Nifty 50 continues to trade weak. The index touched a high of 25,679.15 in the early trades. But, from it has come down giving back all the gains. Nifty is currently trading at 25,544, down 0.21 per cent. The advance/declines ratio is at 20:30. This is negative. This has to turn in favour of the advances in order the limit the fall during the day.
Nifty 50 Outlook
The outlook is negative. Resistance is in the 25,650-25,680 region which is holding well for now. There is room on the downside to see a fall to 25,450-25,400 and even 25,350 in the coming sessions. After this fall there are good chances to see a bullish reversal.
Any intraday bounce is likely to be capped at 25,680. Ideally, Nifty has to rise past 25,700 to ease the downside pressure. That looks less likely at the moment. As such, the above-mentioned fall to 25,450-25,350 is likely to happen first.
Nifty 50 Futures
The Nifty 50 November Futures (25,655) contract is down 0.21 per cent. The contract has come down sharply from its intraday high of 25,805.
The outlook is bearish. The Nifty 50 November Futures contract can fall to 25,450 in the coming sessions.
. Resistance in the 25,700-25,720 region can cap the upside if there is a bounce during the day. A strong rise above 25,720 is needed to ease the downside pressure and see a rise to 25,800-25,850. But a break above 25,720 might not be very easy at least for now.
Trader strategy
Traders can go short now at 25,655. Add more shorts on a rise at 25,690. Keep the stop-loss at 25,740 initially. Trail the stop-loss down to 25,625 as soon as the contract falls to 25,605. Revise the stop-loss down to 25,590 and 25,530 when the contract touches 25,545 and 25,510 respectively. Exit the short positions at 25,480.
Supports: 25,450, 25,400
Resistances: 25,720, 25,800
Published on November 6, 2025
