Nifty Mid Liq 15

Despite profit-booking from the record high zone, the technical and momentum indicators remain strong, along with the continuation of the higher-high, higher-low structure. The Nifty 50 is expected to consolidate as long as it trades below 26,300, with support at 26,100–26,000. However, a convincing move above 26,300 will open the door for the 26,500 level. Meanwhile, the Bank Nifty is likely to attempt touching the psychological 60,000 mark. Until then, rangebound trading may continue with support at the 59,500–59,300 zone, according to experts.

On November 27, the Nifty 50 advanced 10 points to 26,216, while the Bank Nifty jumped 209 points to 59,737. However, market breadth was tilted in favour of the bears, with about 1,520 shares declining compared to 1,318 rising shares on the NSE.

Nifty Outlook and Strategy

Dhupesh Dhameja, Derivative Research Analyst at Samco Securities

Nifty closed Thursday’s session on a strong note, registering a new lifetime high of 26,310 before witnessing mild profit-taking. The index continues to maintain its higher-high, higher-low structure and remains firmly above the 10-DEMA, reinforcing strong underlying momentum. A breakout above 26,300 could trigger fresh short-covering toward 26,500, while 26,000 remains a dependable demand zone.

Derivatives positioning stays supportive, with heavy Put writing at 26,000 and rising Call shifts to higher strikes. Momentum indicators, including RSI above 60, signal sustained bullish bias. The overall trend remains constructive, with dips likely to attract renewed accumulation.

Key Resistance: 26,300, 26,500, 26,700

Key Support: 26,150, 26,000, 25,900

Strategy: Traders may consider the Bull Put Spread strategy for the December 2 expiry by selling one lot of the 26,500 PE at Rs 273 and buying one lot of the 26,250 PE at Rs 107. This setup is designed to capitalize on potential upside momentum.

Stop-Loss: Hold the strategy until expiry, with the maximum Mark-to-Market (MTM) loss capped at Rs 6,292.

Target: Hold the strategy until expiry to achieve a maximum profit of Rs 12,450, or consider booking profits once the MTM gains exceed Rs 6,500.

Sumeet Bagadia, Executive Director at Choice Broking

The Nifty 50 index is now hovering in the 26,100–26,300 zone, suggesting a consolidation phase before a potential directional move. Going forward, immediate resistance lies at 26,300–26,400, and a sustained move above this range could open the door for a rally toward 26,500.

On the downside, support is seen at 26,150 and 26,000. As long as Nifty holds above the 26,000 mark, a buy-on-dips approach remains favourable, with traders advised to maintain strict stop-losses until a clear breakout or reversal emerges.

Key Resistance: 26,300, 26,400

Key Support: 26,000, 26,150

Strategy: Buy Nifty Futures on dips near 26,100 levels for a target of 26,400–26,500, with a stop-loss of 25,900 on a closing-basis.

Arun Kumar Mantri, Founder of Mantri FinMart

Nifty has been in bullish momentum and has tested fresh all-time highs, coupled with a massive breakout above 26,200 levels. The trend of the index is bullish, with key support placed at 25,950–26,000 levels, while 26,400–26,450 remains stiff resistance in the near term. The overall trend of the index appears bullish, and any dip will be a buying opportunity for short-term trades.

Key Resistance: 26,400, 26,450

Key Support: 26,000, 25,950

Strategy: We advise short-term traders to adopt a buy-on-dips approach in the markets toward 26,050 (spot levels), keeping a strict stop-loss below 25,950 and placing targets at 26,400 and 26,450 levels.

Bank Nifty - Outlook and Positioning

Dhupesh Dhameja, Derivative Research Analyst at Samco Securities

Nifty Bank ended Thursday’s trading on a strong footing, hitting a fresh peak of 59,866 and maintaining its dominant higher-high structure. The index continues to trade confidently above the 10-DEMA, with the 59,000–59,300 zone emerging as a firm demand area. A breakout above the psychological 60,000 mark—where sizeable Call open interest is parked—could unleash a fresh round of short-covering toward 60,500.

Derivatives positioning remains favourable, supported by aggressive Put writing at lower strikes. With RSI holding above 70 and price action sustaining in uncharted territory, the broader trend stays firmly upward, with dips likely to attract renewed accumulation.

Key Resistance: 60,000, 60,300, 60,500

Key Support: 59,500, 59,300, 59,000

Strategy: Traders may look to go long on Nifty Bank December Futures in the 60,100–60,150 zone, with a stop-loss placed below 59,900. Profit-booking can be considered around 60,400–60,500.

Sumeet Bagadia, Executive Director at Choice Broking

The Bank Nifty index indicated sustained bullish momentum despite intraday volatility. The index is currently hovering near the 59,600–59,900 zone, reflecting continued bullish sentiment. Immediate resistance is placed at 60,000, and a sustained move above this level may open the doors for a rally toward 60,200–60,500.

On the downside, key support lies at 59,500 and 59,300. As long as the index holds above 59,000, a buy-on-dips strategy remains appropriate, with traders advised to maintain strict stop-losses until a decisive breakout or reversal unfolds.

Key Resistance: 60,000, 60,500

Key Support: 59,500, 59,300

Strategy: Buy Bank Nifty Futures on dips near 59,500 levels for a target of 60,500–60,700, with a stop-loss of 59,300 on a closing-basis.

Arun Kumar Mantri, Founder of Mantri FinMart

Bank Nifty again gained massive momentum in the last couple of sessions and is now trading above the 59,500 mark with an aggressive bullish bias. The overall trend of the index is strong, with support placed at 59,300–59,450 on the lower side. On the other hand, resistance for the index is around 60,000–60,100, where significant Call writing has been witnessed in the December series.

Key Resistance: 60,000, 60,100

Key Support: 59,300, 59,400

Strategy: Aggressive traders may go long in the banking index on dips around 59,500, keeping a strict stop-loss below 59,300 for targets of 60,000–60,100 and higher.

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 extend their upward journey for a third straight session?

Despite profit-booking from the record high zone, the technical and momentum indicators remain strong, along with the continuation of the higher-high, higher-low structure. The Nifty 50 is expected to consolidate as long as it trades below 26,300, with support at 26,100–26,000. However, a convincing move above 26,300 will open the door for the 26,500 level. Meanwhile, the Bank Nifty is likely to attempt touching the psychological 60,000 mark. Until then, rangebound trading may continue with support at the 59,500–59,300 zone, according to experts.

On November 27, the Nifty 50 advanced 10 points to 26,216, while the Bank Nifty jumped 209 points to 59,737. However, market breadth was tilted in favour of the bears, with about 1,520 shares declining compared to 1,318 rising shares on the NSE.

Nifty Outlook and Strategy

Dhupesh Dhameja, Derivative Research Analyst at Samco Securities

Nifty closed Thursday’s session on a strong note, registering a new lifetime high of 26,310 before witnessing mild profit-taking. The index continues to maintain its higher-high, higher-low structure and remains firmly above the 10-DEMA, reinforcing strong underlying momentum. A breakout above 26,300 could trigger fresh short-covering toward 26,500, while 26,000 remains a dependable demand zone.

Derivatives positioning stays supportive, with heavy Put writing at 26,000 and rising Call shifts to higher strikes. Momentum indicators, including RSI above 60, signal sustained bullish bias. The overall trend remains constructive, with dips likely to attract renewed accumulation.

Key Resistance: 26,300, 26,500, 26,700

Key Support: 26,150, 26,000, 25,900

Strategy: Traders may consider the Bull Put Spread strategy for the December 2 expiry by selling one lot of the 26,500 PE at Rs 273 and buying one lot of the 26,250 PE at Rs 107. This setup is designed to capitalize on potential upside momentum.

Stop-Loss: Hold the strategy until expiry, with the maximum Mark-to-Market (MTM) loss capped at Rs 6,292.

Target: Hold the strategy until expiry to achieve a maximum profit of Rs 12,450, or consider booking profits once the MTM gains exceed Rs 6,500.

Sumeet Bagadia, Executive Director at Choice Broking

The Nifty 50 index is now hovering in the 26,100–26,300 zone, suggesting a consolidation phase before a potential directional move. Going forward, immediate resistance lies at 26,300–26,400, and a sustained move above this range could open the door for a rally toward 26,500.

On the downside, support is seen at 26,150 and 26,000. As long as Nifty holds above the 26,000 mark, a buy-on-dips approach remains favourable, with traders advised to maintain strict stop-losses until a clear breakout or reversal emerges.

Key Resistance: 26,300, 26,400

Key Support: 26,000, 26,150

Strategy: Buy Nifty Futures on dips near 26,100 levels for a target of 26,400–26,500, with a stop-loss of 25,900 on a closing-basis.

Arun Kumar Mantri, Founder of Mantri FinMart

Nifty has been in bullish momentum and has tested fresh all-time highs, coupled with a massive breakout above 26,200 levels. The trend of the index is bullish, with key support placed at 25,950–26,000 levels, while 26,400–26,450 remains stiff resistance in the near term. The overall trend of the index appears bullish, and any dip will be a buying opportunity for short-term trades.

Key Resistance: 26,400, 26,450

Key Support: 26,000, 25,950

Strategy: We advise short-term traders to adopt a buy-on-dips approach in the markets toward 26,050 (spot levels), keeping a strict stop-loss below 25,950 and placing targets at 26,400 and 26,450 levels.

Bank Nifty - Outlook and Positioning

Dhupesh Dhameja, Derivative Research Analyst at Samco Securities

Nifty Bank ended Thursday’s trading on a strong footing, hitting a fresh peak of 59,866 and maintaining its dominant higher-high structure. The index continues to trade confidently above the 10-DEMA, with the 59,000–59,300 zone emerging as a firm demand area. A breakout above the psychological 60,000 mark—where sizeable Call open interest is parked—could unleash a fresh round of short-covering toward 60,500.

Derivatives positioning remains favourable, supported by aggressive Put writing at lower strikes. With RSI holding above 70 and price action sustaining in uncharted territory, the broader trend stays firmly upward, with dips likely to attract renewed accumulation.

Key Resistance: 60,000, 60,300, 60,500

Key Support: 59,500, 59,300, 59,000

Strategy: Traders may look to go long on Nifty Bank December Futures in the 60,100–60,150 zone, with a stop-loss placed below 59,900. Profit-booking can be considered around 60,400–60,500.

Sumeet Bagadia, Executive Director at Choice Broking

The Bank Nifty index indicated sustained bullish momentum despite intraday volatility. The index is currently hovering near the 59,600–59,900 zone, reflecting continued bullish sentiment. Immediate resistance is placed at 60,000, and a sustained move above this level may open the doors for a rally toward 60,200–60,500.

On the downside, key support lies at 59,500 and 59,300. As long as the index holds above 59,000, a buy-on-dips strategy remains appropriate, with traders advised to maintain strict stop-losses until a decisive breakout or reversal unfolds.

Key Resistance: 60,000, 60,500

Key Support: 59,500, 59,300

Strategy: Buy Bank Nifty Futures on dips near 59,500 levels for a target of 60,500–60,700, with a stop-loss of 59,300 on a closing-basis.

Arun Kumar Mantri, Founder of Mantri FinMart

Bank Nifty again gained massive momentum in the last couple of sessions and is now trading above the 59,500 mark with an aggressive bullish bias. The overall trend of the index is strong, with support placed at 59,300–59,450 on the lower side. On the other hand, resistance for the index is around 60,000–60,100, where significant Call writing has been witnessed in the December series.

Key Resistance: 60,000, 60,100

Key Support: 59,300, 59,400

Strategy: Aggressive traders may go long in the banking index on dips around 59,500, keeping a strict stop-loss below 59,300 for targets of 60,000–60,100 and higher.

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.

Experts expect the Nifty 50 to march toward 26,500–26,600 in the upcoming sessions, though intermittent consolidation is likely. Support is placed at 26,000–26,100, followed by 25,900–25,850 as the crucial support zone.

The benchmark Nifty 50 finally hit a fresh record high above 26,300 after a 14-month consolidation phase, and managed to close flat with a positive bias on November 27. The expansion in Bollinger Bands, along with constructive technical and momentum indicators and a falling VIX, signalled a positive market mood. Experts expect the index to march toward 26,500–26,600 in the upcoming sessions, though intermittent consolidation is likely. Support is placed at 26,000–26,100, followed by 25,900–25,850 as the crucial support zone.

<img class="alignnone size-full wp-image-13700384 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251127173856_Image127112025.jpg" alt="Image127112025" 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> (26,216)

Resistance based on pivot points: 26,287, 26,327, and 26,391

Support based on pivot points: 26,158, 26,119, and 26,054

Special Formation: The Nifty 50 formed a bearish candle with upper and lower shadows on the daily timeframe, signalling consolidation after the breakout. However, the index continued its higher-high and higher-low structure, while key moving averages trended upward. The RSI at 63.45 sustained above its reference line, with a positive crossover in the Stochastic RSI. The MACD showed a bullish crossover with further strengthening in the histogram. All this indicates ongoing bullish momentum despite near-term consolidation.

2) Key Levels For The <a href="https://www.moneycontrol.com/indian-indices/nifty-bank-23.html" target="_blank">Bank Nifty</a> (59,737)

Resistance based on pivot points: 59,840, 59,921, and 60,053

Support based on pivot points: 59,578, 59,497, and 59,365

Resistance based on Fibonacci retracement: 60,906, 62,339

Support based on Fibonacci retracement: 59,234, 58,838

Special Formation: The Bank Nifty outperformed the benchmark Nifty 50, rising 0.35 percent. It formed a bullish candle with an upper shadow on the daily charts and maintained a higher-top, higher-bottom formation, signalling continuation of its upward journey. The index hit a fresh high of 59,866 and closed near the upper line of the Bollinger Bands, which expanded on both sides. The RSI at 72.05, along with the Stochastic RSI and MACD, maintained bullish crossovers, with the MACD histogram climbing above the zero line. All this indicates strong bullish momentum and the potential for further upside.

<img class="alignnone size-full wp-image-13700385 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251127173916_Image227112025.jpg" alt="Image227112025" 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 26,500 strike holds the maximum Call open interest (with 1.06 crore contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 26,300 strike (93.16 lakh contracts) and 26,600 strike (83.88 lakh contracts).

Maximum Call writing was observed at the 26,600 strike, which saw an addition of 45.25 lakh contracts, followed by the 26,300 and 26,400 strikes, which added 41.82 lakh and 29.21 lakh contracts, respectively. The maximum Call unwinding was seen at the 26,000 strike, which shed 10.61 lakh contracts, followed by the 26,100 and 26,050 strikes, which shed 8.46 lakh and 3.56 lakh contracts, respectively.

<img class="alignnone size-full wp-image-13700386 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251127173933_Image427112025.jpg" alt="Image427112025" width="1255" height="341" />

4) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Nifty Put Options Data</a>

On the Put side, the maximum Put open interest was seen at the 26,000 strike (with 1.53 crore contracts), which can act as a key support level for the Nifty in the short term. It was followed by the 26,100 strike (83.6 lakh contracts) and the 25,900 strike (80.56 lakh contracts).

The maximum Put writing was placed at the 26,250 strike, which saw an addition of 12.61 lakh contracts, followed by the 25,700 and 25,650 strikes, which added 9.06 lakh and 9.01 lakh contracts, respectively. The maximum Put unwinding was seen at the 26,100 strike, which shed 15.12 lakh contracts, followed by the 26,000 and 25,950 strikes, which shed 15.07 lakh and 7.14 lakh contracts, respectively.

<img class="alignnone size-full wp-image-13700387 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251127173952_Image527112025.jpg" alt="Image527112025" width="1244" height="342" />

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 maximum Call open interest was seen at the 58,500 strike, with 12.91 lakh contracts. This can act as a key level for the index in the short term. It was followed by the 60,000 strike (9.72 lakh contracts) and the 62,000 strike (6.97 lakh contracts).

Maximum Call writing was observed at the 60,000 strike (with the addition of 1.89 lakh contracts), followed by the 59,900 strike (70,735 contracts) and 60,100 strike (47,005 contracts). The maximum Call unwinding was seen at the 59,500 strike, which shed 80,815 contracts, followed by the 59,000 and 59,400 strikes, which shed 70,315 and 60,130 contracts, respectively.

<img class="alignnone size-full wp-image-13700388 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251127174009_Image627112025.jpg" alt="Image627112025" width="1259" height="342" />

6) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Bank Nifty Put Options Data</a>

On the Put side, the 58,500 strike holds the maximum Put open interest (with 20.6 lakh contracts), which can act as a key support level for the index. This was followed by the 59,000 strike (11.7 lakh contracts) and the 59,500 strike (7.12 lakh contracts).

The maximum Put writing was placed at the 60,000 strike (which added 2.95 lakh contracts), followed by the 59,700 strike (1.56 lakh contracts) and the 59,600 strike (90,510 contracts). The maximum Put unwinding was seen at the 59,400 strike, which shed 21,245 contracts, followed by the 58,600 and 59,100 strikes, which shed 17,080 and 14,280 contracts, respectively.

<img class="alignnone size-full wp-image-13700389 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251127174025_Image727112025.jpg" alt="Image727112025" width="1257" height="338" />

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-13700390 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251127174040_Image827112025.jpg" alt="Image827112025" width="820" height="391" />

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 1.16 on November 27, compared to 1.45 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-13700391 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251127174056_Image927112025.jpg" alt="Image927112025" width="1252" height="497" />

9) <a href="https://www.moneycontrol.com/indian-indices/india-vix-36.html" target="_blank">India VIX</a>

The India VIX, which measures expected market volatility, extended its downtrend for the fourth consecutive session and dropped below all key moving averages, falling 1.52 percent to 11.79. This signals low volatility and provides comfort to the bulls.

<img class="alignnone size-full wp-image-13700392 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251127174113_Image327112025.jpg" alt="Image327112025" width="1281" height="646" />

10) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Long Build-up (50 Stocks)</a>

A long build-up was seen in 50 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.

<img class="alignnone size-full wp-image-13700393 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251127174129_Image1027112025.jpg" alt="Image1027112025" width="552" height="235" />

11) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Long Unwinding (25 Stocks)</a>

25 stocks saw a decline in open interest (OI) along with a fall in price, indicating long unwinding.

<img class="alignnone size-full wp-image-13700394 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251127174144_Image1127112025.jpg" alt="Image1127112025" width="563" height="235" />

12) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Short Build-up (110 Stocks)</a>

110 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-13700395 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251127174201_Image1227112025.jpg" alt="Image1227112025" width="562" height="235" />

13) <a href="https://www.moneycontrol.com/markets/fno-market-snapshot" target="_blank">Short-Covering (27 Stocks)</a>

27 stocks saw short-covering, meaning a decrease in OI, along with a price increase.

<img class="alignnone size-full wp-image-13700396 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251127174218_Image1327112025.jpg" alt="Image1327112025" width="549" 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-13700397 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251127174233_Image1427112025.jpg" alt="Image1427112025" width="743" 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.

Trade setup for November 28: Top 15 things to know before the opening bells

The benchmark Nifty 50 finally hit a fresh record high above 26,300 after a 14-month consolidation phase, and managed to close flat with a positive bias on November 27. The expansion in Bollinger Bands, along with constructive technical and momentum indicators and a falling VIX, signalled a positive market mood. Experts expect the index to march toward 26,500–26,600 in the upcoming sessions, though intermittent consolidation is likely. Support is placed at 26,000–26,100, followed by 25,900–25,850 as the crucial support zone.



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

1) Key Levels For The Nifty 50 (26,216)

Resistance based on pivot points: 26,287, 26,327, and 26,391

Support based on pivot points: 26,158, 26,119, and 26,054

Special Formation: The Nifty 50 formed a bearish candle with upper and lower shadows on the daily timeframe, signalling consolidation after the breakout. However, the index continued its higher-high and higher-low structure, while key moving averages trended upward. The RSI at 63.45 sustained above its reference line, with a positive crossover in the Stochastic RSI. The MACD showed a bullish crossover with further strengthening in the histogram. All this indicates ongoing bullish momentum despite near-term consolidation.

2) Key Levels For The Bank Nifty (59,737)

Resistance based on pivot points: 59,840, 59,921, and 60,053

Support based on pivot points: 59,578, 59,497, and 59,365

Resistance based on Fibonacci retracement: 60,906, 62,339

Support based on Fibonacci retracement: 59,234, 58,838

Special Formation: The Bank Nifty outperformed the benchmark Nifty 50, rising 0.35 percent. It formed a bullish candle with an upper shadow on the daily charts and maintained a higher-top, higher-bottom formation, signalling continuation of its upward journey. The index hit a fresh high of 59,866 and closed near the upper line of the Bollinger Bands, which expanded on both sides. The RSI at 72.05, along with the Stochastic RSI and MACD, maintained bullish crossovers, with the MACD histogram climbing above the zero line. All this indicates strong bullish momentum and the potential for further upside.



3) Nifty Call Options Data

According to the weekly options data, the 26,500 strike holds the maximum Call open interest (with 1.06 crore contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 26,300 strike (93.16 lakh contracts) and 26,600 strike (83.88 lakh contracts).

Maximum Call writing was observed at the 26,600 strike, which saw an addition of 45.25 lakh contracts, followed by the 26,300 and 26,400 strikes, which added 41.82 lakh and 29.21 lakh contracts, respectively. The maximum Call unwinding was seen at the 26,000 strike, which shed 10.61 lakh contracts, followed by the 26,100 and 26,050 strikes, which shed 8.46 lakh and 3.56 lakh contracts, respectively.



4) Nifty Put Options Data

On the Put side, the maximum Put open interest was seen at the 26,000 strike (with 1.53 crore contracts), which can act as a key support level for the Nifty in the short term. It was followed by the 26,100 strike (83.6 lakh contracts) and the 25,900 strike (80.56 lakh contracts).

The maximum Put writing was placed at the 26,250 strike, which saw an addition of 12.61 lakh contracts, followed by the 25,700 and 25,650 strikes, which added 9.06 lakh and 9.01 lakh contracts, respectively. The maximum Put unwinding was seen at the 26,100 strike, which shed 15.12 lakh contracts, followed by the 26,000 and 25,950 strikes, which shed 15.07 lakh and 7.14 lakh contracts, respectively.



5) Bank Nifty Call Options Data

According to the monthly options data, the maximum Call open interest was seen at the 58,500 strike, with 12.91 lakh contracts. This can act as a key level for the index in the short term. It was followed by the 60,000 strike (9.72 lakh contracts) and the 62,000 strike (6.97 lakh contracts).

Maximum Call writing was observed at the 60,000 strike (with the addition of 1.89 lakh contracts), followed by the 59,900 strike (70,735 contracts) and 60,100 strike (47,005 contracts). The maximum Call unwinding was seen at the 59,500 strike, which shed 80,815 contracts, followed by the 59,000 and 59,400 strikes, which shed 70,315 and 60,130 contracts, respectively.



6) Bank Nifty Put Options Data

On the Put side, the 58,500 strike holds the maximum Put open interest (with 20.6 lakh contracts), which can act as a key support level for the index. This was followed by the 59,000 strike (11.7 lakh contracts) and the 59,500 strike (7.12 lakh contracts).

The maximum Put writing was placed at the 60,000 strike (which added 2.95 lakh contracts), followed by the 59,700 strike (1.56 lakh contracts) and the 59,600 strike (90,510 contracts). The maximum Put unwinding was seen at the 59,400 strike, which shed 21,245 contracts, followed by the 58,600 and 59,100 strikes, which shed 17,080 and 14,280 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 1.16 on November 27, compared to 1.45 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, which measures expected market volatility, extended its downtrend for the fourth consecutive session and dropped below all key moving averages, falling 1.52 percent to 11.79. This signals low volatility and provides comfort to the bulls.



10) Long Build-up (50 Stocks)

A long build-up was seen in 50 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.



11) Long Unwinding (25 Stocks)

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



12) Short Build-up (110 Stocks)

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



13) Short-Covering (27 Stocks)

27 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 benchmark equity indices scaled fresh record levels in intra-day trade on Thursday before ending with modest gains, supported by firm global cues on expectations of a US Federal Reserve rate cut and continued foreign fund inflows.

The Sensex rose 110.88 points or 0.13 percent to close at 85,720.38. It touched an all-time high of 86,055.86 during the session, surpassing its previous record of 85,978.25 hit on September 27, 2024.

The Nifty advanced 10.25 points, or 0.04 percent to end at 26,215.55 after hitting a new peak of 26,310.45 earlier in the day. The index had last set an intra-day high of 26,277.35 on September 27, 2024.

Analysts said the short-term trend remains positive, with scope for the Nifty to move towards 26,500, while major support is seen near 25,800.

Ajit Mishra, SVP–Research, Religare Broking, said the index is expected to maintain its upward bias. "Immediate support lies in the 26,100–26,050 region, with major support near 25,800."

Sudeep Shah, Head – Technical and Derivatives Research, SBI Securities, said the 26,300–26,330 zone remains a key hurdle for the Nifty. "A sustained move above 26,330 could fuel an upside rally towards 26,500 in the short term. On the downside, support is placed at 26,090–26,060," he said.

Shah added that the Bank Nifty also touched a new all-time high on Thursday and is likely to extend its gains. He pegged near-term targets at 60,100 and 60,500, with support at 59,400–59,300.

Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities, said the formation of a small red candle on the daily chart suggests near-term consolidation. "The market may see more choppy movement before another leg of upside. Immediate support is at 26,100–26,050, while the next resistance to watch is around 26,600," he said.

Major Asian markets, including South Korea’s Kospi, Japan’s Nikkei 225, China’s SSE Composite and Hong Kong’s Hang Seng, ended in positive territory.

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.

Technical View | Markets hit record high: Experts see short term rally to 26,500 for Nifty with major support near 25,800

The benchmark equity indices scaled fresh record levels in intra-day trade on Thursday before ending with modest gains, supported by firm global cues on expectations of a US Federal Reserve rate cut and continued foreign fund inflows.

The Sensex rose 110.88 points or 0.13 percent to close at 85,720.38. It touched an all-time high of 86,055.86 during the session, surpassing its previous record of 85,978.25 hit on September 27, 2024.

The Nifty advanced 10.25 points, or 0.04 percent to end at 26,215.55 after hitting a new peak of 26,310.45 earlier in the day. The index had last set an intra-day high of 26,277.35 on September 27, 2024.

Analysts said the short-term trend remains positive, with scope for the Nifty to move towards 26,500, while major support is seen near 25,800.

Ajit Mishra, SVP–Research, Religare Broking, said the index is expected to maintain its upward bias. &quot;Immediate support lies in the 26,100–26,050 region, with major support near 25,800.&quot;

Sudeep Shah, Head – Technical and Derivatives Research, SBI Securities, said the 26,300–26,330 zone remains a key hurdle for the Nifty. &quot;A sustained move above 26,330 could fuel an upside rally towards 26,500 in the short term. On the downside, support is placed at 26,090–26,060,&quot; he said.

Shah added that the Bank Nifty also touched a new all-time high on Thursday and is likely to extend its gains. He pegged near-term targets at 60,100 and 60,500, with support at 59,400–59,300.

Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities, said the formation of a small red candle on the daily chart suggests near-term consolidation. &quot;The market may see more choppy movement before another leg of upside. Immediate support is at 26,100–26,050, while the next resistance to watch is around 26,600,&quot; he said.

Major Asian markets, including South Korea’s Kospi, Japan’s Nikkei 225, China’s SSE Composite and Hong Kong’s Hang Seng, ended in positive territory.

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 Indian equity indices touched fresh record highs on November 27, surpassing the previous high touched on September 27, 2024. The market traded in a positive territory on rising expectations of rate cut by Federal Reserve and Reserve Bank of India in their December policy meetings and possible Russia-Ukraine peace deal.

Indices started the session on a high and extended buying helped BSE Sensex and Nifty 50 touched their new record peak of 86,055.86 and 26,310.45, respectively. However, profit booking in the second half erased most of the gains to close with little change.

With today's rally, BSE Sensex and Nifty surpassed 86,000 and 26,300, respectively, for the first time in intraday trade.

At close, the Sensex was up 110.87 points or 0.13 percent at 85,720.38, and the Nifty was up 10.25 points or 0.04 percent at 26,215.55.

Also Read - <a href="https://www.moneycontrol.com/news/business/commodities/jp-morgan-warns-of-steep-oil-price-fall-to-30-by-fy27-report-13696090.html">JP Morgan warns of steep oil price fall to $30s by FY27: Report</a>

Nifty Midcap 100 index also touched new record high before settling with no change, while Nifty small-cap index shed 0.5 percent.

Nifty Bank index also rallied to fresh record high of 59,866.60, closing 0.35 percent higher at 59,737.30.

Also Read: <a href="https://www.moneycontrol.com/news/business/earnings/most-mid-and-small-cap-stocks-struggle-despite-benchmark-rally-in-november-13698350.html">Most mid and small-cap stocks struggle despite benchmark rally in November</a>

On the sectoral front, except media, IT, Private Bank, all other indices ended in the red with oil &amp; gas, realty, consumer durables, energy down 0.5% each.

Bajaj Finance, HUL, Bajaj Finserv, ICICI Bank, Shriram Finance were among major gainers on the Nifty, while losers were Eicher Motors, ONGC, Eternal, Maruti Suzuki, Bajaj Auto.

Also Read: <a href="https://www.moneycontrol.com/news/business/rbi-expected-to-cut-rates-to-5-25-on-december-5-reuters-poll-13698345.html">RBI expected to cut rates to 5.25% on December 5: Reuters poll</a>

In stock-specific action, Studds Accessories shares shed 1% despite profit jumping 18%, Whirlpool of India share price shed 11% after 1.5 crore shares (11.8% equity) change hands in block deal, Sterling &amp; Wilson Renewable share price rose 1% on order winning of Rs 1,313 crore in South Africa, CarTrade Tech shares slipped 3.5% on terminating the proposed transaction with Girnar Software, Glenmark Pharma shares rose 1% post USFDA issued EIR for its Monroe facility, Patel Engineering shares jumped 12% on getting orders worth Rs 798 crore.

Also Read: <a href="https://www.moneycontrol.com/news/business/personal-finance/should-you-invest-in-bonds-key-benefits-risks-and-sebi-warnings-explained-13698391.html">Should you invest in bonds? Key benefits, risks and SEBI warnings explained</a>

More than 120 stocks hit 52-week high, including Ashok Leyland, M&amp;M Financial, MCX India, Shriram Finance, BHEL, L&amp;T, L&amp;T Finance, Hero MotoCorp, PNB, Axis Bank, GMR Airports, Reliance Industries, Max Financial, among others. <a href="https://www.moneycontrol.com/stocks/market-stats/52-week-high-bse/?indexName=BSE%2520500&amp;id=12">Click to View More</a>

Outlook for November 28

Rupak De, Senior Technical Analyst at LKP Securities

The index remained sideways after a positive start, ending the day almost unchanged. On Thursday, the Nifty registered a new all-time high after 14 months, but the breakout was muted, and the index moved sideways thereafter.

The short-term trend, however, remains positive, with the index trading comfortably above all major moving averages. The RSI is in a bullish crossover, and the higher-top, higher-bottom structure appears intact, confirming an ascending chart pattern.

On the lower end, support is placed at 26,000; until this level is breached, the index may move towards 26,440/26,580. A buy-on-dips approach would be a better strategy, as some consolidation in the near term is expected after the recent sharp up-move.

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

After witnessing an excellent breakout on Wednesday, Nifty shifted into a consolidation at the new all-time highs on Thursday and closed the day higher by 10 points amidst volatility. After opening on a positive note, the market registered a new all-time high at 26310 levels in the early part of the session. It later failed to gather momentum at the new highs and slipped into minor weakness amidst range bound action.

A small red candle was formed on the daily chart with minor upper and lower shadow. Technically, this market action indicates a consolidation movement in the market post breakout. This market action also suggests some more choppy movement for the short term before showing another round of sharp upmove in the near-term. Immediate support is placed at 26100-26050. Next upside levels to be watched around 26600.

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 retreat from record highs; media, private banks shine

The Indian equity indices touched fresh record highs on November 27, surpassing the previous high touched on September 27, 2024. The market traded in a positive territory on rising expectations of rate cut by Federal Reserve and Reserve Bank of India in their December policy meetings and possible Russia-Ukraine peace deal.

Indices started the session on a high and extended buying helped BSE Sensex and Nifty 50 touched their new record peak of 86,055.86 and 26,310.45, respectively. However, profit booking in the second half erased most of the gains to close with little change.

With today's rally, BSE Sensex and Nifty surpassed 86,000 and 26,300, respectively, for the first time in intraday trade.

At close, the Sensex was up 110.87 points or 0.13 percent at 85,720.38, and the Nifty was up 10.25 points or 0.04 percent at 26,215.55.

Also Read - JP Morgan warns of steep oil price fall to $30s by FY27: Report

Nifty Midcap 100 index also touched new record high before settling with no change, while Nifty small-cap index shed 0.5 percent.

Nifty Bank index also rallied to fresh record high of 59,866.60, closing 0.35 percent higher at 59,737.30.

Also Read: Most mid and small-cap stocks struggle despite benchmark rally in November

On the sectoral front, except media, IT, Private Bank, all other indices ended in the red with oil &amp;amp; gas, realty, consumer durables, energy down 0.5% each.

Bajaj Finance, HUL, Bajaj Finserv, ICICI Bank, Shriram Finance were among major gainers on the Nifty, while losers were Eicher Motors, ONGC, Eternal, Maruti Suzuki, Bajaj Auto.

Also Read: RBI expected to cut rates to 5.25% on December 5: Reuters poll

In stock-specific action, Studds Accessories shares shed 1% despite profit jumping 18%, Whirlpool of India share price shed 11% after 1.5 crore shares (11.8% equity) change hands in block deal, Sterling &amp;amp; Wilson Renewable share price rose 1% on order winning of Rs 1,313 crore in South Africa, CarTrade Tech shares slipped 3.5% on terminating the proposed transaction with Girnar Software, Glenmark Pharma shares rose 1% post USFDA issued EIR for its Monroe facility, Patel Engineering shares jumped 12% on getting orders worth Rs 798 crore.

Also Read: Should you invest in bonds? Key benefits, risks and SEBI warnings explained

More than 120 stocks hit 52-week high, including Ashok Leyland, M&amp;amp;M Financial, MCX India, Shriram Finance, BHEL, L&amp;amp;T, L&amp;amp;T Finance, Hero MotoCorp, PNB, Axis Bank, GMR Airports, Reliance Industries, Max Financial, among others. Click to View More

Outlook for November 28

Rupak De, Senior Technical Analyst at LKP Securities

The index remained sideways after a positive start, ending the day almost unchanged. On Thursday, the Nifty registered a new all-time high after 14 months, but the breakout was muted, and the index moved sideways thereafter.

The short-term trend, however, remains positive, with the index trading comfortably above all major moving averages. The RSI is in a bullish crossover, and the higher-top, higher-bottom structure appears intact, confirming an ascending chart pattern.

On the lower end, support is placed at 26,000; until this level is breached, the index may move towards 26,440/26,580. A buy-on-dips approach would be a better strategy, as some consolidation in the near term is expected after the recent sharp up-move.

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

After witnessing an excellent breakout on Wednesday, Nifty shifted into a consolidation at the new all-time highs on Thursday and closed the day higher by 10 points amidst volatility. After opening on a positive note, the market registered a new all-time high at 26310 levels in the early part of the session. It later failed to gather momentum at the new highs and slipped into minor weakness amidst range bound action.

A small red candle was formed on the daily chart with minor upper and lower shadow. Technically, this market action indicates a consolidation movement in the market post breakout. This market action also suggests some more choppy movement for the short term before showing another round of sharp upmove in the near-term. Immediate support is placed at 26100-26050. Next upside levels to be watched around 26600.

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.

After hitting fresh all-time highs in trade, benchmark indices Nifty 50 and Sensex have retreated from their records settling flat on November 27.

At close, the Sensex was up 110.87 points or 0.13 percent at 85,720.38, and the Nifty was up 10.25 points or 0.04 percent at 26,215.55. About 1,900 shares advanced, 2,073 shares declined, and 167 shares were unchanged.

The sectors settled mixed, with financial services, media, IT and private banks posting modest gains, while autos and FMCG remained largely flat. Weakness was visible in PSU banks, realty, consumer durables, metal, oil and gas, and healthcare, which slipped into the red. Pharma held steady with no major movement.

Nifty 50 hitting a new high after 14 months is an important sign that market sentiment has turned strongly positive. The index had been consolidating near its previous peak of 26,277 for over a year, holding key support levels of 26,000-25,800.

The rally has been reinforced by expectations of rate cuts from both the RBI and the US Federal Reserve - a shift that improves visibility for interest-rate-sensitive sectors and could trigger renewed FPI inflows.

Alongside this, early signs of an earnings recovery from Q3 - supported by GST rationalisation and improving rural demand - are improving confidence in the earnings cycle, said Ajay Menon, MD &amp; CEO - Wealth Management, Motilal Oswal Financial Services.

"Optimism around a potential trade agreement boosting export-linked sectors has further strengthened sentiment. Together, these factors are driving investors to move beyond selective positioning and reposition portfolios for a more broad-based market upcycle," Menon added.

"This breakout above 26,277 confirms that the long-term uptrend is intact and gaining strength. It also reflects renewed institutional buying, supported by better macro conditions, stable earnings, and participation from multiple sectors," said Amruta Shinde, Technical &amp; Derivative Analyst at Choice Broking.

Shinde added that the Nifty 50 has moved above its earlier resistance zone of 26,250-26,280, which now becomes a strong support area for future rallies. Market breadth remains healthy, showing that the rise is not limited to a few stocks. Key sectors like banking, autos, and capital goods are leading the momentum, adding confidence to the breakout.

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 retreats from record high, Nifty settles flat after erasing day's gains

After hitting fresh all-time highs in trade, benchmark indices Nifty 50 and Sensex have retreated from their records settling flat on November 27.

At close, the Sensex was up 110.87 points or 0.13 percent at 85,720.38, and the Nifty was up 10.25 points or 0.04 percent at 26,215.55. About 1,900 shares advanced, 2,073 shares declined, and 167 shares were unchanged.

The sectors settled mixed, with financial services, media, IT and private banks posting modest gains, while autos and FMCG remained largely flat. Weakness was visible in PSU banks, realty, consumer durables, metal, oil and gas, and healthcare, which slipped into the red. Pharma held steady with no major movement.

Nifty 50 hitting a new high after 14 months is an important sign that market sentiment has turned strongly positive. The index had been consolidating near its previous peak of 26,277 for over a year, holding key support levels of 26,000-25,800.

The rally has been reinforced by expectations of rate cuts from both the RBI and the US Federal Reserve - a shift that improves visibility for interest-rate-sensitive sectors and could trigger renewed FPI inflows.

Alongside this, early signs of an earnings recovery from Q3 - supported by GST rationalisation and improving rural demand - are improving confidence in the earnings cycle, said Ajay Menon, MD &amp;amp; CEO - Wealth Management, Motilal Oswal Financial Services.

&quot;Optimism around a potential trade agreement boosting export-linked sectors has further strengthened sentiment. Together, these factors are driving investors to move beyond selective positioning and reposition portfolios for a more broad-based market upcycle,&quot; Menon added.

&quot;This breakout above 26,277 confirms that the long-term uptrend is intact and gaining strength. It also reflects renewed institutional buying, supported by better macro conditions, stable earnings, and participation from multiple sectors,&quot; said Amruta Shinde, Technical &amp;amp; Derivative Analyst at Choice Broking.

Shinde added that the Nifty 50 has moved above its earlier resistance zone of 26,250-26,280, which now becomes a strong support area for future rallies. Market breadth remains healthy, showing that the rise is not limited to a few stocks. Key sectors like banking, autos, and capital goods are leading the momentum, adding confidence to the breakout.

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.

7 out of 10 years Nifty Mid Liq 15 has given positive returns in November.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	16,722.83	16,766.02	16,839.28	16,649.57	16,606.38	16,533.12	16,489.93
Fibonacci	16,694.05	16,721.53	16,766.02	16,649.57	16,605.08	16,577.60	16,533.12
Camarilla	16,690.32	16,701.00	16,711.67	16,649.57	16,668.98	16,658.30	16,647.63

INDEX CONTRIBUTION - Nifty Mid Liq 15

Net Contribution

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