Nifty Analysis by Angel One
For November 21, 2025
Nifty write up by Osho Krishan, Chief Manager -Technical and Derivative research at Angel One
V-Shaped recovery fuelled momentum, placing Nifty at striking distance from the ATH
The Indian equity markets commenced the trading session on a strong note, bolstered by positive global developments and the prevailing momentum within domestic markets from the previous session. The benchmark index exhibited robust momentum, achieving significant gains and registering record highs for the calendar year. Ultimately, the Nifty50 index concluded the day on an optimistic note, positioned just below its all-time high at the 26190 level, reflecting a gain of 0.54 percent for the day.
The substantial contribution of heavyweight counters like RIL and HDFC Bank has significantly influenced the ongoing market rally, fostering optimism among market participants. From a technical standpoint, the V-shaped recovery generated robust momentum, suggesting the prevailing trend to continue. Furthermore, with broader participation across the board, the near-term market outlook appears decisively bullish. On the levels front, the support base seems to have moved up to the 26100-26000 subzone, which is likely to cushion any near-term shortcomings, while the sacrosanct support is placed around the 25800 zone from a positional perspective. On the higher end, with the recent closure, the lifetime high of 26277 is likely to act as psychological resistance, and a breakthrough could pave the way for 26500 in the near future.
As we progress, the prevailing sentiment remains strong, supporting the strategy of purchasing during market dips, which has historically demonstrated its effectiveness. Furthermore, given the current sectoral rotation, it is essential to exercise caution in stock selection while maintaining a bullish outlook on the markets.
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