Daily Morning Report – 20/11/25

NIFTY OUTLOOK: 26052.65 FII 1580.72 cr DII 1360.27 cr

As discussed yesterday, market behaviour remained in line with expectations. Bears tested our level of 25861 (day low 25856.2) but failed to break down, and Nifty bounced from there, rallying up to 26074.65, very close to our level of 26055, and closed near it at 26052.65.

A bullish candle on the daily chart indicates that Nifty has negated the bearish engulfing pattern formed on 18th November 2025, continuing its uptrend. Prices have now reached the resistance of 23rd October 2025. If Nifty takes out 26104, it may rally further to 26150–26200. If demand strengthens, it may also test 26248.

On the downside, 26003–25955 may act as immediate support. A break and sustained trade below this range may drag Nifty to 25906–25857.

BANK NIFTY OUTLOOK
Spot: 59216.05 PCR: 1.19 Max CE OI: 60000 Max PE OI: 58000

On 19th November 2025, Bank Nifty closed at 59216.05, up 316.80 points (0.54%). The index moved 575.7 points during the session, hitting a high of 59264.25 and a low of 58688.55.

Technical View
Key support and resistance levels are 58235 and 59550.
Intraday support and resistance are 59058 and 59374.

Intraday Strategy
• Go long above 59374 with SL 59322 and target 59533.
• Go short below 59058 with SL 59111 and target 58899.

RSI for Bank Nifty stands at 72.9 (above 70 indicates overbought).

Note:
The U.S. trade deficit narrowed more than expected in August as businesses imported fewer goods amid higher tariffs, a trend that could support economic growth in the third quarter. However, the drop in consumer goods imports to levels last seen early in the COVID-19 period, along with a decline in capital goods imports such as computer accessories and telecom equipment, may indicate slower consumer and business spending.

The trade gap contracted 23.8% to $59.6 billion, according to the Commerce Department’s Bureau of Economic Analysis and Census Bureau. Economists polled by Reuters had expected it to ease to $61.0 billion. The report, originally scheduled for release on October 7, was delayed due to the recently ended 43-day government shutdown.

Someone’s loss is someone else’s gain. Indian seafood exporters surged up to 11% on Wednesday after media reports that China had notified Japan of plans to suspend imports, potentially shifting demand toward India. A rise in Chinese demand could provide relief to Indian exporters impacted by steep U.S. tariffs, with major clients including retailers such as Walmart.

India’s global seafood exports stood at $7.4 billion last year, with shrimp accounting for 40%. With tariff issues weighing on shipments, companies have been diversifying their markets. Any new opportunity is positive for the sector, said Vincent K Andrews, equity research analyst at Geojit Financial Services. Some respite may be seen for firms such as Avanti Feeds, Apex Frozen Foods, and Coastal Corporation.

Important Pivot Point Levels for Today           

Nifty

Bank Nifty

By

Ashok Bhandari (RA)

SEBI Regd. No. INH00019549