Sensex, Bankex analysis for 16/11/2026 (market analysis)

1. BSE Sensex (Level: 81,592) Current Bias: Bullish / Neutral-Positive as long as it holds above the critical support threshold. Key Support / Pivot: 80,500 Trading Strategy: Hold Long: Maintain existing long positions as long as Sensex trades above 80,500. Conditional Short: Avoid aggressive shorting unless a confirmed breakdown happens below 80,500, which would signal a shift in momentum toward deeper downside support zones. 2. BSE Bankex (Level: 68,809) Current Bias: Bullish / Defensive Trend supported by banking sector strength, provided critical floor levels remain intact. Key Support / Pivot: 68,100 Trading Strategy: Hold Long: Keep long positions active while trading above 68,100. Conditional Short: Consider short setups only if prices break decisively below 68,100, opening the door for increased selling pressure in financial constituents. F&O top gainer was : POWERINDIA