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Stock market outlook for 12 November 2026: what brokers expect today

The Nifty outlook today is cautiously positive. GIFT Nifty (an early signal for the Nifty) points to a flat start, after Wednesday’s 0.84% jump to 25,255. Near-term support is around 25,050–25,150, with deeper support at 24,800–25,000. Resistance sits near 25,400–25,500, and one broker sees 25,750 if the rally continues.

Levels the desks are watching

NIFTY 50

Previous close
25,255.05 +0.84%
  • R2 Highest resistance named25,500
  • R1 Consensus resistance25,400
  • S1 Consensus support24,800
  • S2 Lowest support named24,774

How the day ended: NIFTY 50 closed at 25,299.35 +0.18%

Consensus levels are the median of the levels each firm named.

Before the bell

Today’s outlook from top brokers

Each firm’s pre-market note in one or two lines, with its stance, its levels and the sectors it is tracking. Views belong to the firms; follow the link for the full note.

Street consensus Leaning bullish Based on 4 broker notes
Bullish 2 Neutral 0 Cautious 2 Consensus support 24,800 · resistance 25,400
Broker outlook for the session
FirmStanceNifty viewSupportResistanceSectors to watchSource
Religare Broking Bullish After a sharp, near-vertical rally, a pause would be healthy. They want investors to buy good stocks on dips and not chase prices. Their stock ideas are Federal Bank, MCX and Paytm. 24,800 25,500 PSU banks, capital markets, oil and gas Note (opens in a new tab)
Choice Broking Cautious The trend is still positive, but the Nifty looks overbought (RSI near 79; RSI is a speed gauge, and readings this high often lead to a pause). Options data shows a key zone around 25,200. Staying above it is good for bulls. A slip below it could bring profit-booking. India VIX, the market’s “fear gauge”, is 17.55. 25,050 25,400 Not stated Note (opens in a new tab)
Kotak Securities Cautious The mood is better after yesterday’s rise, helped by foreign buying and lower oil. The market gave up some gains late in the day, so the tone is still careful. — — PSU banks, private banks, autos. IT and healthcare may stay weak. Note (opens in a new tab)
HDFC Securities Bullish The positive pattern is still intact, even after some profit-booking. They see the nearby support as an earlier swing high. 24,774 25,383 Not Stated Note (opens in a new tab)
Our read

Where the street agrees, and where it is split

Nifty outlook today: where brokers agree and where they differ

Everyone sees the trend as positive. Religare, HDFC Securities and Bajaj Broking are the more bullish voices and expect higher levels. Choice Broking, Kotak Securities and Upstox are more careful. They point to an overbought market and a likely pause. The real split is about how deep a dip could go. Choice sees support close by at 25,050–25,150. Religare, HDFC Securities and Bajaj Broking talk about 24,750–25,000, and Upstox mentions 24,370 as the last safety net.

What it means for today: a quiet or choppy session looks more likely than a big jump. A move above 25,400–25,500 would be a bullish sign. A slip under 25,000 would show profit-booking.

Other clues:

Key themes and news

What could move the market today

FII and DII flows

Foreign portfolio investors were net buyers of ₹6,959.35 crore in Indian equities on 11 Nov, according to NSDL.

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Policy and events

RBI press releases: Conversion/Switch of Government of India Securities · RBI press releases: Reserve Money and Money Supply for the fortnight ended on October 31, 2026

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Sources for this page

Disclaimer: Marketasset is an information service and is not registered with SEBI as an investment adviser or research analyst. Outlooks summarise views that securities firms have published, and those views belong to the firms. Technical levels describe past prices only. Nothing on this page is a recommendation to buy, sell or hold any security.

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