Nifty, Sensex Show Mixed Moves but Bullish Trend Persists

Mumbai, November 15 — After three consecutive days of rally, the Nifty index experienced a slight pullback on Friday yet remained above the vital 25,000 support level. Market experts assert that the bullish trend on the NSE will likely endure as long as the index does not slip below this benchmark.

Technical analysis reveals a breakout from the previous swing high and a descending resistance trend‑line, preserving a positive weekly pattern. The index trades well above its 50‑week exponential moving average (≈ 24,037) and its 200‑week EMA (≈ 22,451), indicating strong long‑term momentum.

A doji candle on the latest session adds a note of caution, but analysts emphasize that staying above the breakout zone is crucial. Resistance is spotted at 25,350 and 25,800; a firm breach could open the door to higher levels. Support is clustered between 24,800 and 25,000, a zone that must hold to safeguard the rally.

If the index respects this support, fresh buying may be sparked; a breach could usher in consolidation, prompting traders to keep a positive outlook while monitoring profit‑booking at the top.

On the Sensex side, the immediate support range lies at 81,300‑81,000, with the next cushion at 80,700‑80,500. The index closed lower on Friday, shaving off some of its recent gains. Immediate resistance is identified around 81,900‑82,200, followed by a stronger barrier near 82,500. Maintaining positions above these levels would reinforce the prevailing bullish sentiment for both indices.