Weekly market wrap by Amol Athawale
Amol Athawale is VP-Technical Research, Kotak Securities
🕗 Last Update: 16 November 2025, 8.00 AM
For the week commencing on 17th November 2025
In the last week, the benchmark indices bounced back sharply. The Nifty ended 1.64 percent higher, while the Sensex was up by 1345 points. Among sectors, Defence and IT indices outperformed, with Defence up 4 percent and IT up 3.5 percent. During the week, the market successfully cleared the 25,700/84000 resistance zone, which intensified the positive momentum.
Technically, on daily and weekly charts, it has formed a reversal pattern and is currently trading above the 20-day SMA (Simple Moving Average), which is largely positive. We are of the view that as long as the market is trading above the 20-day SMA or 25,700/84000, the uptrend is likely to continue.
On the higher side, 26,000/84900 and 26,100/85200 would be the immediate resistance zones for the bulls. A successful breakout above 26,100/85200 could push the market up to 26,300–26,500/85800-86400. On the flip side, below 25,700/84000, the uptrend would become vulnerable. Below this level, the market could retest the 25,500–25,350/83400-82900 range.
For Bank Nifty, the 20-day SMA support is placed at 58,000. Above this, it could move up to 58,800–59,500. On the other side, below 58,000, it could slip to 57,500–57,200.
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Amol Athawale is the Vice President – Technical Research at Kotak Securities Ltd., known for his deep expertise in technical chart analysis and derivatives strategy.
He has over 18 years of experience in equity markets, specializing in identifying short-term trading opportunities using trend and momentum indicators.
His market commentaries and trading insights are widely followed by investors and media houses for their accuracy and clarity.
Amol is a regular contributor to financial publications and TV channels, offering actionable views on Nifty, Bank Nifty, and sectoral trends.
He focuses on support–resistance mapping, candlestick formations, and positional setups for traders and short-term investors.
His balanced approach — combining technical precision with market psychology — makes him one of the most respected voices in Indian market analysis.
