What to expect from Indian stock market in trade on November 26

By Admin

26 Nov, 2025

The Indian stock market is poised for a positive opening on Wednesday, supported by encouraging global cues and strong indications from the Gift Nifty. After three straight sessions of losses, investors are looking for signs of stability and early trends suggest some optimism ahead.

Positive Global Cues and Gift Nifty Signals

The Gift Nifty was trading around the 26,159 mark, showing a premium of nearly 104 points over the previous Nifty futures close. This premium indicates a strong positive start for the benchmark indices, Sensex and Nifty 50, despite recent weakness. On Tuesday, the market extended its losing streak, with the Nifty 50 closing below 25,900 and the Sensex falling 313.70 points to end at 84,587.01.

Sensex Outlook: Key Resistance and Support Levels

The Sensex has formed a bearish candle and continues to reflect a lower top formation an indication of weak sentiment. Analysts note that the 85,000 – 85,200 range remains a critical resistance zone. As long as the index trades below this level, selling pressure may persist.

According to Shrikant Chouhan of Kotak Securities, immediate support lies at 84,300, and a breach below this could pull the index further down to 84,000. On the upside, a breakout above 85,200 could potentially drive the Sensex toward 85,500 – 85,700.

Nifty OI Trends: 26,000 Remains the Hurdle

Derivatives data shows strong call writing at the 26,000 strike, signaling resistance near this level. Meanwhile, maximum put open interest at 25,800 indicates strong demand at lower levels. As per Amruta Shinde of Choice Equity Broking, a sustained close above 26,000 is necessary to revive bullish momentum and open the doors for further upside.

Nifty 50 Prediction: Weakness Near Highs but Trend Intact

The Nifty 50 has formed its third consecutive bearish candle with lower highs and lower lows, highlighting ongoing profit-booking. Nagaraj Shetti of HDFC Securities notes that overlapping negative candles signal a “sell on rise” market in the short term.

However, the larger bullish structure of higher tops and bottoms remains intact. The index is expected to find strong support between 25,800 – 25,700, which could form the base for the next upward move. Immediate resistance stands at 26,050.

Nilesh Jain from Centrum Broking adds that the Nifty is currently near its 21-DMA at 25,850, and falling below this level may drag it to 25,700. But as long as it holds above the 50-DMA at 25,490, the buy-on-dip strategy remains favourable. Similarly, SBI Securities’ Sudeep Shah highlights that the 20-day EMA zone of 25,850 – 25,800 is likely to act as a critical support level.

Bank Nifty Outlook: Consolidation With Bearish Bias

The Bank Nifty closed marginally lower at 58,820.30, forming a red candle with long upper shadows, indicating selling pressure at higher levels. Immediate support lies at 58,580, and a breakdown could take the index towards 58,000 – 57,800.

Upside hurdles remain near 59,440, and traders are advised to book profits on any rise unless the index closes convincingly above this level. Bajaj Broking notes that the index is consolidating above the breakout zone of 57,300 – 58,500, and staying above 58,200 – 58,500 keeps the overall bias positive. They expect a move toward 59,800 in the coming weeks.

What Investors Should Keep in Mind

Given the current market structure, analysts advise caution but not pessimism. Nifty and Bank Nifty are both approaching strong support zones, and any positive catalyst could trigger short covering. Traders may consider accumulating quality stocks on dips, especially in the banking space, where structural strength remains visible.

Disclaimer:
The views and recommendations mentioned above are those of individual analysts and brokerage firms. Investors are advised to consult certified financial experts before making any investment decisions.