The Nifty and Nifty Bank indices demonstrated significant recovery last week, indicating potential resumption of the broader uptrend. Notably, Nifty is forming a Cup and Handle pattern on the chart, which supports a bullish outlook. Current support levels are expected to help limit any downturns, leading to expectations of further gains for both the Nifty 50 and the Nifty Bank indices.
For Nifty, support is situated at 25,750 and 25,500. The index has the potential to rise to 26,300, which may occur either directly or following a brief dip to 25,500. A decisive break above 26,300 could propel Nifty towards 26,800 in the short term.
The Nifty Bank index shows solid support around 57,500-57,400, with projected upward movement toward 59,300-59,500 over the next week or two. A breakout past 59,500 could lead the Nifty Bank index to initially target 60,300, eventually aiming for 61,500-62,000 in the medium term.
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Published on November 15, 2025.
