Nifty Hits a New All-Time High! What’s Next? Technical Analysis for the week ended 28th November, 2025

It’s been a strong week for the Indian markets. Nifty not only touched a new all-time high but also closed at one. Most broader indices moved up as well, except the SmallCap Index. Here’s a quick look at the weekly charts:

1️⃣ Nifty – Formed an outside candle and closed at a fresh all-time high.

2️⃣ BankNifty – Continued its steady uptrend to a new ATH.

3️⃣ CNX IT – Broke out of a double-bottom pattern.

4️⃣ CNX MidCap – Formed a bullish engulfing candle after breaking out two weeks ago.

5️⃣ CNX SmallCap – Still stuck in a range with a doji this week.

Globally, the sentiment has also been positive:

👉 DJIA and Nasdaq both formed strong bullish engulfing candles on the weekly charts. See below:

👉 Major European indices—FTSE, DAX, CAC, and Stoxx—also showed bullish engulfing patterns.

👉 Asian markets were mixed: Nikkei, Hang Seng, and ASX looked strong, while others appeared weak or indecisive.

Overall, the technical setup for Indian markets looks bullish and suggests more upside ahead, supported by global strength. Stay long!

Scroll below to subscribe for regular updates on the financial and commodity markets around the world.