Nifty Trade Setup for November 11, 2026

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The Nifty 50 rebounded after a period of consolidation and range-bound trading, rising 0.23 percent to close above the 25,000 mark on November 9. The index has rallied nearly 13 percent from its October low. Thus, despite the ongoing consolidation, which is considered healthy in a bullish trend, the broader market structure remains strong, with the index continuing to form higher highs and higher lows. Meanwhile, comments by US President Donald Trump dragged oil prices further down to around $90 a barrel. Against this backdrop, a potential upmove towards 25,200 cannot be ruled out in the upcoming session. A decisive move above this level could pave the way for 25,500, a crucial resistance level, followed by the 25,900–26,000 zone. On the downside, 24,800 is likely to act as immediate key support, according to market experts.

Here are 15 data points we have collated to help you spot profitable trades:

1) Key Levels For The Nifty 50 (25,045)

Resistance based on pivot points: 25,083, 25,141, and 25,235

Support based on pivot points: 24,895, 24,838, and 24,744

Special Formation: The Nifty 50 formed a small-bodied bearish candle with a long lower shadow on the daily charts, while firmly defending the 24,800 level on a closing basis. This signals the continuation of the healthy trend, supported by strong buying interest at lower levels. The index remained well above its 50-day and 200-day EMAs, with all key moving averages trending upward. The RSI sustained above the 70 mark at 77.88, indicating strong bullish momentum, although it also points to overbought conditions. Meanwhile, the MACD maintained a steep upward trajectory, despite the green histogram bar losing some momentum after expanding consistently over the previous eight consecutive sessions. Taken together, these technical indicators suggest that the broader bullish trend remains intact, with strong underlying momentum despite the possibility of near-term consolidation.

2) Key Levels For The Bank Nifty (59,741)

Resistance based on pivot points: 59,783, 59,987, and 60,317

Support based on pivot points: 59,124, 58,920, and 58,590

Resistance based on Fibonacci retracement: 61,765, 63,550

Support based on Fibonacci retracement: 59,080, 56,928

Special Formation: The Bank Nifty rebounded 1.51 percent, decisively surpassing the 78.6 percent Fibonacci retracement level of the correction from its record high of 61,765 to the April low of 49,955. It formed a bullish candle with a minor lower shadow on the daily timeframe, indicating a further pickup in bullish momentum. The higher-high and higher-low structure has continued for the sixth consecutive session, accompanied by above-average trading volumes. The RSI climbed to 75.41, while the MACD maintained its upward trajectory, with the green histogram bars continuing to expand for the eighth consecutive session. These technical indicators suggest that bullish momentum remains strong, although the RSI reading above 70 indicates overbought conditions and raises the possibility of near-term consolidation.

3) Nifty Call Options Data

According to the weekly options data, the maximum Call open interest was concentrated at the 25,500 strike (with 61.07 lakh contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 25,000 strike (54.81 lakh contracts) and 25,400 strike (22.14 lakh contracts).

Maximum Call writing was observed at the 25,500 strike, which saw an addition of 27.49 lakh contracts, followed by the 25,000 and 24,900 strikes, which added 24.39 lakh and 9.74 lakh contracts, respectively. There was hardly any Call unwinding seen in the 24,550-25,500 strike band.

4) Nifty Put Options Data

On the Put side, the 25,000 strike holds the maximum Put open interest (with 53.19 lakh contracts), which can act as a key support level for the Nifty in the short term. It was followed by the 24,500 strike (45.76 lakh contracts) and the 24,600 strike (25.26 lakh contracts).

The maximum Put writing was placed at the 25,000 strike, which saw an addition of 35.72 lakh contracts, followed by the 24,900 and 24,500 strikes, which added 18.7 lakh and 15.41 lakh contracts, respectively. There was hardly any Put unwinding seen in the 24,500-25,550 strike band.

5) Bank Nifty Call Options Data

According to the monthly options data, the maximum Call open interest was seen at the 60,500 strike, with 9.13 lakh contracts. This can act as a key resistance level for the index in the short term. It was followed by the 60,000 strike (8.11 lakh contracts) and the 59,000 strike (7.16 lakh contracts).

Maximum Call writing was observed at the 60,500 strike (with the addition of 7.18 lakh contracts), followed by the 60,000 strike (65,220 contracts) and 59,600 strike (53,490 contracts). The maximum Call unwinding was seen at the 58,500 strike, which shed 1.24 lakh contracts, followed by the 58,900 and 58,800 strikes, which shed 46,950 and 31,110 contracts, respectively.

6) Bank Nifty Put Options Data

On the Put side, the 59,000 strike holds the maximum Put open interest (with 7.22 lakh contracts), which can act as a key support level for the index in the short term. This was followed by the 58,500 strike (3.24 lakh contracts) and the 60,000 strike (2.61 lakh contracts).

The maximum Put writing was placed at the 59,000 strike (which added 2.75 lakh contracts), followed by the 60,500 strike (2.37 lakh contracts) and 59,500 strike (1.55 lakh contracts). There was hardly any Put unwinding seen in the 58,200-61,000 strike band.

7) Funds Flow (Rs crore)

8) Put-Call Ratio

The Nifty Put-Call ratio (PCR), which indicates the mood of the market, declined to 1.23 on November 9, compared to 1.28 in previous session.

The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in Calls is higher than selling in Puts, reflecting a bearish mood in the market.

9) India VIX

India VIX, the volatility index also known as the fear gauge, declined 5.48 percent to 17.42 but remained in the elevated zone. This signals continued volatility and warrants caution among bulls, although the broader market remains in a bullish phase.

10) Long Build-up (76 Stocks)

A long build-up was seen in 76 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.

11) Long Unwinding (19 Stocks)

19 stocks saw a decline in open interest (OI) along with a fall in price, indicating long unwinding.

12) Short Build-up (62 Stocks)

62 stocks saw an increase in OI along with a fall in price, indicating a build-up of short positions.

13) Short-Covering (65 Stocks)

65 stocks saw short-covering, meaning a decrease in OI, along with a price increase.

14) High Delivery Trades

Here are the stocks that saw a high share of delivery trades. A high share of delivery reflects investing (as opposed to trading) interest in a stock.

15) Stocks Under F&O Ban

Securities banned under the F&O segment include companies where derivative contracts cross 95 percent of the market-wide position limit.

Stocks added to F&O ban: Nil

Stocks retained in F&O ban: Kaynes Technology India

Stocks removed from F&O ban: Nil

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.