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Nifty Technical Analysis by Samco

Nifty & Nifty Bank Technical Analysis by Samco Securities

by Om Mehra, Technical Research Analyst, SAMCO Securities

đź•— Last Update: 16 November 2025, 8.00 AM

Nifty Stays Firm, Nifty Bank Inches toward Historic High

Nifty ended the session at 25,910.05, up 0.12%, extending its recovery while holding firm near the 26,000 zone. The index posted a weekly gain of 1.64%, snapping its two-week losing streak and maintaining a clear higher-low formation on the daily timeframe.

Nifty continues to trade comfortably above the 10-EMA and 20-EMA, both of which now act as dynamic support zones. The bullish gap near 25,780–25,700 remains intact, serving as a reliable cushion through recent swings. The broader setup remains constructive as the index sustains above the middle Bollinger Band, showing steady underlying momentum.

The RSI is placed around 62, reflecting improving strength, while the MACD stays in a narrow range. The support is now positioned at 25,780–25,700. The index is consolidating just underneath the 26,000–26,050 barrier, where a close above this zone would strengthen the upward momentum. Conversely, a slip below 25,750 may attract mild pressure.

Overall, Nifty remains within a well-defined range between 25,700 and 26,000, and a breakout on either side will decide the next directional move. As long as the index holds above 25,700, the near-term view stays positive.

Nifty Bank ended the session at 58,517.55, up 0.23%, where the open and low remained the same, indicating early stability before the index gradually picked up strength. The index has registered a weekly gain of 1.11%, extending the upward tone that has been intact over the past few sessions. The index continues to stay comfortably above its short-term moving average, placed near 58,000.

Nifty Bank is now approaching towards all-time high. The RSI has moved to 67, reflecting firm momentum, while the MACD maintains a steady recovery slope, adding to the short-term strength.

The immediate support is located at 58,200–57,000, while minor resistance remains at 58,600. A sustained close above this level will be essential for confirming fresh upward traction and potentially opening the path toward new record territory. Until such a breakout takes shape, the index is expected to consolidate within a narrow band while retaining a mild upward bias.

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