The Indian stock market witnessed intensified selling pressure on Thursday as bears strengthened their grip, dragging key indices below crucial support levels Nifty Technical View November 2025. The Nifty 50 index broke decisively below its 20-day exponential moving average (20-DEMA), triggering caution among traders. Analysts say the next crucial level to watch is 25,450, which could act as an inflection point for short-term sentiment.
At the same time, Bank Nifty also slipped below its consolidation range, breaking out on the downside and adding to the overall weakness. The broader market mirrored this pressure, with midcap and smallcap indices also experiencing a sell-off. Technical indicators point to a cautious trading pattern for the coming week as volatility returns to Dalal Street.
Why Nifty Technical View November 2025 Breaking 20-DEMA Signals a Weakening Trend
The Nifty Technical View for November 2025 shows a breakdown below the 20-DEMA for the first time in over three weeks, a level that typically acts as short-term dynamic support. This breach suggests momentum fatigue after a steady uptrend from 24,800 to 25,900 during October. The current retracement below 25,600 levels indicates profit booking and short positions building up in the near-term derivative data.
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According to market analysts, a daily close below 25,450 could open further downside potential towards 25,200–25,000 levels. On the upside, resistance is seen near 25,750 and 25,900 zones, which coincide with the previous swing highs. The RSI has slipped below 50, reflecting neutral-to-negative momentum, while MACD shows an early bearish crossover — a combination typically signaling a corrective phase.
Bank Nifty Analysis November 2025 — Downside Breakout After Consolidation
While the broader index shows weakness, the Bank Nifty Analysis 2025 presents an even more cautious picture. The banking index had been trading in a tight consolidation band between 53,000 and 53,800 for nearly two weeks. Thursday’s fall below 53,000 has confirmed a breakdown, hinting at potential declines toward 52,400–52,000 levels.
Technical experts believe that unless Bank Nifty reclaims 53,400 on a closing basis, the trend will remain weak. The 20-DEMA has turned flat, and the 50-DEMA sits near 52,300 — a level that may provide short-term support. Private sector banks, particularly HDFC Bank and ICICI Bank, contributed heavily to the index’s weakness, while PSU banks offered limited cushioning.
Derivative Data Hints at Range-Bound Volatility
Weekly options data suggests that the Nifty may trade between 25,000 and 26,000 in the short term. The highest open interest on the call side is observed at 26,000, while significant put writing is seen near 25,000, implying that traders expect a volatile but contained move within this range. A decisive breakout above 26,000 or breakdown below 25,000 would set the next directional trend.
Analysts also observed increased volatility index (India VIX) readings, indicating heightened market nervousness. Traders are advised to keep stop losses tight and use rallies as opportunities to lighten positions until the index stabilizes above 25,750.
Sectoral Pressure and Stock-Specific Weakness
The market’s bearish tone was largely driven by weakness in financials, IT, and metal sectors. Heavyweights like HDFC Bank, Reliance Industries, and Infosys collectively erased nearly 80 points from the Nifty index. Auto stocks, however, remained resilient, supported by strong festive season sales and improved demand forecasts.
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The Nifty IT index has underperformed significantly due to muted Q2 guidance from leading tech companies, while the Nifty FMCG index continues to provide defensive stability. Traders looking for short-term opportunities may focus on high-beta stocks like Tata Motors, Axis Bank, and SBI for intraday setups, but strict stop-loss levels are recommended.
Global Cues Add to Domestic Weakness
Globally, weak sentiment from U.S. and Asian markets has contributed to the bearish undertone in Indian equities. The Dow Jones Industrial Average and FTSE 100 both faced selling pressure amid renewed inflation fears and rising bond yields. Foreign institutional investors (FIIs) turned net sellers in the Indian market, further weighing on the Nifty.
With global oil prices staying elevated and bond yields hovering near 4.7%, investor appetite for riskier assets has decreased. Analysts expect the Nifty to remain under pressure until clarity emerges around global macroeconomic conditions and corporate earnings recovery.
Key Support and Resistance Levels
- Immediate Support: 25,450
- Next Support: 25,200 / 25,000
- Resistance Levels: 25,750 / 25,900 / 26,000
If Nifty holds above 25,450 on a closing basis, a short-covering bounce cannot be ruled out. However, failure to sustain this zone could invite fresh selling, dragging the index toward the 25,000 mark. On the other hand, Bank Nifty must stay above 52,000 to avoid deeper corrections.
Technical Indicators: RSI, MACD, and Moving Averages
From a technical standpoint, the Relative Strength Index (RSI) currently stands around 48, signaling neutral momentum. The MACD has crossed below its signal line, generating a bearish divergence. The 20-DEMA (25,600) now acts as the first resistance, while the 50-DEMA (25,100) remains a potential support zone.
Experts recommend avoiding aggressive longs until Nifty reclaims its 20-DEMA. The weekly charts indicate a possible consolidation phase, while the monthly trend remains bullish as long as 24,600 is intact. Traders can look for reversal signs near the lower Bollinger band, which lies close to 25,100.
Market Sentiment and Institutional Activity
According to provisional data, foreign institutional investors (FIIs) sold ₹2,100 crore worth of equities, while domestic institutional investors (DIIs) bought ₹1,800 crore. This tug-of-war continues to keep the market directionless in the short term. Market breadth remained negative, with only 12 of 50 Nifty stocks ending in the green.
Volatility Index (India VIX) rose by 5%, reflecting growing uncertainty ahead of key global economic data releases. Traders expect volatility to remain high as investors adjust positions before the weekly expiry.
Analysts’ Recommendations
Sunil Shankar Matkar, senior market strategist, said, “Bears have taken control of the short-term setup as Nifty breaks below its 20-DEMA. Unless it closes above 25,750, the weakness may continue toward 25,200 levels. Traders should focus on risk management rather than aggressive buying at this stage.”
Independent technical analyst Shruti Mehta added, “The breakdown below 25,600 confirms distribution, not just profit booking. Bank Nifty’s fall below 53,000 has intensified selling across the financial pack. The next few sessions are critical to gauge whether this correction deepens or stabilizes.”
What Traders Should Do Next Week
With weekly options data suggesting a range of 25,000–26,000, traders are advised to play both sides with strict stop losses. Positional traders should avoid large leveraged positions until the index shows confirmation of stability. Short-term traders can look for bounces near 25,200 for intraday longs but must book profits quickly.
Investors with a long-term horizon may use dips to accumulate quality stocks, especially in defensive sectors like FMCG and Pharma, which tend to outperform during consolidation phases.
Conclusion: Stay Cautious as Bears Dominate
The Nifty Technical View November 2025 paints a cautious picture. The break below 20-DEMA and weakness in Bank Nifty suggest that the bears remain in control of the short-term trend. Unless Nifty reclaims 25,750 decisively, rallies are likely to face selling pressure.
For now, 25,450 remains the key level to watch. A close below this level could accelerate declines, while a bounce above 25,750 may offer relief to the bulls. Investors are advised to monitor macro triggers, institutional flows, and global cues closely as volatility stays elevated.
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