Daily Morning Report – 18/11/25

NIFTY OUTLOOK: 26013.45 FII 422.17 cr DII 1465.86 cr

As discussed yesterday, market behaviour remained on expected lines during the day, as continuation of the uptrend took Nifty’s rally up to 26024.2, very close to our level of 26015, and it closed near the same at 26013.45.

An average bullish candle appeared on the daily chart, indicating continuation of the positive uptrend. Hence, if Nifty continues its upward momentum, then on a decisive breakout of 26063, it may rally further up to 26112–26163. If more demand emerges, it may also attempt 26211.

On the downside, 25963–25915 may act as immediate support. A breakdown and sustained trade below these levels may drag Nifty towards 25865–25816.

Bank Nifty OUTLOOK:
SPOT: 58962.70 PCR: 1.14 Max CE OI: 58500 Max PE OI: 58500

On November 17, 2025, Bank Nifty closed at 58962.70 (+445.15 / +0.76%). The total movement during the session was 396.25 points. The index made a high of 59001.55 and a low of 58605.30.

Technical View:
Important support and resistance levels for Bank Nifty are 58235 and 59550 respectively.
Intraday support and resistance are 58853 and 59071 respectively.

Today’s Intraday Breakout Strategy:
• Go long above 59071 with SL 59035 and target 59180
• Go short below 58853 with SL 58890 and target 58744

The Relative Strength Index (RSI) for Bank Nifty stands at 71.40. Below 30 is considered oversold and above 70 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.

 One active candlestick Pattern was identified in bank nifty on daily chart

• Long line Uptrend

Macro:

1. Dollar index is @ 99.437

2. S&P 500 Vix is @ 22.38 ( +12.86 % )

3. Brent crude is @ 63.82

4.U.S. 10 years bond yield is @ 4.127

Note: Investors in the U.S. are taking some profits off the table in big tech firms after a dream run over the last 6–8 months, ahead of Nvidia’s earnings. Odds of a rate cut have fallen to 42%, which is also making investors nervous.

All Asian markets are trading in the red. Diplomatic tensions between China and Japan have deepened after China suspended the release of a Japanese film. The postponement comes barely two weeks after comments on Taiwan by Japanese Prime Minister Sanae Takaichi triggered a sharp response from China, sparking the most serious diplomatic clash between the two East Asian powers in years.

Firm dollar rates will keep bullion and base metals on the lower side, and some price corrections are likely.

As far as India is concerned, U.S. President Donald Trump’s exemption of dozens of food items from his reciprocal tariff regime could help revive lost demand. Trump on Friday removed tariffs on more than 200 food products, including beef, as consumer concerns rise over grocery prices in the U.S. Officials involved in trade and farm export policy said the exemptions are also a positive signal for ongoing U.S.–India trade talks and could ease export pressure triggered by this year’s tariff increases.

Conclusion: We may see the U.S.–India trade deal coming soon. Early signs have already emerged from the U.S. — first the levy relief on Chabahar port, and now tariff relief on 200 agricultural products.

Important Pivot Point Levels for Today           

Nifty

Bank Nifty

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