On the higher side, the 25,650–25,700 band will act as an immediate resistance zone for the Nifty 50. A decisive close above 25,700 could reignite bullish momentum, paving the way for an advance towards 26,000 and subsequently 26,300 in the short term, said Sudeep Shah.
Analysts said the current phase reflects cautious sentiment among market participants amid persistent global uncertainties and the absence of major domestic triggers.
The rebound in the Bank Nifty index today came even as broader benchmarks were largely flat. The recovery follows a technical breakdown earlier in the week.
If the benchmark Nifty 50 breaks its 25,450 support, a fall toward 25,350–25,300 is possible. However, in case of a rebound, 25,700–25,800 are the levels to watch.
Experts expect the Nifty 50 to decline further towards 25,450. A decisive break below this level could open the door for a fall to 25,350–25,300. However, on the higher side, resistance is placed in the 25,700–25,800 zone.
Weekly options data indicated that the Nifty may trade in the 25,000–26,000 range in the short term.
SEBI's crackdown on weekly options has triggered a revenue crisis across Indian brokerages and exchanges, with 26 lakh active clients exiting in the September quarter alone—prompting desperate appeals to restore Bank Nifty trading
Indian company earnings so far for the September 2025 quarter show a mixed performance. Key sectors like financials and automotive showed robust domestic-driven performance, while export-oriented sectors like IT faced headwinds, said Devang Mehta.
If the Nifty 50 manages to defend the 25,590 level, the 25,700–25,800 levels are to be watched; however, falling below it can open the door for 25,450 support (the September high, which can now act as a support).
According to experts, if the Nifty 50 sustains below 25,600, the 25,500–25,400 levels will be key support zones to watch. On the upside, resistance may be faced at the 25,750–25,800 levels, above which 25,600 could be possible.
The Nifty Realty Index has formed a strong base and recently broke out from a rectangle pattern on the daily chart, indicating the potential for a follow-up move on the upside towards Rs 1,050 in the near term, says Jain
Weekly options data indicated that the Nifty 50 is expected to trade in the 25,200–25,800 range in the short term, with 25,000–26,000 being the broader range.
Until all 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.
The Nifty 50 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, experts said.
The weekly options data continues to show 26,000 as a resistance for the Nifty 50, while support is placed in the 25,700–25,500 range.
Quantity freeze limits act as a safeguard to prevent erroneous or abnormally large orders that could disrupt market stability.
Foram Chheda has a neutral to mildly bullish view for the equities ahead in November.
If the Nifty decisively breaks 25,700–25,670, the 25,500–25,400 levels are the next to watch, as selling pressure may widen below this zone. However, on the higher side, 25,900–26,000 is the immediate hurdle, followed by 26,100, experts said.
Momentum indicators signaled some caution in the short term, especially after a sharp rally in October. A breakdown below 25,500-25,400 area could strengthen the bears, whereas holding above it amid the current nervousness and consolidation could push the Nifty 50 back toward 25,900–26,000, according to experts.
Sagility breached its previous high of Rs 56.40 but failed to sustain, forming a bearish engulfing candle on the daily chart — a potential reversal signal, Sudeep Shah said.
Weekly options data also indicates that the Nifty is expected to remain in the 25,500–26,100 range in the short term.
Nuvama expects HDFC Bank, ICICI Bank to see outflows from SEBI's new eligibility rules
Until the Nifty 50 achieves a decisive breakout and sustains above 26,100 — the key hurdle — consolidation amid rangebound trading may continue, with immediate support in the 25,800–25,700 zone.
If the Nifty 50 stays below 26,000, the consolidation may continue with support at 25,800–25,700, followed by 25,500 as a crucial support level. However, climbing decisively above 26,000 can open the door for the 26,100–26,300 zone, according to experts.
SEBI has set deadlines for exchanges to align BANKNIFTY, FINNIFTY, and BANKEX with new diversification norms for derivative eligibility. BANKEX and FINNIFTY must comply by Dec 2025, while BANKNIFTY will adjust in phases until Mar 2026.