Six Days Up on Falling Volume: Momentum Exhaustion Above 26,000
Indian markets face a cautious start amid mixed global cues and after a 6-day winning streak that pushed Nifty above 26,000 for the first time in 12 sessions.
Indian markets face a cautious start amid mixed global cues and after a 6-day winning streak that pushed Nifty above 26,000 for the first time in 12 sessions.
KEY OBSERVATION: Six-session winning streak with declining volume and negative breadth suggests momentum exhaustion.
5-DAY TREND: FII turned net buyers after days of selling, but magnitude remains tepid.
Indian markets face a cautious start amid mixed global cues and after a 6-day winning streak that pushed Nifty above 26,000 for the first time in 12 sessions.
Opening: Flat at 25,948 | Intraday High: 26,024 | Intraday Low: 25,906 | Close: 26,013 (Middle of range)
This research is for information and education only and is not investment advice. Figures may be provisional. Oorjita.AI and its authors may hold positions in securities mentioned. Please consult a SEBI-registered investment adviser before making investment decisions. Published Tuesday, 18 November 2025, 8:11 AM IST.
FIIs bought ₹45,960.02 cr of Indian equities this week — 615.28% above their 4-week average of -₹8,919.37 cr. Nifty rose 8.58% and closed at its weekly high, back above both its 25-week and 200-day averages. It did this while the S&P 500 fell 2.68%, the Nikkei 9.25% and Brent 16.42%.
All four layers aligned bearish. A/D = capitulation breadth.
Morning brief not available for carry-forward today. No Morning Outlook, Support/Resistance levels, Sector Call, or Stock Watch variables were provided for this session.
Indian markets face a cautious start amid mixed global cues and after a 6-day winning streak that pushed Nifty above 26,000 for the first time in 12 sessions. While domestic fundamentals remain strong, technical exhaustion signals warrant a profit-booking bias today.
Opening: Flat at 25,948 | Intraday High: 26,024 | Intraday Low: 25,906 | Close: 26,013 (Middle of range)
Advances: 1,862 | Declines: 2,068 | Advance/Decline Ratio: 0.90 (Mixed sentiment) | 52W Highs: 108 | 52W Lows: 145
KEY OBSERVATION: Six-session winning streak with declining volume and negative breadth suggests momentum exhaustion. Nifty testing 26,000 resistance for 4th time in recent weeks.
Dow Jones: -557 pts (-1.18%) | S&P 500: -0.92% (Broke below 200-day MA) | Nasdaq: -0.84% Driver: Tech selloff ahead of Nvidia earnings; investors await delayed jobs data
ASIAN MARKETS: Cautious, tracking US weakness
PRE-MARKET: GIFT Nifty: 26,008 (-22 pts, -0.08%) as of 7:30 AM IST
COMMODITIES: Crude Oil (Brent): ~$64.20/bbl | Gold: ~$2,625/oz | USD/INR: 88.63 (Nov 17)
FII Net: +₹771.63 Cr (Buy: 12,915.76 Cr | Sell: 12,144.13 Cr) DII Net: +₹1,200.14 Cr (Buy: 12,369.58 Cr | Sell: 11,169.44 Cr) Combined Net: +₹1,971.77 Cr.
5-DAY TREND: FII turned net buyers after days of selling, but magnitude remains tepid. DII support continues robust.
Confidence Level: MEDIUM Primary Strategy: BOOK PROFITS / AVOID FRESH LONGS
6-day winning streak with declining volume indicates weakening momentum Nifty at 26,000 resistance (4th test; previous attempts rejected) Negative market breadth (more declines than advances despite index up) US markets broke below 200-day MA; tech weakness GIFT Nifty negative (-22 pts), indicating gap-down opening India VIX at 11.79 (complacency zone)
NET BIAS: -20% (Mildly Bearish)
EXPECTED OUTCOME: Opening: Gap-down 25,960-25,980 | Intraday Range: 25,850-26,020 | Closing: 25,900-25,960
TRADING STRATEGY: For Existing Longs: Book 30-50% profits if holding from 25,700-25,800 levels | Trail stop-loss to 25,880 For Fresh Positions: AVOID fresh longs in morning session | Position size: 30% of normal For Investors: Use dips below 25,850 to add quality largecaps (IT, Pharma, FMCG)
TRIGGERS: Break below 25,850 with volume | Global risk-off continues | FII selling resumes EXPECTED OUTCOME: Target: 25,700-25,650 | Hardest Hit: Realty, Metals, Mid/Small caps
TRIGGERS: Strong recovery in US futures | Breakout above 26,050 with high volume EXPECTED OUTCOME: Target: 26,150-26,200
Resistance: R1: 26,000 | R2: 26,050 | R3: 26,150 Current: 26,013 (Previous Close) Support: S1: 25,880 | S2: 25,750 | S3: 25,600
Resistance: 59,100 | 59,500 Support: 58,500 | 58,200
Nifty tested 26,000 four times; historical pattern shows 4th rejection often leads to sharper pullback (150-200 pts) Mitigation: Keep SL at 25,950; book 50% profits at 26,000
S&P broke below 200-day MA; if Nvidia earnings disappoint, global selloff likely Mitigation: Monitor US futures pre-market; hedge with index puts
VIX at 11.79 (low levels); historically precedes sharp volatility spike Mitigation: Use tight stop-losses; reduce position sizes by 30%
OVERALL RISK LEVEL: HIGH
Intraday Traders: 30-40% of normal | Swing Traders: 50% of normal | Investors: Avoid lump-sum; use SIP/staggered buying
Investing Beyond Today
www.oorjita.ai is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.oorjita.ai represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Oorjita Fin AI Services be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.oorjita.ai, or relating to the use of, or inability to use, www.oorjita.ai or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.
Website: oorjita.ai Location: Bengaluru, Karnataka, India