Nifty ended 140 points higher while the Sensex was up by 446 points
Shrikant Chouhan,
Head – Equity Research,
Kotak Securities
Mumbai, November 20, 2025: Today, the benchmark indices continued their positive momentum, with the Nifty ends 140 points higher while the Sensex was up by 446 points. Among sectors, buying was seen in Auto and Financial stocks, whereas the Media index lost the most, shedding over 1.67 percent. Technically, the market opened with a gap up and maintained positive momentum throughout the day. A bullish candle on daily charts and an uptrend continuation formation on intraday charts indicate a further uptrend from the current levels. We believe that the current market texture is bullish, but buying on intraday dips and selling on rallies would be the ideal strategy for day traders. For traders, now 26,100-26,000/85500-85200 would act as key support zones, while 26,250/85800 and 26,400/86300 could be crucial resistance areas for the bulls. However, below 26,000/85200, the uptrend would become vulnerable.
Gaurav Garg, Research Analyst Lemonn Markets Desk, adds:
Equity benchmarks extended their gains on Thursday, supported by firm global cues and renewed foreign fund inflows after Nvidia’s upbeat earnings lifted global risk sentiment. Foreign institutional investors turned buyers
on Wednesday, adding over Rs1,580 crore to Indian equities and reinforcing the positive tone. Asian markets also traded sharply higher, with South Korea’s Kospi and Japan’s Nikkei up more than 3 percent, echoing overnight gains in US indices following a rebound in tech shares. Reliance Industries contributed materially to the Nifty’s rise, supported by upbeat brokerage commentary and expectations of improved performance in its O2C and new energy businesses. Technically, the anticipated upward move has opened the door for Nifty to approach the 26,350–26,550 zone.
