Market sentiment reflected a cautious and selective tone, as benchmark indices opened on a firm footing but struggled to sustain early strength. Despite maintaining positions above key moving averages, investors showed signs of hesitation amid mixed sectoral performance. Buying interest was visible in segments linked to automobiles, metals, and public sector enterprises, indicating continued confidence in cyclical and value-oriented pockets. Momentum indicators remained in the comfortable zone but edged closer to overheated levels, hinting at limited room for aggressive upside without fresh triggers.
On the flip side, weakness in real estate, healthcare, and consumer-focused sectors weighed on overall market mood. Profit booking and sector-specific concerns appeared to influence traders’ decisions, leading to softness even as broader indices held relatively steady. Global cues from Asian peers painted a mixed picture, further reinforcing a wait-and-watch approach. Overall, the market reaction suggested a blend of resilience and restraint, with participants navigating between optimism in select sectors and caution over stretched valuations.
In this overview, we will analyse the key technical levels and trend directions for Nifty and BSE Sensex to monitor in the upcoming trading sessions. All the charts mentioned below are based on the 15-minute timeframe.
NIFTY 50 Chart & Price Action Analysis
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The Nifty 50 Index opened on a positive note at 26,325.8 on Monday, up by 122.85 points from Friday’s closing of 26,202.95. The index hit an all-time high at 26,325.8, which was also the opening price. Though it opened on an optimistic note, the index did not sustain above the 26,300 level during the morning session and continued to decline. It was trading within the range of 26,170 and 26,280.
In the afternoon session, the index lost its momentum and dropped further, falling below the 26,150 level, hitting an intra-day low at 26,124.2. The Index was trading between the range of 26,130 and 26,220. Finally, it had closed on a flat to negative note at 26,175.75, down by 27.20 points, or 0.10%. In the short term, the Index was above the 13/20-day EMA, indicating a near-term bullish trend in the daily time frame.
The Nifty 50’s nearest resistance level is 26,585 (R1), the level at which it failed to sustain above, and its next resistance is at 26,314.45 (R2). On the other hand, the closest support is now at 26,145 (S1), and the next one at 26,025 (S2), which were previous resistances now acting as support. If the index falls below this, the next strong support level to watch is at 25,855 (S3).
Trade Setup:
Nifty 50Resistance 226,314.45Resistance 126,285.00Closing Price26,175.75Support 126,145.00Support 226,025.00Support 325,855.00
NIFTY 50 Momentum Indicators Analysis
RSI (Daily): The Nifty 50’s RSI stood at 61.66, which is below the overbought zone of 70, indicating room to grow higher.
Bollinger Bands (Daily): The index is comfortably trading in the upper band of the Bollinger Band range. Its position in the upper range suggests a bullish sentiment in the short term. However, on Monday’s session, the Index formed a relatively weak bullish candlestick pattern, with no upper wick, and a longer lower wick, with a red body, reflecting indecision and weakness in upward momentum. The index fell below the 26,200 level on Monday’s session. A sustained move above the middle band signals a bullish sentiment, while a drop back toward the lower band may reinforce bearish sentiment.
Volume Analysis: Monday’s trading session had an average volume of 213.83 Mn.
Derivatives Data: Options open interest (OI) data suggest a strong support zone around 26,100 and 26,000, where put option writing is high, indicating traders expect the index to hold these levels. On the upside, significant call option open interest at 26,200 and 26,300 signals resistance, as sellers are likely to defend these strike prices. The Put/Call Ratio (PCR) stands at 0.75, which is below 1 and indicates a neutral to bullish sentiment with more call activity than put. However, the presence of a short buildup indicates a bearish sentiment and a likely continuation of the downward price movement, giving an overall mixed outlook. This combination implies the market may trade in a range, with strong support near 26,000-26,100 and resistance near 26,200-26,300, until a decisive breakout occurs.
Bank Nifty Chart & Price Action Analysis
The Bank Nifty Index also opened on a positive note at 60,102.05, above the 60,100 level, on Monday, up by 349.35 points from Friday’s closing of 59,752.70. During the morning session, the index moved upwards above 60,100, hitting a new all-time high of 60,114.3. But later the index plunged below the 59,700 level, and it was trading in a range between the 59,650 and 60,100 levels.
In the afternoon session, the index formed a range bound and was trading in the range of 59,550 and 59,800, ending the day above the 59,650 mark. Finally, it had closed on a bearish note at 59,681.35, down by 71.35 points or 0.12%. The Relative Strength Index (RSI) stood at 70.51, in the overbought zone of 70 in the daily time frame. In the short term, the Index was above the 13/20 day EMA in the daily time frame.
The nearest resistance is at 59,866.60 (R1) and 60,114.30 (R2), which is the all-time high for the index. On the other hand, the closest support is now at 59,520 (S1), and the next support is at 58,750 (S2), where the index has taken support at this level previously. If the index falls below this, the next major support level to watch is at 58,175 (S3).
Trade Setup:
Bank NiftyResistance 260,114.30Resistance 159,866.60Closing Price59,681.35Support 159,520.00Support 258,750.00Support 358,175.00
BSE Sensex Chart & Price Action Analysis
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The BSE Sensex Index also opened on a similar note as the Nifty 50, opening at 86,065.92 on Monday, up by 359.25 points from Friday’s closing of 85,706.67. The Sensex index opened on a positive note and hit its new all-time high at 86,159.02 during the morning session. It traded in the range of 85,550 and 86,160 during the morning session. In the afternoon session, the index started declining from its high and reached the 85,600 mark.
The Index was trading between the range of 85,600 and 85,800 during the afternoon session. Finally, it had closed at 85,641.90 in red, down 64.77 points or 0.076%. The Relative Strength Index (RSI) stood at 63.22, below the overbought zone of 70 in the daily time frame. In the short term, the Index was above the 13/20 day EMA in the daily time frame, and the index formed a Big bearish candlestick pattern, which suggests a bearish reversal.
The index faces immediate resistance at 86,000 (R1) and 86,159.02 (R2), a level near its all-time high. On the downside, support lies at 85,470 (S1), which was previously resistance and now acts as support; the next one is at 85,130 (S2), where the index has taken support previously. Whereas the next support level (S3) is at 84,485.
Trade Setup:
SensexResistance 286,159.02Resistance 186,000.00Closing Price85,641.90Support 185,470.00Support 285,130.00Support 384,485.00
Market Recap on December 1st, 2025
On Monday, the Nifty 50 opened slightly higher at 26,325.80, up by 122.85 points from its previous close of 26,202.95. The index hit an intraday high of 26,325.80 and closed above the 26,100 level at 26,175.75, down -27.20 points, or -0.10%. The index closed above all key moving averages (20/50/100/200-day EMAs) on the daily chart.
The BSE Sensex followed the same trajectory, opening on a positive trend at 86,065.92, up 359.25 points from the previous close of 85,706.67. It closed at 85,641.90, down -64.77 points, or -0.08%. Both indices showed moderate momentum, with RSI values for the Nifty 50 at 61.66 and the Sensex at 63.22, nearing the overbought threshold of 70.
On Monday, major gainers were the Nifty Auto index, which rose 0.79% or 218.40 points, and stood at 27,993. Stocks such as TVS Motor Company Ltd rose 3.69%, followed by Tata Motors Passenger Vehicles Ltd and Hero MotoCorp Ltd, which increased by up to 1.96% on Monday. The Nifty Metal index was also among the biggest gainers, increasing 0.58% or 60.15 points, and standing at 10,353. Stocks such as Hindustan Copper Ltd, Hindustan Zinc Ltd, NMDC Ltd, and National Aluminium Company Ltd all rose by up to 3.76% on Monday. The Nifty CPSE index also rose by 0.55% or 35.25 points, to 6,397.10.
On the other hand, the Nifty Realty index was the major loser, falling -1.02% or -9.25 points, and standing at 893.9. Stocks such as Lodha Developers Ltd fell by -1.7%, followed by Oberoi Realty Ltd and DLF Ltd, which decreased by up to -1.7% on Monday. The Nifty Healthcare index was also among the biggest losers, falling -1% or -145.8 points, and standing at 14,885.45.
Stocks such as Max Healthcare Institute Ltd were down -3.2% on Monday. While other stocks like IPCA Laboratories Ltd, Fortis Healthcare Ltd, and Alkem Laboratories Ltd also decreased by up to -2.2%. The Nifty Consumer Durables index was also among the top losers, falling -0.5% or -194.7 points, and standing at 37,686.90.
Asian markets ended the week on a mixed note. China’s Shanghai Composite increased by 25.41 points, or 0.65%, to 3,914; Japan’s Nikkei 225 fell by -950.63 points or 1.89%, closing at 49,303.28. Whereas, Hong Kong’s Hang Seng Index increased by -174.37 points, or -0.67%, to close at 26,033.26, and South Korea’s KOSPI also declined by -6.22 points or -0.16%, closing at 3,920.37.
India VIX
The India VIX was flat at 11.625, up by 0.0075 points (0.06%) during Monday’s trading session, indicating neutral sentiment in expected market volatility. However, overall volatility remains low, since the India VIX is generally considered elevated only when it rises above 15.
Given the ongoing volatility and mixed sentiments, it’s advisable to avoid aggressive positions and wait for clear directional moves above resistance or below support. Traders should consider these key support and resistance levels when entering long or short positions following the price break from these critical levels. Additionally, traders can combine moving averages to identify more accurate entry and exit points.
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