Exclusive Technical Analysis of the Market by Nagaraj Shetti
Senior Technical Research Analyst, HDFC Securities
🕗 Last Updated: 26 November 2025, 6.00 PM
🔔 Nifty Market Update – 27 November 2025
After showing weakness in the last few sessions, Nifty witnessed an excellent breakout on Wednesday and closed the day with sharp gains of around 320 points. After opening on a weak note, the market bounced back sharply from the lows in the early part of the session. Upside momentum continued in the mid to later part and Nifty finally closed at the highs.
A long bull candle has been formed on the daily chart that has almost engulfed the last four sessions range on the upside in one session. This is positive indication and signals that the market is likely to zoom into new all-time highs soon.
The larger degree positive pattern like higher tops and bottoms is intact on the daily chart and Wednesday’s dip at 25842 could now be considered as a new higher bottom of the pattern. From here, Nifty could reach up to 26300 and next 26500 levels in the next few sessions. Immediate support is placed at 26050 levels.
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Stock recommendations by Nagaraj Shetti
Stock Recommendations by Nagaraj Shetti (HDFC Securities)
Senior Technical Analyst Nagaraj Shetti has identified a select group of stocks showing strong chart setups and momentum for short-term traders.
According to him, the near-term market structure remains supportive for selective long positions, especially in scrips showing breakouts above key resistance levels and higher-high formations on the daily chart.
Shetti recommends traders focus on stocks with rising volumes and bullish crossover patterns on the short- and medium-term moving averages.
He advises maintaining strict stop-loss levels and booking partial profits near resistance bands.
These recommendations are part of his latest weekly outlook published in Chanakya Ni Pothi, providing guidance on potential outperformers for the coming sessions.
