Stock Market Technical Analysis | 17th to 23th Nov 2025 Weekly Wrap

Markets ended the week mildly positive with mixed sector cues and a sharp rise in volatility. Let’s decode how sectors, FIIs/DII flows, and derivatives data may shape near-term movements.

Expert recommendation by:

• Mr. Ketan Kaushik - Derivative Analyst

Equity

• Benchmark Index traded with positive bias in the previous week before closing with 0.61% gain at 26068 level. Banking Index performed in line  with the benchmark index as it closed with 0.60% gain at 58868 level.
• Among the Nifty constituents, MAXHEALTH and EICHERMOT outperformed the benchmark index as they closed with 7.07% and 6.56% gains while TMPV and ADANIENT underperformed as they closed with 7.40% and 3.75% cut respectively. Among the Bank Nifty constituents FEDERALBNK outperformed the benchmark index as it closed with 3.72% gain while IDFCFIRSTB underperformed as it closed with 2.61% cut.
• Among sectors, NIFTYIT index outperformed the benchmark index during the previous week as it is closed with 1.61% gain while NIFTYREALTY index underperformed as it closed with 3.78% cut. Broader market underperformed the benchmark index as both MIDCAP index and SMALLCAP index closed with 0.76% and 2.22% cut respectively.
• Volatility index (India VIX) closed with 12.40% gain at 13.42 level.
• FII were net sellers as they sold stocks worth Rs 188Cr while DII were net buyers as they bought stocks worth Rs 12,969Cr during the previous week in the cash segment.
• Globally, equity markets traded with negative bias as both US market (DJIA) and European markets (STOXX 600) closed with 1.91% and 2.21% cut respectively.

Derivatives

• Derivatives data for Nifty suggest max OI addition at 26100 call and 22800 put with max OI at 27000 call and 26000 put side (25th Nov expiry). Nifty cumulative PCR closed at 1.03 for Nov 21.
• Derivatives data for Bank-nifty suggest max OI addition at 59000 call and 58400 put with max OI at 60000 call and 57000 put side (25th Nov expiry). Bank-nifty cumulative PCR closed at 0.96 for Nov 21.

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Performance:

Indices

Source: NSE

Sector Gainers/Losers

Source: NSE

FII / DII ACTIVITY (WEEKLY)

Source: NSE

SUPPORT/RESISTANCE LEVEL FOR UPCOMING WEEK

Source: NSE

DAILY EXPONENTIAL MOVING AVERAGE

Source: NSE

TECHNICAL OUTLOOK

NIFTY (WEEKLY)

• Benchmark index traded with positive bias in the previous week and closed with indecisive candlestick formation on the weekly chart
• Benchmark index is likely to trade volatile in the coming week
• Benchmark Index has support at 25,800 – 25,600 level and resistance at 26,300 – 26,500 level

BANKNIFTY (WEEKLY)

• Banking index performed in line with the benchmark index and closed with indecisive candlestick formation on the weekly chart
• Banking index is likely to perform in line with the benchmark Nifty index in the coming week
• Banking index has support at 58,000-58,500 and resistance at 59,500 -60,000 level

FINNIFTY (WEEKLY)

• FINNIFTY index lagged the banking index and closed with indecisive candlestick formation on the weekly chart
• FINNIFTY is likely to trade in line with the banking index in the coming week
• FINNIFTY has support at 27,200-27,000 level and resistance at 27,900-28,100 level.

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