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- 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.
| Firm | Stance | Nifty view | Support | Resistance | Sectors to watch | Source |
|---|---|---|---|---|---|---|
| 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) |
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.
More on this themePolicy 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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