GIFT Nifty implies positive open for Nifty, Sensex on strong global cues; key levels to watch on November 27

On Wednesday, the Nifty surged 320.50 points to settle at 26,205.30.

Leading equity indices Nifty 50 and Sensex are likely to extend their gains from the previous session to open in the green on November 27, as global equity markets price in a higher likelihood of the U.S. Federal Reserve trimming its interest rate.

At 7.10 a.m., the GIFT Nifty index was quoting 26,448, higher by 60 points or 0.2 percent.

Major U.S. indices — including the S&P 500, Dow Jones, and Nasdaq — posted another session of solid advances as softer Treasury yields and renewed policy optimism strengthened risk appetite.

The S&P 500 Index closed 0.7 percent higher, putting the benchmark on track for a fourth-straight day of gains. The tech-heavy Nasdaq 100 Index gained 0.87 percent, while the blue-chip Dow Jones index gained 0.67 percent in trade.

This upbeat sentiment has carried into today’s global trade, with Asian markets opening higher.

"Overall, the global backdrop remains supportive, setting a constructive tone for Indian equities ahead of the opening bell," said Ponmudi R, CEO, Enrich Money.

Key levels to watch on November 27

Nifty index staged a strong rebound, marking its biggest single-day gain in nearly four months, supported by expectations of further rate cuts and robust traction in major heavyweight stocks. "The index completely erased the previous three sessions of declines with a decisive bullish engulfing candle, reaffirming the continuation of its upward trajectory. A firm reversal from the 25,800 support zone once again validated this region as a solid demand base," said Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities.

On the upside, the 26,250–26,300 region - which coincides with the earlier all-time high - remains the immediate supply zone. Given the current setup, the index appears well-positioned to attempt a breakout and move past its earlier peak. He added that as long as Nifty holds above its support band, the broader trend is expected to stay constructive, with every corrective move likely to attract fresh accumulation.

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