Daily Morning Highlights – 7/11/25

NIFTY OUTLOOK: 25509.70 FII -3263.21 cr DII 5283.91 cr

As discussed yesterday, market behaviour remained on expected lines during the day as continued bearish sentiment dragged Nifty down to our level of 25495 (day low 25491.55) following a decisive breakdown below 25547.

A bearish candle with an upper wick formed on the daily chart, indicating sustained selling pressure. If this trend continues, a decisive breakdown below 25459 may push Nifty further down to 25408–25358, and if selling intensifies, it could test 25308.

On the upside, 25560–25610 may act as immediate resistance. A sustained move above these levels could lift Nifty toward 25661–25711.

BANK NIFTY OUTLOOK:
SPOT: 57554.25 PCR: 0.78 Max CE OI: 58000 Max PE OI: 58000

On 6th November 2025, Bank Nifty closed at 57554.25 (-272.80 / -0.47%). The index moved 424.05 points during the session, hitting a high of 57945.05 and a low of 57521.

Technical View:

• Key support and resistance levels: 57330 and 58000
• Intraday support and resistance: 57438 and 57671

Intraday Technical Strategy:

• Go long above 57671 with a stop loss of 57632 and target 57787
• Go short below 57438 with a stop loss of 57477 and target 57321

The RSI for the Nifty Bank index stands at 56.3. (Below 30 is considered oversold and above 70 overbought.)

Bank nifty Day SMA Analysis:

Bank nifty is trading above 6 out of 8 SMA’s (20, 30, 50, 100, 150, 200 Day).

Bank nifty is trading below 2 out of 8 SMA’s. (5, 10 Day)

No candlestick Pattern was identified in bank nifty on daily chart

Important Pivot Point Levels for Today:          

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549