Nifty Trade Setup for November 16, 2026

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The Nifty 50 retreated and consolidated after hitting a swing high of 25,424, declining 0.6 percent on November 13. However, the broader trend remains bullish, with all key moving averages trending upwards and momentum indicators signalling a positive outlook. The upper Bollinger Band indicates an upside target of 25,800, while the 25,900-26,000 range is expected to act as a crucial resistance zone, provided the index reclaims and sustains above 25,424 in the coming sessions. FIIs continue their heavy buying spree, while crude oil prices remain below $100 a barrel. Hence, the ongoing consolidation and profit booking may not last long. The immediate support is placed at 25,000, followed by 24,800, which is expected to act as a crucial support level, experts said.

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

1) Key Levels For The Nifty 50 (25,144)

Resistance based on pivot points: 25,222, 25,267, and 25,340

Support based on pivot points: 25,075, 25,030, and 24,956

Special Formation: The Nifty 50 formed a bearish candle with a noticeable lower shadow on the daily charts, indicating buying interest at lower levels despite profit booking. The index continued to trade above all key moving averages, which were sloping upwards. The RSI eased to 75.22 but remained firmly in the super-bullish zone. Meanwhile, the MACD continued to trend upwards and remained well above its signal line, although the green histogram bar had contracted for the fourth consecutive session. Overall, these technical indicators point to a strong underlying bullish trend, although the consecutive contraction in the MACD histogram suggests that upward momentum may be gradually losing some strength.

2) Key Levels For The Bank Nifty (61,034)

Resistance based on pivot points: 61,237, 61,360, and 61,558

Support based on pivot points: 60,840, 60,717, and 60,518

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

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

Special Formation: The Bank Nifty declined 0.79 percent after hitting a nine-month high and formed a red candle with a lower wick, indicating buying interest at lower levels despite profit booking and consolidation. The Bollinger Bands remained in expansion mode, signalling a potential resistance at 61,640. All key moving averages continued to trend upwards, with the 50-day EMA moving above the 100-day and 200-day EMAs, indicating a golden crossover. The RSI eased slightly to 75.7 but remained in the bullish zone. Meanwhile, the MACD continued to trend upwards, although the green histogram bar contracted after expanding for 10 consecutive sessions. Overall, the technical indicators point to a strong underlying bullish trend, however, the recent contraction in the MACD histogram suggests some moderation in upward momentum.

3) Nifty Call Options Data

According to the weekly options data, the 25,500 strike holds the maximum Call open interest (with 1.03 crore contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 25,400 strike (82.71 lakh contracts) and 25,200 strike (81.53 lakh contracts).

Maximum Call writing was observed at the 25,200 strike, which saw an addition of 54.58 lakh contracts, followed by the 25,100 and 25,150 strikes, which added 33.98 lakh and 27.67 lakh contracts, respectively. The maximum Call unwinding was seen at the 25,650 strike, which shed 6.35 lakh contracts, followed by the 24,750 and 24,700 strikes, which shed 55,250 and 52,845 contracts, respectively.

4) Nifty Put Options Data

On the Put side, the maximum Put open interest was seen at the 25,000 strike (with 77.03 lakh contracts), which can act as a key support level for the Nifty in the short term. It was followed by the 25,100 strike (70.08 lakh contracts) and the 24,800 strike (63.87 lakh contracts).

The maximum Put writing was placed at the 25,100 strike, which saw an addition of 35.04 lakh contracts, followed by the 25,150 and 25,050 strikes, which added 14.82 lakh and 13.76 lakh contracts, respectively. The maximum Put unwinding was seen at the 25,300 strike, which shed 21.01 lakh contracts, followed by the 25,250 and 25,350 strikes, which shed 15.2 lakh and 10.5 lakh contracts, respectively.

5) Bank Nifty Call Options Data

According to the monthly options data, the 61,000 strike holds the maximum Call open interest, with 8.67 lakh contracts. This can act as a key resistance level for the index in the short term. It was followed by the 62,000 strike (7.97 lakh contracts) and the 60,500 strike (7.78 lakh contracts).

Maximum Call writing was observed at the 61,000 strike (with the addition of 1.8 lakh contracts), followed by the 60,900 strike (70,260 contracts) and 61,100 strike (56,820 contracts). The maximum Call unwinding was seen at the 60,500 strike, which shed 2.55 lakh contracts, followed by the 61,500 and 61,400 strikes, which shed 77,940 and 63,450 contracts, respectively.

6) Bank Nifty Put Options Data

On the Put side, the maximum Put open interest was seen at the 60,500 strike (with 12.37 lakh contracts), which can act as a key support level for the index in the short term. This was followed by the 60,000 strike (8.74 lakh contracts) and the 61,000 strike (7.84 lakh contracts).

The maximum Put writing was placed at the 60,900 strike (which added 71,910 contracts), followed by the 60,500 strike (59,100 contracts) and 61,000 strike (49,860 contracts). The maximum Put unwinding was seen at the 61,500 strike, which shed 2.05 lakh contracts, followed by the 61,300 and 61,400 strikes, which shed 54,330 and 49,140 contracts, respectively.

7) Funds Flow (Rs crore)

8) Put-Call Ratio

The Nifty Put-Call ratio (PCR), which indicates the mood of the market, fell to 0.98 on November 13, compared to 1.00 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, also known as the fear gauge, declined for another consecutive session, falling 6.75 percent to 15.50 on Friday and signalling some relief for bulls. A further decline, followed by a sustained move below the 14 mark, could provide greater comfort to bullish investors.

10) Long Build-up (33 Stocks)

A long build-up was seen in 33 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.

11) Long Unwinding (55 Stocks)

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

12) Short Build-up (113 Stocks)

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

13) Short-Covering (22 Stocks)

22 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: Nil

Stocks removed from F&O ban: Kaynes Technology India

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.