Among sectors, the Media index lost the most, shedding over 3 percent, whereas Capital Market and PSU Bank indices outperformed rallied over 2 percent.
Amol Athawale,
VP, Technical Research,
Kotak Securities
Mumbai, November 7, 2025: “In the last truncated week, the Nifty ended 0.89 percent lower, while the Sensex was down by 722 points. Among sectors, the Media index lost the most, shedding over 3 percent, whereas Capital Market and PSU Bank indices outperformed rallied over 2 percent. During the week, the market breached the crucial support zone of 25,700/83900, and post-breakdown, selling pressure intensified. However, last Friday, the market registered some recovery from the lower levels.
Technically, on weekly charts, it has formed a bearish candle and is currently trading comfortably below the 20-day SMA (Simple Moving Average) support zone, which is largely negative. We believe that the short-term market outlook remains weak, but due to temporary oversold conditions, we could see range-bound activity in the near future.
For traders, the support zone of 25,300-25,250/82600-82400 would be promising, while 25,625 and 25,700/83600-83900 could act as key resistance levels for the bulls. A successful breakout above 25,700/83900 could push the market to 25,800-25,900/84200-84500. On the other hand, if the market slips below 25,250/82400, it could retest the levels of 25,000-24,950/81700-81500.
For Bank Nifty, immediate support zones are at 57,500-57,200. As long as it is trading above these levels, the positive sentiment is likely to continue. On the higher side, it could move up to 58,500-58,800. However, below 57,200, the sentiment could turn negative, increasing the chances of hitting 57,000-56500.”
