
The Nifty 50 opened on a flat note but drifted lower throughout the session, indicating consistent profit booking and a lack of follow-through buying at higher levels. Immediate resistance is now placed at 25,700, followed by 25,750 and 25,800, while support is seen at 25,450 and 25,500, which may act as potential accumulation zones for positional traders.

The Nifty 50 prediction today indicates a sideways to bullish trend. The range is between 25450 and 25750, with support at 25450-25500 and resistance at 25700-25750. Traders should monitor these crucial levels closely for potential market shifts.

The Bank Nifty mirrored the broader market’s weakness, closing 275 points lower and signaling a pause in its recent recovery attempt. Key support is positioned at 57,700, and a decisive break below this level could lead to further downside toward 57,500 and 57,300. On the upside, resistance is seen at 58,000–58,200, and a breakout above this zone could potentially extend the rebound toward 58,500.
Today Bank Nifty prediction suggests a sideways to bullish range between 57500 and 58200, with strong support at 57500-57700 and resistance at 58000-58200. Traders should monitor these crucial levels closely for potential market shifts.
Indian equity markets ended on a negative note on November 4th, after a volatile trading session that saw persistent selling pressure across key sectors. At the close, the Sensex declined 519.34 points or 0.62% to settle at 83,459.15, while the Nifty 50 slipped 165.70 points or 0.64% to close at 25,597.65. Market breadth remained weak, with 1,543 shares advancing, 2,439 shares declining, and 152 remaining unchanged on the BSE.
The SENSEX today prediction is projected to move in a sideways to bullish range, between 82900 and 84000. Key support is expected around 82900-83200, while resistance is likely near 83700-84000. Traders should monitor these crucial levels closely, as a breakout in either direction could signal a significant market move.
Meanwhile, the India VIX, a measure of market volatility, edged down slightly by 0.10% to 12.65, indicating a relatively stable sentiment despite the broader market correction. In the derivatives segment, open interest (OI) data showed the highest call writing at the 25,700 strike, while the maximum put OI was concentrated at the 25,600 strike, suggesting firm resistance near the 25,700 level.
Overall, the market remains in a consolidation phase, with traders adopting a cautious stance ahead of key global and domestic cues. A sustained move above 25,700 will be essential to revive bullish momentum, while failure to hold above the 25,500 zone could invite further weakness in the near term.
Prediction is given by the Technical Research Team - Choice.
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