Domestic markets are likely to open on a flat note on Thursday amid mixed global cues. Hopes of US-India trade deal happening soon are keeping market sentiment vibrant, said market experts. According to analysts, the consolidation phase is likely to continue for some more days.
“We maintain a positive outlook amid the ongoing consolidation phase and expect the Nifty to attempt fresh highs on a decisive breakout above 26,100. Participants should continue to adopt a selective approach, focusing on sectors displaying strength, with a preference for large-cap and stronger mid-cap names,” said Ajit Mishra, SVP, Research, Religare Broking Ltd.
Meanwhile, Gift Nifty is trading at 26,070 against Nifty futures’ previous close of 26,071 indicates a flattish beginning for the day.
F&O trading indicates a cautious outlook, said analysts.
Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities, said: From the derivatives perspective, the 26,000 strike continues to dominate as the highest Call OI, with 1.35 crore contracts, making it a strong immediate resistance. On the downside, the 25,500 strike holds 70.37 lakh Put OI, reinforcing it as a reliable support zone.
“This OI setup reflects a well-defined trading range for the index in the near term. The Put–Call Ratio (PCR) saw a noticeable dip, falling to 0.90 from 1.32, highlighting a shift toward cautious sentiment as call writing outpaced put additions. This declining PCR indicates traders are beginning to hedge for potential near-term consolidation or mild weakness,” he added.
Published on November 20, 2025
