Nifty Analysis by Angel One
For November 27, 2025
Nifty write up by Rajesh Bhosale, Equity Technical Analyst, Angel One.
December Kicks Off Strong; Nifty Eyes All-Time High as a Mere Formality
Despite Gift Nifty indicating a positive start, the benchmark index opened below the previous session’s low. However, buying emerged right from the opening tick, forming an ‘Open Low’ setup, and as the session progressed, prices continued to climb steadily. Nifty eventually ended with strong gains of 1.24%, closing tad above the 26200 mark.
With this move, Nifty not only reversed the previous three sessions of decline but also engulfed the entire corrective phase, marking the highest close of the year and beginning the December series on a strong footing. The all-time high now sits within striking distance and appears more like a near-term formality. The index has bounced precisely from the 20DEMA, forming a higher bottom, a development that reinforces bullish momentum. Given the broad-based strength and strong price structure, markets seem to have entered the next leg of the bull run. Traders are advised to maintain a buy-on-dips approach and avoid contra short trades. In this context, 26100–26000 remains the immediate support zone, while a stronger base has now shifted toward 25850, aligning with the 20DEMA and last week’s matching lows. On the upside, the all-time high around 26300 appears imminent, while a reciprocal retracement projection places 26500 as the next potential upside target.
The standout action, however, was in the Midcap segment. As highlighted in the previous outlook, the Nifty Midcap Select Index has resumed its uptrend from the breakout zone and continues to display strong relative strength. With the formation suggesting continuation, traders should keep midcap names on the radar, as this basket is likely to remain the key driver of outperformance in the near term.
Key levels to watch
NIFTY
Support: 26100 – 26000
Resistance: 26300 – 26500
BANKNIFTY
Support : 59200 – 59000
Resistance: 60000 – 60300
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