Nifty 50 Outlook for 11 November 2026
NIFTY 50 recorded its eighth positive close in the last nine trading sessions, with bulls in complete control of the markets. During this period of 9 trading sessions, a lower high or trend reversal level of 24774.30 was also broken. The trend is now positive across all major time frames. The index is now trading well above all the major EMAs, especially the 200-day EMA, and all are now sloping upwards. The market breadth continues to improve; however, the money is flowing more into the large-cap stocks, specifically from banking & financials, pharma, and the IT sector. We are not far from all-time highs, which will be targeted soon by the bulls. Any dips, if seen, will be a buying opportunity. The leading stocks from the leading sectors will continue to be the performers and attract inflows.
As far as the derivatives positioning is concerned, aggressive long buildup along with short covering was seen, signaling the continuation of an uptrend.
Key Resistances: 25370 and 25480
Key Supports: 25150 and 25000
Strategy: The index is set to open with a gap on the upside, so, buy Nifty (Spot level) on dips around 25050 with a stop-loss of 24950, targeting 24200.
ADITYA THUKRAL, PROPRIETOR, AT RESEARCH AND RISK MANAGERS
SEBI Registered Research Analyst INH000013794