New Delhi, November 8, 2026 (Yes Punjab News)
The Nifty is likely to maintain its bullish momentum in the coming week, with immediate resistance placed in the 25,350-25,800 range, while the Bank Nifty could move towards 60,200, market experts said on Sunday. They pointed to a positive technical outlook for Indian equities, while cautioning that intermittent profit booking cannot be ruled out.
After a six-day rally through November 5, investors will turn their attention to the special Muhurat Trading session on Sunday, marking the beginning of Samvat 2083. The one-hour afternoon session, held as part of Diwali celebrations, is traditionally considered auspicious for fresh investments.
On the technical front, the Nifty has immediate support in the 24,000-24,400 zone, which analysts said would be crucial to sustaining its current breakout structure. A sustained move above the 25,350-25,800 resistance range could extend the bullish momentum towards higher levels.
Experts said corrections towards the support zone could attract buying interest if the index holds above its breakout levels. Traders have been advised to maintain a positive outlook while remaining selective and watching for possible profit booking after the recent rally.
The Bank Nifty also retains a bullish bias following its decisive breakout and strong weekly close. However, experts cautioned that some profit booking could occur after its sharp upward movement. Holding above the 57,500-58,300 support zone will be important, while the index could target the 59,700-60,200 resistance range in the coming sessions.
Market participants are expected to remain selective, prioritising fundamentally strong companies and using corrections to identify long-term investment opportunities.
Domestic corporate earnings growth, geopolitical tensions, crude oil prices, infrastructure spending, interest rate movements and currency fluctuations are expected to remain key factors influencing the market in Samvat 2083.
Despite significant buying support from foreign institutional investors during the recent rally, the sustainability of these inflows remains an important consideration.
Experts also cautioned that energy-linked inflation, supply chain disruptions and higher overall inflation could weigh on consumption demand and economic activity. However, expectations of strong corporate earnings momentum in FY27 could help offset some of these challenges.
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