Morning Market Insights 11-08-2026

Nifty has once again continued its range-bound movement and is looking neutral on the daily charts. The index remains in a wait-and-watch mode as the market looks for fresh triggers. On the technical front, immediate support is placed at 24,370–24,420, while 24,700–24,750 remains the key resistance zone for the day. A decisive breakout on either side of this range could provide the next directional move. Bank Nifty has also remained range-bound over the past few sessions and is expected to maintain a similar trend amid volatility in global markets and the recent rise in crude oil prices. Crucial support for the index is placed around 57,100–57,250, while 58,000–58,100 remains the immediate resistance, followed by 58,300. ADANI STOCKS IN FOCUS Adani Group stocks are likely to remain in focus after the US legal overhang eased further. The US Department of Justice had moved to dismiss the criminal charges against Gautam Adani and other defendants, and the US court has now dismissed the criminal case. This development removes a major source of uncertainty surrounding the group and could improve investor sentiment toward Adani stocks. Adani Group shares had already reacted positively when the US charges were dropped earlier this year. The key stocks to watch include Adani Enterprises, Adani Green Energy, Adani Power, Adani Ports and Adani Energy Solutions. However, after a strong rally, investors should watch for sustained buying rather than chasing a sharp opening move. $ADANIENT