Weekly market wrap by Amol Athawale
Amol Athawale is VP-Technical Research, Kotak Securities
🕗 Last Update: 29 November 2025, 8.00 AM
For the week commencing on December 01, 2025
In the last week, the benchmark indices witnessed a sharp recovery from lower levels. The Nifty ended 0.52 percent higher, while the Sensex was up by 474 points. Among sectors, Financial Services index outperformed, rallying over 2.25 percent, whereas the Défense index lost the most, shed 1.25 percent. During the week, the market found support near the 20-day SMA (Simple Moving Average) and bounced back sharply. Technically, it has formed a promising reversal pattern on daily and intraday charts, and it is also holding a higher bottom formation on daily charts, which is largely positive. We are of the view that the short-term market outlook is positive and uptrend formation is likely to continue in the near future.
For positional traders, 26,100/85300 and 26,000/85000 would act as key support zones. On the higher side, the uptrend is likely to continue till 26,350/86100. Further upside may also persist, which could lift the index to 26,500–26,600/86500-86800. On the flip side, below 26,000/85000, the uptrend would become vulnerable. Below this level, the market is likely to retest 25,850–25,800/84500-84300.
For Bank Nifty, trend-following traders 59,500 and 59,000 would act as important support zones, while 60,500–60,700 are immediate resistance
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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.
