Team SAHI
A rough start to the week: Market slips off highs. Todayās session looked weak at the open, but sentiment improved through the day as Financials helped shape a recovery. Mid-caps and Small-caps outperformed and the NSE A/D ratio at 2:1 showed a clear buying appetite beneath the surface.
Technically: Nifty defended its 50-DEMA at 25,728, which now becomes the key anchor for the next session. A slip below it opens a path to 25,500ā25,550; staying above keeps 26,050 in view. Bank Nifty must defend 58,800 to avoid a slide toward 58,350 and then 58,000, while 59,400 remains the near-term resistance.
| Index | Support | Resistance |
|---|---|---|
| Nifty | 25,720 & 25,650 | 25,950 & 26,050 |
| Bank Nifty | 58,800 & 58,650 | 59,350 & 59,550 |
| Sensex | 84,400 & 84,000 | 85,050 & 85,350 |
IT weighed on the market ahead of the Fed decision. PSU Banks led the gains, rising 1.29%. Other laggards included Autos, Pharma and parts of Financial Services.Ā
The real action came from individual names. Kaynes Technology gained 13.76% after a positive brokerage note. Delhivery gained nearly 4.33% on launching āDelhivery Internationalā for MSMEs.
IndiGo broke the losing streak as its CEO said operations had stabilised. On the softer side, Coforge slipped 3.99% on weaker CY26 Tech-spending commentary, and Hero MotoCorp fell 2.69% after UBS flagged early-December Market-share pressure.
Call writers are firmly defending 26,000 (37.72L), while put writing at 25,800 (25.41L) remains weaker. With a PCR-OI of 0.7, the setup points to a call-dominated market, any upside attempts may face strong resistance.
| Stock | % Gain / Loss | Whatās happening? |
|---|---|---|
| FLUOROCHEM | +5.05% | Rebounding from triangle pattern support at 3,220; resistance near 3,675 |
| TMCV | +3.54% | Narrow range breakout; trading near 52-week high |
| CGPOWER | +3.19% | Buying emerging from Golden Ratio zone; support at 635 |
| CHOLAHLDNG | +3.09% | Consolidating in a volatility contraction; breakout trigger near 1,955 |
| COFORGE | -3.99% | Rejected from the 1,990ā2,000 resistance zone |

Spotted: Flag & pole
Structure: A strong vertical rally followed by consolidation: a pause, not a reversal.
Validation: Decisive breakout above the flagās upper boundary with steady momentum.
Trading insight: The trend often resumes strongly, extending by a proportion comparable to the poleās height.

Market Minute | November 17, 2025
šNifty50 hits 26K, Bank Nifty at All-time high, Tata Motors PV falls ~5%; Top stocks in action & more inside!

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