Domestic equity markets reflected a firm upward bias on Wednesday, with the benchmark indices recovering from mild early weakness to end comfortably higher. Both the Nifty 50 and the Sensex closed in positive territory, supported by strong momentum indicators and sustained trading above key moving averages. Broader market sentiment also remained constructive, as the banking and IT-heavy indices contributed to the day’s strength, while volatility stayed contained and RSI readings signalled healthy, non-overbought conditions.
Sector performance was mixed, with technology, public-sector banking, and services stocks leading the gains amid renewed optimism in these segments. However, oil & gas and realty counters showed mild profit-booking after recent advances. Asian market cues were similarly mixed, offering neither strong tailwinds nor headwinds, as major indices across the region moved in varied directions. Overall, the market environment reflected steady confidence, supported by sectoral rotation and broad-based participation.
In this overview, we will analyse the key technical levels and trend directions for Nifty and BSE Sensex to monitor in the upcoming trading sessions. All the charts mentioned below are based on the 15-minute timeframe.
NIFTY 50 Chart & Price Action Analysis
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The Nifty 50 Index opened on a positive note at 25,918.10 on Wednesday, up by 8.05 points from Tuesday’s closing of 25,910.05. The index opened on a flat-to-positive note but was dragged down to the 25,856 level, marking its day low; later, the index recovered from the low and traded above the 26,000 level. The Index is trading within the range of 25,850 and 26,050. In the afternoon session, the index continued the surge and reached its peak at 26,075 and settled above the 26,050 level, ending the session in Bullish.
The Nifty index had reached a day’s high at 26,074.65 and saw a day’s low at 25,856.20. Finally, it had closed at 26,052.65, in the green, above the 26,050 level, up 142.60 points, or 0.55%. In the short term, the Index was above the 13/20 day EMA in the daily time frame, indicating an uptrend.
The index’s nearest resistance level is at 26,104.2 (R1), which is the 52-week high for the index. On the other hand, the closest support is now at 26,000 (S1) and 25,921.75 (S2), which was a previous resistance level but has turned into support. If the index falls below this, the next support level to watch is at 25,855.25 (S3).
Trade Setup:
| Nifty 50 | |
| Resistance 1 | 26,104.20 |
| Closing Price | 26,052.65 |
| Support 1 | 26,000.00 |
| Support 2 | 25,921.75 |
| Support 3 | 25,855.25 |
NIFTY 50 Momentum Indicators Analysis
RSI (Daily): The Nifty 50’s RSI stood at 64.21, which is below the overbought zone of 70, indicating bullish sentiment and room to grow higher.
Bollinger Bands (Daily): The index is trading in the upper band of the Bollinger Band range (Simple Moving Average). Its position in the upper range suggests a bullish sentiment and in Wednesday’s session, the Index formed a large bullish candle with minimal wicks on both ends and ended on a bullish note. The index took support near 25,856, and 26,075 acted as a resistance level. A sustained move above the middle band signals a bullish sentiment, while a drop back toward the lower band may reinforce bearish sentiment.
Volume Analysis: Wednesday’s trading session had an average volume of 250.11 Mn.
Derivatives Data: Options OI indicates strong Put writing at 26,000, followed by 25,900, establishing a strong support zone. On the upside, a significant Call OI buildup at 26,100 and 26,200 suggests a potential supply of resistance. PCR (Put/Call Ratio) stands at 1.29 (>1), leaning towards bearish sentiment, and the short covering indicates that traders who had shorted a stock (sold borrowed shares) are now buying them back to close their positions, which signals a bullish outlook, thus overall indicating a mixed outlook for the next trading session.
Bank Nifty Chart & Price Action Analysis
The Bank Nifty Index opened on a flat-to-positive note at 58,908.15 on Wednesday, up by 8.9 points from Tuesday’s closing of 58,899.25. The index opened on a flat note but was dragged down to the 58,688 level, marking its day low in the morning session, but later recovered from the day’s low and was trading between the 58,650 and 59,050 levels. In the afternoon session, the index continued its rally and reached the day’s peak at the 59,264 level and traded in the range of 58,900 and 59,300.
The Bank Nifty index had peaked at 59,264.25 and made a day’s low at 58,688.55. Finally, it had closed in green at 59,216.05, rising above the 59,200 level, gaining 316.80 points or 0.54%. The Relative Strength Index (RSI) stood at 72.88, above the overbought zone of 70 in the daily time frame. In the short term, the Index was above the 13/20 day EMA in the daily time frame, indicating an uptrend.
The higher resistance level is at 59,264.25 (R1), which is the 52-week high for the index. On the other hand, the closest support is now at 58,850 (S1) and 58,610 (S2), which were previous resistance levels but have turned into support. If the index falls below this, the next support level to watch is at 58,120 (S3).
Trade Setup:
| Bank Nifty | |
| Resistance 1 | 59,264.25 |
| Closing Price | 59,216.05 |
| Support 1 | 58,850.00 |
| Support 2 | 58,610.00 |
| Support 3 | 58,120.00 |
BSE Sensex Chart & Price Action Analysis
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The BSE Sensex Index opened on a negative note at 84,643.78 on Wednesday, down by 29.24 points from Tuesday’s closing of 84,673.02. The Sensex index opened on a flat-to-bearish note and was dragged down to the 84,526 level, marking its day’s low. It was traded in the range of 84,500 and 85,100 during the morning session. In the afternoon session, the index surged as high as 85,237, marking its day’s high and settling above 85,100. The Index was traded between the range of 84,900 and 85,250.
The BSE Sensex index had peaked at 85,236.77 and made a day’s low at 84,525.98. Finally, it had closed at 85,186.47 in green, gaining 513.45 points or 0.61%. The Relative Strength Index (RSI) stood at 65.98, below the overbought zone of 70 in the daily time frame. In the short term, the Index was above the 13/20 day EMA in the daily time frame, indicating an uptrend.
The index faces immediate resistance at 85,290.06 (R1), a level near its 52-week high. On the downside, support lies at 84,600 (S1) and 84,107.27 (S2), both former resistance levels.
Trade Setup:
| Sensex | |
| Resistance 1 | 85,290.06 |
| Closing Price | 85,186.47 |
| Support 1 | 84,600.00 |
| Support 2 | 84,107.27 |
Market Recap on November 19th, 2025
On Wednesday, the Nifty 50 opened slightly higher at 25,918.10, up by 8.05 points from its previous close of 25,910.05. The index hit an intraday low of 25,856.20 and closed above the 26,000 level at 26,052.65, up 142.60 points, or 0.55%. The index closed above all key moving averages (20/50/100/200-day EMAs) on the daily chart.
The BSE Sensex, though, opened on a negative trend at 84,643.78, down 29.24 points from the previous close of 84,673.02; it closed in the green at 85,186.47, up 513.45 points, or 0.61%. Both indices showed high momentum, with RSI values for Nifty 50 at 64.21 and Sensex at 65.98, below the overbought threshold of 70. The Bank Nifty Index also closed in the green at 59,216.05, gaining 316.80 points or 0.54%.
On Wednesday, the Nifty IT index was the major gainer, increasing by 2.97% or 1,069.45 points, and standing at 37,044.65. Tech stocks such as HCL Technologies Ltd gained 4.23%, followed by Coforge Ltd and Persistent Systems Ltd, which increased by up to 4.14% on Wednesday. The Nifty PSU Bank index was also among the biggest gainers, rising 1.16% or 98.65 points, and standing at 8,576.40.
Stocks such as Punjab National Bank were up by 2.19% on Wednesday. While other PSU Banks stocks like Bank of Baroda, Bank of India, and Punjab & Sind Bank also increased by up to 1.68%. The Nifty Service index was also among the top gainers, up by 0.83% or 279.95 points, and standing at 33,868.35.
Among the major losers, the Nifty Oil & Gas Index declined the most, losing -0.35% or -43.10 points, standing at 12,141.60. Stocks including Mahanagar Gas Ltd, Bharat Petroleum Corporation Ltd, Hindustan Petroleum Corporation Ltd, Indian Oil Corporation Ltd, fell by up to 2.38%. The Nifty Realty Index also declined on Wednesday by -0.35% or -3.25 points, closing at 924.05. Real Estate stocks, including Godrej Properties Ltd, DLF Ltd, Anant Raj Ltd, Phoenix Mills Ltd, lost up to -0.95%.
Asian markets had a mixed sentiment on Wednesday. Japan’s Nikkei 225 declined by -12.98 points or -0.03%, closing at 48,690. Whereas, China’s Shanghai Composite increased by 6.93 points, or 0.18%, to 3,946.74, while Hong Kong’s Hang Seng Index fell by -79.03 points, or -0.31%, to close at 25,851. South Korea’s KOSPI index fell by -24.11 points or -0.61%, closing at 3,929.51.
India VIX
The India VIX decreased 0.13 points or 1.07%, from 12.10 to 11.97 during Wednesday’s session. A decrease in the India VIX typically indicates lower price volatility in the stock market, suggesting a more stable market environment. However, a stable market environment and minimal volatility are anticipated when the India VIX is below 15.
Given the ongoing volatility and mixed sentiments, it’s advisable to avoid aggressive positions and wait for clear directional moves above resistance or below support. Traders should consider these key support and resistance levels when entering long or short positions following the price break from these critical levels. Additionally, traders can combine moving averages to identify more accurate entry and exit points.
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