On November 9, the Nifty 50 rose 58 points, or 0.23 percent, to close at 25,045, while the Bank Nifty surged 891 points, or 1.51 percent, to 59,741. However, market breadth remained weak, with around 1,848 stocks declining against 1,445 advancing stocks on the NSE.
Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan
The Nifty has cooled off over the last couple of sessions after last week's sharp rally. The gap zone of 24,898 to 25,141, which came up in February 2026, has now been filled and is acting as a key hurdle in the near term. A minor correction or sideways phase looks likely in the coming sessions.
On the downside, the 24,774 to 24,600 zone is a strong support area, and a dip towards this zone can be seen as a buying opportunity. Once Nifty moves past its recent high of 25,132, it can extend the move to 25,450 and then 26,000.
Strategy: Buy Nifty Futures at CMP and on dips between 24,774 to 24,600, with a stop-loss of 24,295 on a closing basis, and target of 25,450 – 26,000.