Nifty Outlook for 16-Nov-2026 Looks Range Bound

The Nifty 50 outlook for Monday, November 16, 2026, is cautious with a consolidation bias after closing Friday at 25,144.30 (-155.05 points or -0.61%). While the broader trend remains intact, near-term profit booking and elevated domestic inflation are capping immediate upside momentum. The Daily MACD Histogram above zero and Hourly MACD Histogram below zero indicates a tug of war between buyers and sellers. The Daily RSI 14 at 75.22 and Hourly RSI 14 at 57.89 indicates a bullish trend. But, the Daily RSI 14 indicates overbought zone, and we may see some profit booking at higher levels. Thus, the overall trend of Nifty looks to be in a range, and the markets might move either side. Buy on dips and sell on rise would be the best strategy to deploy for today’s market considering the overall trend of Nifty. We may expect a change in trend only if the price sustains below the support level or above the resistance level. I have provided Nifty Spot resistance and support levels which would help you learn in taking informed trading decisions using these levels and understand how support and resistance levels work in financial markets. Nifty Spot Resistance 1 - 25330 Resistance 2 - 25375 Support 1 - 24990 Support 2 - 24950 Happy Learning, Happy Trading and have a wonderful day Top Gainers : EICHERMOT, HINDUNILVR, BSE. Top Losers : SHRIRAMFIN, TMPV, GRASIM. EICHERMOT