Daily Morning Report – 13/11/25

NIFTY OUTLOOK: 25875.80  FII -1750.03 cr  DII 5127.12 cr

As discussed yesterday, market behaviour remained on the expected lines during the day, as buying interest and continuation of the positive trend took the Nifty rally up to 25934.55.

A bullish spinning top candle appeared on the daily chart of Nifty, suggesting indecision among bulls and bears; however, the overall trend remains positive. Hence, if bulls maintain control, a decisive breakout above 25930 may trigger a rally towards 25983–26035. If buying momentum strengthens further, Nifty may test 26089.

On the downside, a decisive breakdown below 25823 may lead to slippages towards 25770–25716. If selling pressure intensifies, it may further test 25663.

BANK NIFTY OUTLOOK:
SPOT: 58274.65  PCR: 0.92  Max CE OI: 58500  Max PE OI: 58500

On 12th November 2025, Bank Nifty closed at 58274.65 (+136 / +0.23%). The total movement in the index was 335.85 during the session, with a high of 58507.70 and a low of 58171.85.

Technical View
Important support and resistance levels are 57577 and 58476 respectively.
Intraday support and resistance are 58182 and 58367 respectively.

Intraday Technical Strategy:

• Go long above 58367 with stop loss 58336 and target 58459.
• Go short below 58182 with stop loss 58213 and target 58089.

The Relative Strength Index (RSI) for Bank Nifty stands at 64.40 (below 30 is oversold, above 70 is overbought).

Bank nifty Day SMA Analysis:

Bank nifty is trading above 8 out of 8 SMA’s (5, 10, 20, 30, 50, 100, 150, 200 Day).

Bank nifty is trading below 0 out of 8 SMA’s.

 No active candlestick Pattern was identified in bank nifty on daily chart

Macro:

1. Dollar index is @ 99.41

2. S&P 500 Vix is @ 17.51

3. Brent crude is @ 62.63

4. US 10 years bond yield is @ 4.074

Note: The U.S. House of Representatives on Wednesday voted to approve legislation to end the record-long 43-day federal government shutdown.

On Monday, President Trump said Washington was close to a deal with India to expand economic and security ties — an agreement New Delhi hopes will lead to an initial cut in punitive tariffs.

We are also expecting a 0.25 bps rate cut by the RBI in its upcoming meeting on 28th September.

Conclusion:

As expected and mentioned earlier, the trade deal is likely to come after the Bihar elections — something President Trump had hinted at when he granted a six-month waiver on Chabahar Port. Once the election results are out, that will likely be the final hurdle before the trade deal announcement. If a fair deal materializes, we should be ready for a strong rally ahead.

Important Pivot Point Levels for Today           

Nifty

Bank Nifty

By
Ashok Bhandari (RA)
SEBI Regd. No. INH00019549