Nifty:25884.8/-74.7/-0.29%;Candle:OGU;; Bank Nifty:58820.6/-15.05/-0.03% Candle:OGU;Short day red; HB:OGU;Long day red;990;Tcs:OGU;Short day red;3116;RIL:OGU;Short day green;1540;
Stocks removed from F&O ban: SAIL, Sammaan Capital
Market wrap up(DWM,T,N,E):he benchmark Nifty 50 extended its downward journey and maintained a lower-high, lower-low structure for the third straight session on November 25, closing the F&O expiry day down by a third of a percent. The momentum indicators signalled caution, but the VIX dropped sharply, and the index still held above 25,850—the immediate support converging with the 20 DEMA, 20 DSMA, and last week’s low. Hence, if the index decisively breaks below this level, a move toward 25,700 and 25,500 cannot be ruled out amid consolidation; however, sustaining above it could bring resistance at 26,000–26,100, experts said. The Nifty 50 formed a bearish candle on the daily timeframe, indicating selling pressure but with lower-than-previous-day and below-average volume. The index fell below the 10-day EMA but continued to sustain above the 20-day and 50-day EMAs and the midline of the Bollinger Bands (20 DSMA). The RSI declined to 54.4, the Stochastic RSI maintained a bearish crossover, and the MACD dropped below its reference line with weakness in the histogram. All of this indicates caution and the possibility of consolidation unless the index holds key support levels. The Bank Nifty formed a bearish candle with an upper shadow on the daily charts, signalling pressure at higher levels, but traded within the previous day’s range. The index closed flat with a negative bias and continued to trade well above all key moving averages. The RSI at 62.73 remained below the reference line, the Stochastic RSI sustained its bearish crossover, and the MACD maintained a negative crossover with the histogram falling slightly below the zero line. All of this indicates a short-term consolidation or mild corrective phase, while the broader trend remains intact above key supports.
