What to expect from Indian stock market in trade on November 28

By Admin

28 Nov, 2025

The Indian stock market is set for a positive opening on Friday, supported by mixed global cues and a mildly optimistic trend on the Gift Nifty. Early indicators suggest that traders might witness another session of consolidation with stock-specific movements playing a key role.

Gift Nifty Trends

The Gift Nifty was seen trading near the 26,414 level, which is a premium of around 24 points compared to the previous Nifty futures close. This points to a slightly positive start for the benchmark indices today.

Market Recap: November 27

On Thursday, the Indian market ended on a steady yet cautious note after hitting fresh intraday highs.

• Sensex rose 110.87 points (0.13%) to close at 85,720.38
  
  

• Nifty 50 gained 10.25 points (0.04%) to settle at 26,215.55
  
  

• Both indices touched record highs, with Nifty moving above 26,200 and Sensex reaching 86,055.86 earlier in the session
  
  

With the market continuing to hold near record zones, analysts see room for further upside   but only if key support levels remain intact.

Sensex Prediction

The Sensex hit an all-time high of 86,055.86 on Thursday, maintaining its strong momentum.

According to Shrikant Chouhan, Head Equity Research, Kotak Securities, the outlook stays positive as long as the index holds key support levels.

• Strong support: 85,500 and 85,200
  
  

• Resistance zone: 86,000 – 86,300
  
  

• Below 85,200: Traders may look to exit long positions as sentiment could weaken
  
  

Overall, the Sensex is expected to trade with a bullish bias unless it breaches its crucial support zone.

Nifty 50 Prediction

The Nifty 50 formed a small-bodied candle with shadows on both ends, indicating consolidation after the recent breakout. The index touched a new lifetime high at 26,310.45 during the previous session.

According to Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities:

• The pattern indicates sideways movement before the next big rally
  
  

• The index may stay choppy in the short term
  
  

• Immediate support: 26,100 – 26,050
  
  

• Upside levels: Around 26,600
  
  

Nilesh Jain of Centrum Broking believes the structure remains constructive, with the potential to move toward 26,350. Momentum indicators such as MACD and RSI above 60 support the bullish sentiment.

However, he also cautions that the risk-reward ratio is not favourable at higher levels and suggests that traders wait for a pullback rather than chasing the rally.

Sudeep Shah of SBI Securities highlights:

• Hurdle zone: 26,300 – 26,330
  
  

• A sustained breakout above 26,330 may trigger a sharp rally up to 26,500
  
  

• Strong support: 26,090 – 26,060
  
  

Bank Nifty Prediction

Bank Nifty closed 209.25 points higher (0.35%) at 59,737.30, forming a small bullish candle with a higher high and higher low a clear sign of continued strength. The index also touched a record high of 59,866.60.

Hrishikesh Yedve from Asit C. Mehta notes:

• Minor profit-booking emerged near the trendline resistance
  
  

• Yet the bullish candle shows underlying strength
  
  

• As long as the index stays above 59,400, the rally can extend toward 59,900 – 60,000
  
  

• Traders should continue adopting a buy-on-dips approach
  
  

Bajaj Broking Research projects:

• Momentum likely to continue toward 60,400
  
  

• Above this level, Bank Nifty could march toward 61,000 in the coming weeks
  
  

• Crucial support: 58,800 – 58,600 (based on recent lows)
  
  

Conclusion

The Indian stock market is poised for a mildly positive opening on November 28, backed by steady momentum in benchmark indices and supportive technical indicators. While the long-term structure appears stable, analysts recommend cautious optimism, especially at elevated levels.

Disclaimer:
The views and predictions mentioned above are based on analyses by individual market experts and brokerage houses. Investors should consult certified financial advisors before making investment decisions.