Daily Morning Report – 13/11/2026

Date 13.11.2026 

Technical Summary Nifty CMP 25,299.35

As discussed yesterday market behaviour remained on the expected lines during the day, as at the open, bears tried to take control and dragged the nifty to an intraday low of 25142.95 a quick dip below our breakdown level of 25168—but failed to sustain the downside pressure. The index staged a smart recovery from the lows to hit an intraday high of 25384.80, before settling at 25299.35 amid intraday volatility.

Further, a short bullish candle appearing right after a bearish spinning top following a long rally near a resistance level suggests that buyers prevented sellers from dragging the Nifty down. With the positive trend still intact, a decisive breakout above 25383 could trigger a rally toward 25466–25550. If buying pressure intensifies and sustains, it may push the Nifty further up to 25633.

On the flip side, this small candle also indicates a slowdown in buying momentum and a weak attempt by buyers to hold off sellers. Hence, if sellers re-emerge and trigger a decisive breakdown below 25215, the Nifty may drift down toward 25133–25049. If selling pressure intensifies further and sustains, it could drag the nifty down to 24966.

Bank nifty:

• Bank Nifty closed at 61,518.50 Up +726.10(+1.19%)
• Immediate resistance: 61,750
• Major resistance: 62,350
• Immediate support: 61,300
• Major support: 61055

3.  Pivot Levels:

Classic pivot levels calculated from 12 November 2026 OHLC data.

Nifty: For the 17 November expiry, the option-chain PCR was approximately 0.85, with max pain near 25,200. The highest call OI was concentrated at 26,000 and the highest put OI at 24,000. However, significant call writing was also visible around 25,300–25,500, making this an important near-term resistance zone. Put writing around 25,000–25,200 may provide support.

Bank Nifty: For the 23 November expiry, the available option-chain snapshot showed PCR around 0.84, with immediate OI resistance near 61,000 and support near 60,000. Max pain was around 59,000.

4.  FII / DII Activity:

• FII/FPI ₹7,830.60 crore – Net Buyers
• DII ₹6,331.14 crore – Net Sellers
• FIIs continued their buying activity, while DIIs remained net sellers. The net institutional cash inflow was approximately ₹1,499.43 crore, indicating that foreign institutional buying continued to support the market

5.  International Cues:

• US Market: Dow Jones declined 36%, S&P 500 fell 0.35%, and Nasdaq declined 0.39% in the previous session.
• Crude oil: Brent around $95.70–$95.80 per barrel; elevated crude prices remain a concern for
• US 10-year bond yield: Around 10%.
• Domestic inflation: India’s October retail inflation rose to 6.09%, above the RBI’s upper tolerance limit, which may influence interest-rate expectations.

Overall View:

Indian markets ended marginally higher on Thursday, with Nifty closing at 25,299 and Bank Nifty at 61,519. Strong FII buying and continued interest in financial stocks supported the market. However, weak US markets, elevated crude prices and higher domestic inflation may restrict the upside in the near term.

By ASHOK BHANARI | SEBI REGISTERED REASERCH ANALYST | REG. INH000019594