contracts, followed by the 25,700 and 25,600 strikes, which added 54.1 lakh and 41.91 lakh contracts, respectively. The maximum Put unwinding was seen at the 25,900 strike, which shed 12.74 lakh contracts, followed by the 26,000 and 25,850 strikes, which shed 11.01 lakh and 6.39 lakh contracts, respectively.



5) Bank Nifty Call Options Data

According to the monthly options data, the 58,000 strike holds the maximum Call open interest, with 10.76 lakh contracts. This can act as a key level for the index in the short term. It was followed by the 57,000 strike (10.42 lakh contracts) and the 60,000 strike (9.81 lakh contracts).

Maximum Call writing was observed at the 58,400 strike (with the addition of 33,320 contracts), followed by the 60,400 strike (18,760 contracts) and 59,700 strike (17,990 contracts). The maximum Call unwinding was seen at the 60,000 strike, which shed 37,870 contracts, followed by the 57,000 and 27,475 strikes, which shed 36,085 and 27,475 contracts, respectively.



6) Bank Nifty Put Options Data

On the Put side, the maximum Put open interest was seen at the 58,000 strike (with 18.49 lakh contracts), which can act as a key support level for the index. This was followed by the 57,000 strike (12.85 lakh contracts) and the 58,500 strike (5.41 lakh contracts).

The maximum Put writing was placed at the 58,000 strike (which added 1.33 lakh contracts), followed by the 57,000 strike (94,150 contracts) and the 58,100 strike (84,350 contracts). The maximum Put unwinding was seen at the 58,200 strike which shed 7,560 contracts, followed by the 58,700 and 58,900 strikes, which shed 5,460 and 2,310 contracts, respectively.



7) Funds Flow (Rs crore)



8) Put-Call Ratio

The Nifty Put-Call ratio (PCR), which indicates the mood of the market, climbed to 0.78 on November 3, compared to 0.64 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 fear index, India VIX, continued its northward journey for the sixth straight session, touching the 200-day EMA intraday and rising 4.22 percent to 12.67—its highest closing level since June 30. This indicates increasing caution among market participants. If the VIX surpasses and sustains above 13, bulls may face further discomfort in the sessions ahead.



10) Long Build-up (92 Stocks)

A long build-up was seen in 92 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.



11) Long Unwinding (17 Stocks)

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



12) Short Build-up (36 Stocks)

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



13) Short-Covering (69 Stocks)

69 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: Nil

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 bounced back after a two-day correction, but the VIX remained on a rising trend on Monday, signalling some caution in the short term. The index is expected to consolidate further with support in the 25,700–25,600 zone, while on the higher side, the 25,900–26,000 levels are to be watched, as sustaining above them can drive the index toward a record high. Meanwhile, the Bank Nifty is likely to trade in the 57,500–58,500 range, with 58,300–58,500 being the immediate resistance and 58,000 acting as immediate support, followed by 57,600 as key support, experts said.

On November 3, the Nifty 50 rose 41 points to close at 25,763 after witnessing an intraday high-low of 25,803–25,646, while the Bank Nifty performed better than the Nifty 50, climbing 325 points to 58,101 after hitting the day’s high-low of 58,248–57,718. The market breadth turned in favour of the bulls, with about 1,599 shares advancing against 1,226 declining shares on the NSE.

Nifty Outlook and Strategy

Jay Thakkar, Vice President &amp; Head of Derivatives and Quant Research at ICICI Securities

Nifty, after making a recent swing high of 26,104, has witnessed some selling pressure from higher levels. The index, which had seen a short-covering rally in the October series, has again witnessed selling pressure from higher levels due to short build-up by FIIs. The net index shorts have now jumped from approximately 1,06,000 contracts to 1,18,000 contracts, due to which the index has corrected from 26,104 levels to 25,645 levels.

The India VIX had seen an upsurge due to short covering and managed to trade within a range of 12.50–10 levels on a closing basis; however, it has marginally closed above 12.50 levels, indicating that if the index falls further from hereon, it has a downside risk that is not yet factored into the price.

The PCR (Put-Call Ratio) has jumped from 0.50 to 0.66, due to which the index has bounced from its lows of 24,645 to 25,750 and above. However, if it now breaks the 25,700 level, then the bears will have the upper hand. If the index manages to hold on to the 25,700 level, it may bounce to 25,850–25,900 levels. Therefore, until there is a breakout beyond 26,000, the index is likely to consolidate.

Key Resistance: 25,900, 26,000

Key Support: 25,600, 25,500

Strategy: Buy Nifty Futures in the range of 25,700–25,750, with a stop-loss below 25,600, targeting 25,900 and 26,000.

Jigar S Patel, Senior Manager - Equity Research at Anand Rathi

At the current juncture, the Nifty 50 has taken strong support near its historical top of June 30 (25,669.35), which is close to the 21-day Exponential Moving Average (DEMA) — a key short-term trend indicator. On the hourly chart, this support zone aligns perfectly with the Ichimoku Cloud, further reinforcing the area as a crucial demand zone where buyers are stepping in.

Additionally, the MACD on the hourly timeframe has started losing momentum and is now turning upward, indicating a potential shift in momentum from bearish to bullish. This confluence of price support, indicator alignment, and early positive signals on momentum tools suggests that the index may witness a positive bias in the coming sessions. Overall, the setup points toward a short-term recovery phase, with 25,669 acting as a pivotal support level for maintaining bullish sentiment.

Key Resistance: 25,900, 26,000

Key Support: 25,700, 25,500

Strategy: Buy Nifty Futures in the 25,900–25,850 zone, with a stop-loss of 25,700, targeting 26,200.

Shitij Gandhi, Senior Research Analyst (Technical) at SMC Global Securities

Traders remained cautious. On the derivatives front, significant Call open interest at the 26,000 and 26,200 strikes suggests strong resistance at higher levels, while aggressive Put writing at 25,700 signals firm support from the bulls. Technically, the index continues to hold above its key moving averages, though momentum appears to be tapering off, indicating the possibility of near-term consolidation within a defined range.

The 25,700–25,600 zone is expected to act as a strong support base, while the 25,900–26,000 range may cap immediate upside. Overall, the undertone remains positive, and traders may consider buying on dips as long as Nifty sustains above the 25,600 mark.

Key Resistance: 26,000, 26,100

Key Support: 25,700, 25,600

Strategy: Buy Nifty Futures on dips near 25,700, with a stop-loss below 25,600, targeting 26,100.

Bank Nifty - Outlook and Positioning

Jay Thakkar, Vice President &amp; Head of Derivatives and Quant Research at ICICI Securities

Bank Nifty, too, has been consolidating within a range of 58,500 to 57,500 and below that, 57,000 levels. In that process, it seems to be forming a symmetrical triangular pattern as well. As per the options data, it indicates that 58,000 is a critical level, and till it manages to sustain above it, the index remains in an uptrend, whereas below it, the bears have the upper hand.

Beyond 58,500 levels, a breakout can help the index inch up by more than 1,000 points. On the lower side, until it is trading above 56,000 levels on a closing basis, the short- to medium-term trend remains positive.

Key Resistance: 58,500, 59,500

Key Support: 57,500, 57,000

Strategy: Buy Bank Nifty Futures near 58,000, with a stop-loss of 57,400, targeting 58,500 and 59,000.

Jigar S Patel, Senior Manager - Equity Research at Anand Rathi

At present, the Bank Nifty appears to be finding strong footing near 57,628, which represents its historical top from June 30, 2025. This level also lies close to the 9-day Exponential Moving Average (DEMA), adding weight to the ongoing support zone. On the hourly timeframe, prices are hovering around the Ichimoku Cloud, a region often associated with trend stability and reversal signals.

Meanwhile, the MACD indicator has started to flatten out and turn upward, suggesting that downward momentum is easing and buyers are gradually regaining control. This technical alignment hints that the index may be preparing for a short-term bounce or positive move in the coming sessions. As long as 57,600 holds firm, the overall structure is likely to remain constructive, and a sustained move above near-term resistance levels could trigger renewed bullish momentum.

Key Resistance: 58,500, 58,700

Key Support: 57,600, 57,500

Strategy: Buy Bank Nifty Futures in the 58,300–58,200 zone, with a stop-loss of 57,900, targeting 59,000.

Shitij Gandhi, Senior Research Analyst (Technical) at SMC Global Securities

Bank Nifty commenced the week on a steady note, displaying resilience above its key short- and medium-term moving averages. However, momentum indicators are beginning to flatten, suggesting a phase of consolidation in the near term.

On the derivatives front, substantial Call open interest is concentrated at the 58,500 strike, indicating overhead resistance, while aggressive Put writing at the 58,000 level reflects strong base formation by bullish participants. Technically, the index is expected to trade within a defined range of 57,500–58,500 unless a decisive breakout occurs on either side.

The 57,800–57,500 zone is likely to act as a strong demand area, while the 58,200–58,500 band could restrict immediate upside. Overall bias remains positive, with a buy-on-dips strategy favoured as long as Bank Nifty sustains above the 57,000 mark.

Key Resistance: 58,600, 58,800

Key Support: 58,000, 57,700

Strategy: Buy Bank Nifty Futures on dips near 58,000, with a stop-loss below 57,700, targeting 58,700.

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.

Trading Plan: Can Nifty 50 sustain above 25,700, Bank Nifty hold 58,000 amid consolidation?

The Nifty 50 bounced back after a two-day correction, but the VIX remained on a rising trend on Monday, signalling some caution in the short term. The index is expected to consolidate further with support in the 25,700–25,600 zone, while on the higher side, the 25,900–26,000 levels are to be watched, as sustaining above them can drive the index toward a record high. Meanwhile, the Bank Nifty is likely to trade in the 57,500–58,500 range, with 58,300–58,500 being the immediate resistance and 58,000 acting as immediate support, followed by 57,600 as key support, experts said.

On November 3, the Nifty 50 rose 41 points to close at 25,763 after witnessing an intraday high-low of 25,803–25,646, while the Bank Nifty performed better than the Nifty 50, climbing 325 points to 58,101 after hitting the day’s high-low of 58,248–57,718. The market breadth turned in favour of the bulls, with about 1,599 shares advancing against 1,226 declining shares on the NSE.

Nifty Outlook and Strategy

Jay Thakkar, Vice President &amp;amp; Head of Derivatives and Quant Research at ICICI Securities

Nifty, after making a recent swing high of 26,104, has witnessed some selling pressure from higher levels. The index, which had seen a short-covering rally in the October series, has again witnessed selling pressure from higher levels due to short build-up by FIIs. The net index shorts have now jumped from approximately 1,06,000 contracts to 1,18,000 contracts, due to which the index has corrected from 26,104 levels to 25,645 levels.

The India VIX had seen an upsurge due to short covering and managed to trade within a range of 12.50–10 levels on a closing basis; however, it has marginally closed above 12.50 levels, indicating that if the index falls further from hereon, it has a downside risk that is not yet factored into the price.

The PCR (Put-Call Ratio) has jumped from 0.50 to 0.66, due to which the index has bounced from its lows of 24,645 to 25,750 and above. However, if it now breaks the 25,700 level, then the bears will have the upper hand. If the index manages to hold on to the 25,700 level, it may bounce to 25,850–25,900 levels. Therefore, until there is a breakout beyond 26,000, the index is likely to consolidate.

Key Resistance: 25,900, 26,000

Key Support: 25,600, 25,500

Strategy: Buy Nifty Futures in the range of 25,700–25,750, with a stop-loss below 25,600, targeting 25,900 and 26,000.

Jigar S Patel, Senior Manager - Equity Research at Anand Rathi

At the current juncture, the Nifty 50 has taken strong support near its historical top of June 30 (25,669.35), which is close to the 21-day Exponential Moving Average (DEMA) — a key short-term trend indicator. On the hourly chart, this support zone aligns perfectly with the Ichimoku Cloud, further reinforcing the area as a crucial demand zone where buyers are stepping in.

Additionally, the MACD on the hourly timeframe has started losing momentum and is now turning upward, indicating a potential shift in momentum from bearish to bullish. This confluence of price support, indicator alignment, and early positive signals on momentum tools suggests that the index may witness a positive bias in the coming sessions. Overall, the setup points toward a short-term recovery phase, with 25,669 acting as a pivotal support level for maintaining bullish sentiment.

Key Resistance: 25,900, 26,000

Key Support: 25,700, 25,500

Strategy: Buy Nifty Futures in the 25,900–25,850 zone, with a stop-loss of 25,700, targeting 26,200.

Shitij Gandhi, Senior Research Analyst (Technical) at SMC Global Securities

Traders remained cautious. On the derivatives front, significant Call open interest at the 26,000 and 26,200 strikes suggests strong resistance at higher levels, while aggressive Put writing at 25,700 signals firm support from the bulls. Technically, the index continues to hold above its key moving averages, though momentum appears to be tapering off, indicating the possibility of near-term consolidation within a defined range.

The 25,700–25,600 zone is expected to act as a strong support base, while the 25,900–26,000 range may cap immediate upside. Overall, the undertone remains positive, and traders may consider buying on dips as long as Nifty sustains above the 25,600 mark.

Key Resistance: 26,000, 26,100

Key Support: 25,700, 25,600

Strategy: Buy Nifty Futures on dips near 25,700, with a stop-loss below 25,600, targeting 26,100.

Bank Nifty - Outlook and Positioning

Jay Thakkar, Vice President &amp;amp; Head of Derivatives and Quant Research at ICICI Securities

Bank Nifty, too, has been consolidating within a range of 58,500 to 57,500 and below that, 57,000 levels. In that process, it seems to be forming a symmetrical triangular pattern as well. As per the options data, it indicates that 58,000 is a critical level, and till it manages to sustain above it, the index remains in an uptrend, whereas below it, the bears have the upper hand.

Beyond 58,500 levels, a breakout can help the index inch up by more than 1,000 points. On the lower side, until it is trading above 56,000 levels on a closing basis, the short- to medium-term trend remains positive.

Key Resistance: 58,500, 59,500

Key Support: 57,500, 57,000

Strategy: Buy Bank Nifty Futures near 58,000, with a stop-loss of 57,400, targeting 58,500 and 59,000.

Jigar S Patel, Senior Manager - Equity Research at Anand Rathi

At present, the Bank Nifty appears to be finding strong footing near 57,628, which represents its historical top from June 30, 2025. This level also lies close to the 9-day Exponential Moving Average (DEMA), adding weight to the ongoing support zone. On the hourly timeframe, prices are hovering around the Ichimoku Cloud, a region often associated with trend stability and reversal signals.

Meanwhile, the MACD indicator has started to flatten out and turn upward, suggesting that downward momentum is easing and buyers are gradually regaining control. This technical alignment hints that the index may be preparing for a short-term bounce or positive move in the coming sessions. As long as 57,600 holds firm, the overall structure is likely to remain constructive, and a sustained move above near-term resistance levels could trigger renewed bullish momentum.

Key Resistance: 58,500, 58,700

Key Support: 57,600, 57,500

Strategy: Buy Bank Nifty Futures in the 58,300–58,200 zone, with a stop-loss of 57,900, targeting 59,000.

Shitij Gandhi, Senior Research Analyst (Technical) at SMC Global Securities

Bank Nifty commenced the week on a steady note, displaying resilience above its key short- and medium-term moving averages. However, momentum indicators are beginning to flatten, suggesting a phase of consolidation in the near term.

On the derivatives front, substantial Call open interest is concentrated at the 58,500 strike, indicating overhead resistance, while aggressive Put writing at the 58,000 level reflects strong base formation by bullish participants. Technically, the index is expected to trade within a defined range of 57,500–58,500 unless a decisive breakout occurs on either side.

The 57,800–57,500 zone is likely to act as a strong demand area, while the 58,200–58,500 band could restrict immediate upside. Overall bias remains positive, with a buy-on-dips strategy favoured as long as Bank Nifty sustains above the 57,000 mark.

Key Resistance: 58,600, 58,800

Key Support: 58,000, 57,700

Strategy: Buy Bank Nifty Futures on dips near 58,000, with a stop-loss below 57,700, targeting 58,700.

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 a two-day losing streak and closed with moderate gains, though it failed to move back above the 10-day EMA. The index continued its lower high–lower low formation on a daily basis for the third straight session on October 3, but remained well above the 20-day and 50-day EMAs.

The RSI (at 58.99) and Stochastic RSI showed a bearish crossover, while the MACD was on the verge of a negative crossover with a flat histogram — signaling some caution and possible consolidation in the short term.

Further, the India VIX, the fear index, extended its upward movement for the sixth straight session, approaching the 13 zone (near the 200-day Exponential Moving Average). It rose 4.22 percent to 12.67, marking its highest closing level since June 30 this year, indicating growing caution among bulls.

Experts expect the consolidation phase to continue in the index, with support at 25,650-25,600 and resistance at 25,800–25,950 in the upcoming sessions. Beyond this, the 26,000–26,100 zone will be the next area to watch. However, a decisive break below the key support could open the door for bearish action toward 25,500.

The Nifty 50 traded in a narrow range of around 100–150 points before closing the day at 25,763, up 41 points, forming a bullish candle with minor upper and lower shadows on the daily timeframe — indicating a positive bias amid volatility.

Structurally, while it may appear that not much has changed, a closer look reveals that prices successfully defended the key support zone around 25,650–25,600. This area coincides with the bullish breakout zone of the June swing high near 25,670, as well as the 20-DEMA support.

“It is common for price action to retest breakout zones before attempting further upside, and this retest is now clearly visible on the charts,” said Rajesh Bhosale, Equity Technical Analyst at Angel One.

Going ahead, he advised maintaining a buy-on-dips approach, with 25,650–25,600 acting as the immediate support zone, followed by 25,500 as the next strong retracement support.

On the flip side, resistance is seen around 25,900–26,000, while the upper band of last week’s range near 26,200–26,300 remains a major hurdle for the bulls, he added.

The weekly options data continues to show 26,000 as a strong resistance level for the Nifty 50, while support lies in the 25,700–25,500 range.

The maximum Call open interest (OI) was observed at the 26,000 strike, followed by 25,900 and 26,100 strikes, with the maximum Call writing at the 25,750, 25,800, and 25,850 strikes.
On the other hand, the 25,700 strike holds the maximum Put open interest, followed by 25,600 and 25,500 strikes, with maximum Put writing seen at the 25,700, 25,650, and 25,600 strikes.

Bank Nifty View

The Bank Nifty outperformed the benchmark Nifty 50, rising 325 points to 58,101, and formed a bullish candle with a minor upper shadow on the daily chart — indicating a positive trend with mild profit-booking at higher levels, supported by buying in PSU banks. The index traded within the previous day’s range.

After climbing above the 10-day EMA, the banking index traded above all key moving averages. However, the MACD showed a bearish crossover, with the histogram slipping below the zero line for the first time in a month. The RSI (65.6) and Stochastic RSI also remained in a negative crossover.

According to Sudeep Shah, Head – Technical Research and Derivatives at SBI Securities, the 57,650–57,700 zone is likely to act as an important support area, while resistance is placed around 58,250–58,350.

A decisive breakout above 58,350 could pave the way for an upside move toward 59,000 in the short term, he added.

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: Nifty may consolidate further with 20 DEMA support; VIX spikes 4-month high, signals caution

The Nifty 50 snapped a two-day losing streak and closed with moderate gains, though it failed to move back above the 10-day EMA. The index continued its lower high–lower low formation on a daily basis for the third straight session on October 3, but remained well above the 20-day and 50-day EMAs.

The RSI (at 58.99) and Stochastic RSI showed a bearish crossover, while the MACD was on the verge of a negative crossover with a flat histogram — signaling some caution and possible consolidation in the short term.

Further, the India VIX, the fear index, extended its upward movement for the sixth straight session, approaching the 13 zone (near the 200-day Exponential Moving Average). It rose 4.22 percent to 12.67, marking its highest closing level since June 30 this year, indicating growing caution among bulls.

Experts expect the consolidation phase to continue in the index, with support at 25,650-25,600 and resistance at 25,800–25,950 in the upcoming sessions. Beyond this, the 26,000–26,100 zone will be the next area to watch. However, a decisive break below the key support could open the door for bearish action toward 25,500.

The Nifty 50 traded in a narrow range of around 100–150 points before closing the day at 25,763, up 41 points, forming a bullish candle with minor upper and lower shadows on the daily timeframe — indicating a positive bias amid volatility.

Structurally, while it may appear that not much has changed, a closer look reveals that prices successfully defended the key support zone around 25,650–25,600. This area coincides with the bullish breakout zone of the June swing high near 25,670, as well as the 20-DEMA support.

“It is common for price action to retest breakout zones before attempting further upside, and this retest is now clearly visible on the charts,” said Rajesh Bhosale, Equity Technical Analyst at Angel One.

Going ahead, he advised maintaining a buy-on-dips approach, with 25,650–25,600 acting as the immediate support zone, followed by 25,500 as the next strong retracement support.

On the flip side, resistance is seen around 25,900–26,000, while the upper band of last week’s range near 26,200–26,300 remains a major hurdle for the bulls, he added.

The weekly options data continues to show 26,000 as a strong resistance level for the Nifty 50, while support lies in the 25,700–25,500 range.

The maximum Call open interest (OI) was observed at the 26,000 strike, followed by 25,900 and 26,100 strikes, with the maximum Call writing at the 25,750, 25,800, and 25,850 strikes.
On the other hand, the 25,700 strike holds the maximum Put open interest, followed by 25,600 and 25,500 strikes, with maximum Put writing seen at the 25,700, 25,650, and 25,600 strikes.

Bank Nifty View

The Bank Nifty outperformed the benchmark Nifty 50, rising 325 points to 58,101, and formed a bullish candle with a minor upper shadow on the daily chart — indicating a positive trend with mild profit-booking at higher levels, supported by buying in PSU banks. The index traded within the previous day’s range.

After climbing above the 10-day EMA, the banking index traded above all key moving averages. However, the MACD showed a bearish crossover, with the histogram slipping below the zero line for the first time in a month. The RSI (65.6) and Stochastic RSI also remained in a negative crossover.

According to Sudeep Shah, Head – Technical Research and Derivatives at SBI Securities, the 57,650–57,700 zone is likely to act as an important support area, while resistance is placed around 58,250–58,350.

A decisive breakout above 58,350 could pave the way for an upside move toward 59,000 in the short term, he added.

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.

Benchmark indices ended marginally higher in a rangebound session on November 3, with largecap shares underperforming while the midcap index hit a 52-week high.

The market saw a volatile session, however, buying in realty, telecom, PSU banks helped Nifty recover from the lows of 25,645.50. At close, the Sensex was up 39.78 points or 0.05 percent at 83,978.49, and the Nifty was up 41.25 points or 0.16 percent at 25,763.35. The broader indices outperformed the main indices with BSE Midcap index rising 0.6 percent and smallcap index adding 0.7 percent at close.

Also Read: <a href="https://www.moneycontrol.com/news/business/ipo/ipo-action-six-public-issues-worth-over-rs-10-700-cr-to-hit-dalal-street-this-week-13647460.html">IPOs this week: 6 public issues worth over Rs 10,700 crore to hit Dalal Street</a>

On the sectoral front, pharma, telecom, realty, PSU Bank indices added 1-2 percent.

Shriram Finance, M&amp;M, Apollo Hospitals, SBI, Tata Consumer were among major gainers on the Nifty, while losers included Maruti Suzuki, ITC, TCS, Bharat Electronics, L&amp;T.

Also Read: <a href="https://www.moneycontrol.com/news/business/ipo/orkla-india-ipo-allotment-date-today-how-to-check-status-on-registrar-nse-bse-check-latest-gmp-13648481.html">Orkla India IPO allotment date today: How to check status on registrar, NSE &amp; BSE; Check latest GMP</a>

In stock-specific action, Godrej Consumer shares rose 5 percent on September quarter earnings, Bank of Baroda shares added nearly 5 percent as Q2FY26 NPA fell, LG Balakrishnan shares price added 14 percent on profit growth, M&amp;M shares rose nearly 2 percent following strong October sales growth.

JK Cement shares fell 5 percent despite higher Q2FY26 numbers, Vedanta jumped over 3 percent on mixed Q2FY26, Maruti Suzuki shares slipped 3 percent, Schaeffler India shares surged 5 percent on profit growth, and Zen Technologies shares gained 3 percent on defence order.

Also Read: <a href="https://www.moneycontrol.com/news/business/companies/mufg-in-advanced-talks-with-shriram-finance-for-a-20-stake-13648799.html">MUFG in advanced talks with Shriram Finance for a 20% stake</a>

More than 1470 stocks touched their 52-week high on the BSE, including Shriram Finance, Navin Fluorine, Bank of Baroda, MCX India, L&amp;T Finance, BPCL, IIFL Finance, Aditya Birla Capital, Indian Bank, HPCL, Canara Bank, Laurus Labs, MRPL, Bank of India, IOC, SBI Life Insurance, SBI, Cummins India, Sammaan Capital, Federal Bank, among others. <a href="https://www.moneycontrol.com/stocks/marketstats/bsehigh/index.php">Click to View More</a>

Outlook for November 4

Shrikant Chouhan, Head Equity Research, Kotak Securities

Today, the benchmark indices witnessed range-bound activity. The Nifty ended 41 points higher, while the Sensex was up by 40 points. Among sectors, the Reality index outperformed today, rallied 2.40 percent, whereas intraday profit booking was seen in selective auto and IT stocks at higher levels. Technically, after a correction, the market has formed an intraday reversal pattern. Additionally, on daily charts, it has formed a small bullish candle, which is largely positive.

For day traders, 25700/83700 and 25650/ 83500 would act as key support zones. As long as the market trades above these levels, a pullback formation is likely to continue, with the index potentially moving up to 25875/84300. Further upside may also persist, which could lift the index to 26000/84700. On the flip side, below 25650/83500, the uptrend would become vulnerable. If the market falls below this level, the chances of hitting 25550/83200 would increase.

Ajit Mishra – SVP, Research, Religare Broking

Markets held steady on Monday, with the Nifty 50 closing nearly flat at 25,763.35, up 0.13%, indicating continued consolidation after a strong October rally. The index opened on a subdued note and remained range-bound throughout the session amid mixed global cues. Sectorally, the action was split — realty, pharma, and financials registered decent gains, while IT and FMCG lagged behind.

The cautious tone reflected measured positioning after a two-session decline. Investors also focused on festive auto sales, key earnings from Nifty heavyweights, and FII activity, while globally, lingering tension after the Fed hawkishness and ongoing trade discussions kept risk appetite in check. However, steady domestic inflows provided support, limiting the downside.

Going ahead, corporate earnings and trade deal developments are likely to guide market direction, in the absence of major triggers. Technically, Nifty is expected to see further consolidation, with critical support placed around 25,600. Amid this setup, we continue to recommend a selective approach, focusing on sectors showing relative strength, and preferring large-cap and large mid-cap stocks for long trades while maintaining moderate position sizes amid global uncertainty.
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: Sensex, Nifty flat in rangebound day but midcap index hits 52-week high; realty, PSU banks shine

Benchmark indices ended marginally higher in a rangebound session on November 3, with largecap shares underperforming while the midcap index hit a 52-week high.

The market saw a volatile session, however, buying in realty, telecom, PSU banks helped Nifty recover from the lows of 25,645.50. At close, the Sensex was up 39.78 points or 0.05 percent at 83,978.49, and the Nifty was up 41.25 points or 0.16 percent at 25,763.35. The broader indices outperformed the main indices with BSE Midcap index rising 0.6 percent and smallcap index adding 0.7 percent at close.

Also Read: IPOs this week: 6 public issues worth over Rs 10,700 crore to hit Dalal Street

On the sectoral front, pharma, telecom, realty, PSU Bank indices added 1-2 percent.

Shriram Finance, M&amp;amp;M, Apollo Hospitals, SBI, Tata Consumer were among major gainers on the Nifty, while losers included Maruti Suzuki, ITC, TCS, Bharat Electronics, L&amp;amp;T.

Also Read: Orkla India IPO allotment date today: How to check status on registrar, NSE &amp;amp; BSE; Check latest GMP

In stock-specific action, Godrej Consumer shares rose 5 percent on September quarter earnings, Bank of Baroda shares added nearly 5 percent as Q2FY26 NPA fell, LG Balakrishnan shares price added 14 percent on profit growth, M&amp;amp;M shares rose nearly 2 percent following strong October sales growth.

JK Cement shares fell 5 percent despite higher Q2FY26 numbers, Vedanta jumped over 3 percent on mixed Q2FY26, Maruti Suzuki shares slipped 3 percent, Schaeffler India shares surged 5 percent on profit growth, and Zen Technologies shares gained 3 percent on defence order.

Also Read: MUFG in advanced talks with Shriram Finance for a 20% stake

More than 1470 stocks touched their 52-week high on the BSE, including Shriram Finance, Navin Fluorine, Bank of Baroda, MCX India, L&amp;amp;T Finance, BPCL, IIFL Finance, Aditya Birla Capital, Indian Bank, HPCL, Canara Bank, Laurus Labs, MRPL, Bank of India, IOC, SBI Life Insurance, SBI, Cummins India, Sammaan Capital, Federal Bank, among others. Click to View More

Outlook for November 4

Shrikant Chouhan, Head Equity Research, Kotak Securities

Today, the benchmark indices witnessed range-bound activity. The Nifty ended 41 points higher, while the Sensex was up by 40 points. Among sectors, the Reality index outperformed today, rallied 2.40 percent, whereas intraday profit booking was seen in selective auto and IT stocks at higher levels. Technically, after a correction, the market has formed an intraday reversal pattern. Additionally, on daily charts, it has formed a small bullish candle, which is largely positive.

For day traders, 25700/83700 and 25650/ 83500 would act as key support zones. As long as the market trades above these levels, a pullback formation is likely to continue, with the index potentially moving up to 25875/84300. Further upside may also persist, which could lift the index to 26000/84700. On the flip side, below 25650/83500, the uptrend would become vulnerable. If the market falls below this level, the chances of hitting 25550/83200 would increase.

Ajit Mishra – SVP, Research, Religare Broking

Markets held steady on Monday, with the Nifty 50 closing nearly flat at 25,763.35, up 0.13%, indicating continued consolidation after a strong October rally. The index opened on a subdued note and remained range-bound throughout the session amid mixed global cues. Sectorally, the action was split — realty, pharma, and financials registered decent gains, while IT and FMCG lagged behind.

The cautious tone reflected measured positioning after a two-session decline. Investors also focused on festive auto sales, key earnings from Nifty heavyweights, and FII activity, while globally, lingering tension after the Fed hawkishness and ongoing trade discussions kept risk appetite in check. However, steady domestic inflows provided support, limiting the downside.

Going ahead, corporate earnings and trade deal developments are likely to guide market direction, in the absence of major triggers. Technically, Nifty is expected to see further consolidation, with critical support placed around 25,600. Amid this setup, we continue to recommend a selective approach, focusing on sectors showing relative strength, and preferring large-cap and large mid-cap stocks for long trades while maintaining moderate position sizes amid global uncertainty.
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.

Indian benchmark indices recovered from the day’s lows and ended in the green on November 3, starting the week on a positive note. The gains were led by realty, PSU banking, and pharma stocks. Despite the sharp swings during the day, market sentiment stayed positive with buying seen across most sectors.

At close, the Sensex rose 39.78 points or 0.05 percent to 83,978.49, while the Nifty gained 41.25 points or 0.16 percent to end at 25,763.35. About 2,144 shares advanced, 1,896 declined, and 205 remained unchanged.

Broader markets also showed resilience, with both the midcap and smallcap indices rising 0.7 percent each, outperforming the benchmarks. The India VIX climbed 4 percent as investors focused on stock-specific moves amid ongoing Q2 earnings announcements.

Among sectors, the Nifty PSU Bank index extended its winning run, gaining nearly 7 percent for the week. Buying interest in state-owned lenders came on the back of speculation about higher FII limits and stronger balance sheets. SBI, the index heavyweight, is set to announce its Q2 results tomorrow, with brokerages expecting stable asset quality and healthy loan and deposit growth.

Realty and pharma stocks also performed well, while FMCG, consumer durables, and IT stocks came under pressure.

In the primary market, Lenskart’s initial public offering saw a strong start, getting fully subscribed on its opening day. The IPO drew robust demand from both institutional and retail investors, reflecting strong appetite in the new issue space.

According to analysts at ICICI Securities, the current market pause offers an opportunity for incremental buying. They expect the next leg of the up move to take the Nifty towards its all-time high of 26,300 this month. The ongoing consolidation between 26,100 and 26,700 is seen as part of the broader structural uptrend.

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.

Sensex recovers 350 pts from day's low, Nifty back above 25,750 led by PSU banks, realty

Sensex recovers 400 pts from day's low, Nifty back above 25,750 led by PSU banks, realty

Indian benchmark indices recovered from the day’s lows and ended in the green on November 3, starting the week on a positive note. The gains were led by realty, PSU banking, and pharma stocks. Despite the sharp swings during the day, market sentiment stayed positive with buying seen across most sectors.

At close, the Sensex rose 39.78 points or 0.05 percent to 83,978.49, while the Nifty gained 41.25 points or 0.16 percent to end at 25,763.35. About 2,144 shares advanced, 1,896 declined, and 205 remained unchanged.

Broader markets also showed resilience, with both the midcap and smallcap indices rising 0.7 percent each, outperforming the benchmarks. The India VIX climbed 4 percent as investors focused on stock-specific moves amid ongoing Q2 earnings announcements.

Among sectors, the Nifty PSU Bank index extended its winning run, gaining nearly 7 percent for the week. Buying interest in state-owned lenders came on the back of speculation about higher FII limits and stronger balance sheets. SBI, the index heavyweight, is set to announce its Q2 results tomorrow, with brokerages expecting stable asset quality and healthy loan and deposit growth.

Realty and pharma stocks also performed well, while FMCG, consumer durables, and IT stocks came under pressure.

In the primary market, Lenskart’s initial public offering saw a strong start, getting fully subscribed on its opening day. The IPO drew robust demand from both institutional and retail investors, reflecting strong appetite in the new issue space.

According to analysts at ICICI Securities, the current market pause offers an opportunity for incremental buying. They expect the next leg of the up move to take the Nifty towards its all-time high of 26,300 this month. The ongoing consolidation between 26,100 and 26,700 is seen as part of the broader structural uptrend.

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.

12 out of 17 years NIFTY BANK has given positive returns in November.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	58,326.53	58,551.62	58,855.68	58,022.47	57,797.38	57,493.32	57,268.23
Fibonacci	58,224.60	58,349.48	58,551.62	58,022.47	57,820.33	57,695.45	57,493.32
Camarilla	58,149.96	58,198.46	58,246.97	58,022.47	58,052.94	58,004.44	57,955.93

INDEX CONTRIBUTION - NIFTY BANK

Net Contribution

MC TechnicalsPRO

Pivot levels

Seasonality analysis

News

Moving Averages
Technical Indicators
Moving Averages Crossovers