Nifty Index Technical Outlook for 12th November 2026

Nifty Index witnessed selling pressure near the crucial resistance zone of 25,400 during yesterday's trading session, precisely as anticipated in our previous research report. The inability of the index to sustain at higher levels indicates that smart bulls may be looking to book profits from their existing long positions, while aggressive bears could utilise elevated levels to initiate fresh short-selling positions. The repeated rejection near 25,400 highlights the emergence of supply pressure at higher levels, making this an important resistance zone to monitor. If Nifty continues to trade below the 25,400 resistance level during today's trading session, selling pressure from higher levels could intensify, potentially dragging the index towards lower support zones as bears attempt to capitalise on the prevailing profit-booking momentum. Traders should remain cautious while initiating fresh long positions near resistance, as the risk-reward ratio may increasingly favour bearish trades at elevated levels. However, despite the recent rejection, the broader technical structure continues to remain bullish, with the crucial pivot positioned at 24,700, marked by the blue dotted horizontal line on the chart. As long as Nifty sustains above this pivot and manages to close above it, the broader bullish trend remains intact, and any intermediate correction could attract fresh buying interest from bullish participants. A decisive breakdown below 24,700, however, would weaken the prevailing bullish structure and could trigger further downside towards the next major support zone of 24,000. Therefore, the immediate trading strategy should be to watch price behaviour around 25,400 resistance while keeping 24,700 as the key trend-defining pivot. Please Read Disclaimer & Disclosure Carefully: *****