Daily Morning Report – 11/11/25

NIFTY OUTLOOK: 25574.35 FII -4114.85 cr DII 5805.26 cr

As discussed yesterday, market behaviour remained on expected lines during the day, as bulls successfully defended the gap of 16th October 2025 and lifted Nifty up to our mentioned level of 25647, making a day high of 25653.45.

An opening marubozu candlestick appeared on the daily chart of Nifty, indicating strong buying momentum and conviction for further upside. If Nifty receives sustained buying support, it may rally up to 25675–25725 on a decisive move above 25625. With continued demand, it could extend towards 25775.

However, the candle’s upper wick suggests selling pressure on price rises. If this intensifies, a decisive breakdown below 25525 may drag Nifty towards 25475–25423. On further weakness, it may test 25371.

BANK NIFTY OUTLOOK:
SPOT: 57937.55 PCR: 0.91 Max CE OI: 58000 Max PE OI: 58000

On 10th November 2025, Bank Nifty closed at 57937.55 (-60.75 / -0.10%). The index moved 251 points during the session, with a high of 58097.20 and a low of 57846.20.

Technical View:
Key support and resistance levels are placed at 57577 and 58176 respectively.
Intraday support and resistance levels are at 57869 and 58007 respectively.

Intraday Technical Strategy:

• Go long above 58007 with a stop loss of 57984 and target 58076.
• Go short below 57869 with a stop loss of 57892 and target 57799.

RSI: 60.70 — below 30 is oversold, above 70 is overbought.

Bank nifty Day SMA Analysis:

Bank nifty is trading above 7 out of 8 SMA’s (5, 20, 30, 50, 100, 150, 200 Day).

Bank nifty is trading below 1 out of 8 SMA’s. (10 Day)

 Bullish candlestick Pattern was identified in bank nifty on daily chart

• Three Outside Uptrend

Macro:

1.Dollar index is @ 99.45

2.S&P 500 VIX is @ 17.78 ( -6.81%)

3.Brent crude is @ 63.89

4.US 10 years bond yield is @ 4.109

Note:
The longest government shutdown in U.S. history could end this week after a compromise to restore federal funding cleared an initial Senate hurdle late on Sunday, though the timing of final congressional approval remains uncertain. The deal would reinstate funding for federal agencies that have been unfunded since October 1st, providing relief to low-income families affected by disrupted food subsidies, unpaid federal workers, and travelers facing widespread flight cancellations.

On the domestic front, India’s unemployment rate fell to 5.2% in the July–September quarter from 5.4% in the previous three months, supported by higher rural employment during the farming season and an increase in female workforce participation.

Lower inflation, ongoing GST and income tax reforms, along with ample liquidity supported by RBI’s policy stance (with expectations of another 25 bps rate cut in the next review), are all favourable for sustained economic growth despite global tariff concerns. Mark these words — if the trade deal is finalised within a week or so, Nifty could march toward the 26,000–26,500 zone this December.

Important Pivot Point Levels for Today           

Nifty

Bank Nifty

By Ashok Bhandari (RA)

SEBI Regd. No. INH00019549