Stock Market Technical Analysis | 24th to 30th Nov 2025 Weekly Wrap

Markets navigated volatility with resilience, closing the week on a positive note as banks and midcaps took the lead. With VIX cooling sharply and DII flows staying strong, momentum signals are shifting — but not without pockets of weakness.

Expert recommendation by:

• Mr. Ketan Kaushik - Derivative Analyst

Equity

• Benchmark Index traded volatile in the previous week before closing with 0.52% gain at 26203 level. Banking Index outperformed the benchmark index as it closed with 1.50% gain at 59753 level.
• Among the Nifty constituents, HINDALCO and TECHM outperformed the benchmark index as they closed with 3.95% and 3.82% gains while ADANIENT and BHARTIARTL underperformed as they closed with 5.87% and 2.83% cut respectively. Among the Bank Nifty constituents FEDERALBNK outperformed the benchmark index as it closed with 5.25% gain while AXISBANK underperformed as it closed with 0.31% gain.
• Among sectors, NIFTYPHARMA index outperformed the benchmark index during the previous week as it is closed with 1.85% gain while NIFTYDEFENCE index underperformed as it closed with 1.31% cut. MIDCAP index outperformed the benchmark index as it closed with 1.27% gain while SMALLCAP index underperformed the benchmark index as it is closed with 0.10% cut.
• Volatility index (India VIX) closed with 13.64% cut at 11.59 level.
• FII were net sellers as they sold stocks worth Rs 3,659Cr while DII were net buyers as they bought stocks worth Rs 22,763Cr during the previous week in the cash segment.
• Globally, equity markets traded with positive bias as both US market (DJIA) and European markets (STOXX 600) closed with 3.18% and 2.55% gains respectively.

Derivatives

• Derivatives data for Nifty suggest max OI addition at 26400 call and 26200 put with max OI at 26500 call and 26000 put side (02nd Dec expiry). Nifty cumulative PCR closed at 1.14 for Nov 28.
• Derivatives data for Bank-nifty suggest max OI addition at 60000 call and 59000 put with max OI at 58500 for both call and put side (30th Dec expiry). Bank-nifty cumulative PCR closed at 1.21 for Nov 28.

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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 volatile 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 25,900 – 25,700 level and resistance at 26,500 – 26,700 level

BANKNIFTY (WEEKLY)

• Banking index outperformed the benchmark index and closed with bullish candlestick formation on the weekly chart
• Banking index is likely to outperform the benchmark index in the coming week
• Banking index has support at 59,000-58,500 and resistance at 60,500 -61,000 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 27,600-27,400 level and resistance at 28,300-28,500 level.

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