Stock Market Technical Analysis | 3rd to 9th Nov 2025 Weekly Wrap

Markets witnessed a mixed performance last week, with the benchmark index slipping while banking stocks held firm. Let’s break down the key movers, sector trends, FII-DII activity, and derivatives data shaping the week ahead.

Expert recommendation by:

• Mr. Ketan Kaushik - Derivative Analyst

Equity

• Benchmark Index traded with negative bias in the previous week before closing with 0.89% cut at 25492 level. Banking Index outperformed the benchmark index as it closed with 0.17% gain at 57877 level.
• Among the Nifty constituents, SHRIRAMFIN and M&M outperformed the benchmark index as they closed with 9.01% and 5.82% gains while HINDALCO and GRASIM underperformed as they closed with 6.78% and 5.78% cut respectively. Among the Bank Nifty constituents BANKBARODA outperformed the benchmark index as it closed with 3.83% gain while AXISBANK underperformed as it closed with 0.81% cut.
• Among sectors, NIFTYPSUBANK index outperformed the benchmark index during the previous week as it is closed with 2.05% gain while NIFTYMEDIA index underperformed as it closed with 3.17% cut. MIDCAP index outperformed the benchmark index as it closed with 0.03% gain while SMALLCAP index underperformed the benchmark index as it is closed with 1.66% cut.
• Volatility index (India VIX) closed with 2.39% gain at 12.44 level.
• FII were net sellers as they sold stocks worth Rs 1,633Cr while DII were net buyers as they bought stocks worth Rs 16,678Cr 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 1.21% cut and 1.24% cut respectively.

Derivatives

• Derivatives data for Nifty suggest max OI addition at 25500 call and 25300 put with max OI at 26000 call and 25300 put side (11th Nov expiry). Nifty cumulative PCR closed at 0.93 for Nov 07.
• Derivatives data for Bank-nifty suggest max OI addition at 58500 for both call and put with max OI at 58000 for both call and put side (25th Nov expiry). Bank-nifty cumulative PCR closed at 0.96 for Nov 07.

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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 negative bias in the previous week and closed with bearish candlestick formation on
  the weekly chart
• Benchmark index is likely to trade volatile in the coming week
• Benchmark Index has support at 25,200 – 25,000 level and resistance at 25,850 – 26,000 level

BANKNIFTY (WEEKLY)

• Banking index outperformed the benchmark index and closed with indecisive candlestick formation on the weekly chart
• Banking index is likely to continue its outperformance vis-à-vis the benchmark Nifty index in the coming week
• Banking index has support at 57,000-56,600 and resistance at 58,600-59,000 level

FINNIFTY (WEEKLY)

• FINNIFTY index outperformed 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 26,900-26,700 level and resistance at 27,650-27,850 level.

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