Daily Morning Report – 12/11/25

NIFTY OUTLOOK: 25694.95 FII -803.22 cr DII 2188.47 cr

As discussed yesterday, market behaviour remained on expected lines during the day, as Nifty started with selling pressure and drifted down to 25449.25. From there, it found strong buying support and advanced up to our projected level of 25725, making a day high of 25715.80.

A bullish candle with a lower shadow on the daily chart indicates buying interest at lower levels and suggests continuation of the positive uptrend. Hence, if Nifty decisively breaks out above 25747, it may rally up to 25800–25853. If demand strengthens further, it could test 25905.

However, on the downside, 25643–25591 may act as immediate support. A break below these levels and sustained weakness could drag Nifty down to 25538–25486.

BANK NIFTY OUTLOOK:
SPOT: 58138.15 PCR: 0.92 Max CE OI: 58000 Max PE OI: 58500

On 11th November 2025, the Bank Nifty index closed at 58138.15, up 200.60 points (0.35%). The total intraday movement was 593.10 points, with a high of 58187.35 and a low of 57594.25.

Technical View:
Important support and resistance levels for Bank Nifty are 57577 and 58476 respectively.
Intraday support and resistance are at 57975 and 58301 respectively.

Today’s Breakout Intraday Strategy:

• Go long above 58301 with a stop loss at 58247 and target 58464.
• Go short below 57975 with a stop loss at 58029 and target 57812.

The Relative Strength Index (RSI) for the Nifty Bank index stands at 63.0. (Below 30 is considered oversold and above 70 overbought.)

Note:
As expected and mentioned in our earlier post, the trade deal appears to be around the corner and may come after the Bihar polls. U.S. President Donald Trump said on Monday that the United States is getting close to finalising a deal with India that would expand economic and security ties, boost U.S. energy exports, and promote investments in key sectors.

Trump added that the U.S. is securing a fair and different trade deal with India and reiterated his optimism, saying, “We’re getting close.”

Conclusion:
If the trade deal is fair and finalised within the coming weeks, I reiterate my Nifty target of 26998–27450 by December, as mentioned several times earlier.

Important Pivot Point Levels for Today           

Nifty

Bank Nifty