Domestic equity benchmarks ended Thursday’s session on a subdued note, reflecting mild profit booking and persistent foreign investor selling. The Nifty 50 and Sensex both opened on a flat to slightly positive tone but soon slipped into the red, weighed down by weakness across major sectors. Despite this short-term correction, the broader market structure remained resilient, with the Nifty maintaining support above most key moving averages, signalling underlying strength in the trend. Market sentiment, however, was cautious as investors continued to monitor global cues and institutional activity.
Sectorally, the market displayed a mixed performance. Information technology and auto stocks managed to hold firm, supported by select gains in large-cap names, while media, metals, and consumer durables witnessed notable declines, leading the overall market weakness. The divergence in sectoral trends suggested a phase of sectoral rotation and profit-taking after recent gains. Meanwhile, broader Asian markets traded largely positively, with key indices in Japan, Hong Kong, China, and South Korea advancing, indicating a relatively optimistic regional backdrop despite the subdued mood in Indian equities.
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 5-minute timeframe.
NIFTY 50 Chart & Price Action Analysis
(In this analysis, we have used 20/50/100/200 EMAs, where 20 EMA (Red), 50 EMA (Orange), 100 EMA (Light Blue), and 200 EMA (Dark Blue)).
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The Nifty 50 Index opened on a negative note at 25,593 on Thursday, down by 4.3 points from Tuesday’s closing of 25,598. The index opened on a bearish note and continued to decline during the morning session and traded within the 25,500-25,700 range. It traded below all four EMAs of 20/50/100/200 in the 15-minute chart. In the afternoon session, the index further moved downwards and hit an intraday low of 25,491.55, falling below the 25,500 level.
Overall, the Index traded within a 25,450-25,650 range throughout the afternoon session. During the afternoon session, the Nifty 50 closed below all four 20/50/100/200 EMAs in the 15-minute time frame. The Nifty’s immediate resistance levels are R1 (25,637), R2 (25,791), and R3 (25,952), while immediate support levels are S1 (25,474), S2 (25,373) and S3 (25,264).
The Nifty index had reached a day’s high at 25,679.1 and saw a day’s low at 25,491.5. Finally, it had closed at 25,509.7, in the red and below the 25,550 level, down 87.95 points, or 0.34%. The Nifty 50 closed above the EMAs of 50/100/200 but below the 20-day EMA in the daily time frame.
NIFTY 50 Momentum Indicators Analysis
RSI (Daily): The Nifty 50’s RSI stood at 49.76, which is below the overbought zone of 70, near the support zone of 40-50.
Bollinger Bands (Daily): The index is trading in the lower band of the Bollinger Band range (Simple Moving Average). Its position in the lower range suggests a bearish sentiment. The index took support near 25,492, and 25,679 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: Thursday’s trading session had an above-average volume of 371.85 Mn.
Derivatives Data: Options OI indicates strong Put writing at 25,500, followed by 25,400, establishing it as a firm support zone. On the upside, a significant Call OI buildup at 25,600 and 25,700 suggests a potential resistance supply. PCR (Put/Call Ratio) stands at 0.63 (<1), leaning towards bullish sentiment, but the long Buildup indicates a Strong Bullish outlook, thus indicating a bullish outlook for the next trading session.
Bank Nifty Chart & Price Action Analysis
(In this analysis, we have used 20/50/100/200 EMAs, where 20 EMA (Red), 50 EMA (Orange), 100 EMA (Light Blue), and 200 EMA (Dark Blue)).
The Bank Nifty Index started the session on a negative note at 57,715 on Thursday, down by 112.25 points from Tuesday’s closing of 57,827. The index started on a Bearish note, and dragged down to the 57,500 level. In addition, the index was trading below all four EMAs of 20/50/100/200 in the 15-minute time frame in the morning session. In the afternoon session, the Index hit an intraday low at 57,521, nearing the 57,600 level.
Further, the Index was trading in the range of 57,500-57,800, and ended with losses in red. During the afternoon session, Bank Nifty closed below all four EMAs of 20/50/100/200 in the 15-minute time frame.The Bank Nifty’s immediate resistance levels are R1 (57,765), R2 (58,047) and R3 (58,254), while immediate support levels are S1 (57,486), S2 (57,189), and S3 (56,930).
The Bank Nifty index had peaked at 57,945 and made a day’s low at 57,521. Finally, it had closed in red at 57,554, dropping below the 57,600 level, losing 272.8 points or 0.47%. The Relative Strength Index (RSI) stood at 56.30, below the overbought zone of 70 in the daily time frame, and Bank Nifty closed above all four EMAs of 20/50/100/200 in the daily time frame.
BSE Sensex Chart & Price Action Analysis
(In this analysis, we have used 20/50/100/200 EMAs, where 20 EMA (Red), 50 EMA (Orange), 100 EMA (Light Blue), and 200 EMA (Dark Blue)).
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The BSE Sensex Index opened on a positive note at 83,517 on Thursday, up by 57.54 points from Tuesday’s closing of 83,459. The index started its session on a bullish note, but later, it moved downwards and was trading within the 83,350-83,850 range. It traded below all four EMAs of 20/50/100/200 EMA in the 15-minute time frame in the morning session.
In the afternoon session, the Index further dropped and touched 83,238, marking its day’s low, falling below 83,300. The Index was trading in the 83,200-83,700 range, following a bearish trend and closed below all four EMAs of 20/50/100/200 EMA in the 15-minute time frame. The BSE Sensex immediate resistance levels are R1 (83,872), R2 (84,233) and R3 (84,617), while immediate support levels are S1 (83,298), S2 (82,994), and S3 (82,660).
The BSE Sensex index had peaked at 83,846 and made a day’s low at 83,238. Finally, it had closed at 83,311 in red, declining 148.14 points or 0.18%. The Relative Strength Index (RSI) stood at 50.49, below the overbought zone of 70 in the daily time frame, and the BSE Sensex closed above the EMAs of 50/100/200 but below the 20-day EMA in the daily time frame.
India VIX
The India VIX was down 0.24 points or 1.92%, from 12.65 to 12.41 during Thursday’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.
Market Recap on November 6th, 2025
On Thursday, the Nifty 50 started on a flat note at 25,593.35, down -4.3 points from its previous close of 25,597.65. The index moved towards a downward trajectory, hitting an intraday low of 25,491.55 before closing at 25,509.7, down -87.95 points (0.34%), near the 25,500 mark. Except for the 20-day EMA, the Nifty stayed above all major moving averages (50/100/200-day EMAs), reflecting strong underlying technical support.
The BSE Sensex opened higher at 83,516.69 (up by 57.54 points from the previous close of 83,459.15), fell below 83,350, and eventually settled at 83,311.01, down 148.14 points (0.18%). Both benchmarks ended the day in negative territory, with RSI values below the overbought zone (over 70), 49.76 for Nifty 50 and 50.49 for Sensex. The Bank Nifty also closed down 272.8 points (0.47%) at 57,554.25. The reason for today’s market fall was amid profit booking in key sectors and continued FII selling equities worth Rs 1,067.01 crore for the fifth consecutive day, which pressured the market sentiment.
Among sectoral indices, most ended in the red except the Nifty IT Index, which remained the top performer for Thursday, rising 0.18% (63.05 points) to 35,337.6, driven by decent gains in Wipro Ltd, TCS Ltd, and LTIMindtree Ltd, which advanced up to 0.2%. Nifty Auto followed the positive performance, which rose 16.45 points to 26,626.5, led by Mahindra & Mahindra Ltd, Ashok Leyland Ltd and Maruti Suzuki Ltd, which gained by up 1%.
On the downside, the Nifty Media Index was the biggest laggard, falling 2.54% (-38.95 points) to 1,493.60. Saregama India Ltd led the declines with a 5.77% drop, followed by losses in Tips Music Ltd, Nazara Technologies Ltd, and Network 18 Media & Investments Ltd (up to -3.32%). The Nifty Metal Index slipped 2.07% (-217.15 points) to 10,281, dragged by Hindalco Industries Ltd, Adani Enterprises Ltd, and Welspun Corp Ltd, which fell as much as 5.17%. The Nifty Consumer Durables Index also closed lower by 1.98% (-763.70 points) at 37,891.25.
In the broader Asian markets, sentiment was mostly positive. Japan’s Nikkei 225 rose 1.38% (702.73 points) to 50,915.00, Hong Kong’s Hang Seng also rose 2.03% (537.59 points) to 26,473.00, China’s Shanghai Composite jumped 0.96% (38.51 points) to 4,007.76, and South Korea’s KOSPI climbed 0.55% (22.03 points) to 4,026.45. As of 4:03 p.m. IST, U.S. Dow Jones Futures were up 0.12% (58.46 points) at 47,368.46.
Trade Setup Summary
The Nifty 50 opened on a negative note at 25,593 on Thursday and ended the session in the red below the 25,550 level at 25,509.7. A break below 25,474 could trigger further selling towards 25,373, while breaking the next resistance level of 25,637 could trigger bullishness towards the 25,791 level.
The Bank Nifty also started the session on a negative note at 57,715 and ended the session in the red at 57,554, below the 57,600 level. A break below 57,486 could trigger further selling towards 57,189, while breaking the next resistance level of 57,765 could trigger bullishness towards the 58,047 level.
The Sensex opened on a positive note at 83,517 but ended the session on red at 83,311, below the 83,400 level. A break below 83,298 could trigger further selling towards 82,994, while breaking the next resistance level of 83,872 could trigger bullishness towards the 84,233 level.
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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