Nifty stays bullish for the week ended 14th November, 2025 - is a new All Time High in sight?
- vivekkhemka
- Nov 16
- 2 min read
Nifty has formed a piercing pattern and Nifty Futures a hammer on their respective daily charts after taking support at the gap up between last Tuesday and Wednesday. Bullish formations both. The weekly chart shows a bullish engulfing pattern which is also a 2nd breakout from prior pivot resistance at 25670.
The setup looks very bullish both on the daily and weekly chart with a high likelihood of testing the previous ATH. The close at 25910 is ~370 points away from the ATH @26277. See charts below.
The broader market seems to be supportive. Consider below.
👉 Banknifty has broken out of a 3 week narrow range to a new ATH and close on its weekly chart.
👉 Nifty Midcap has broken out from a massive Reverse H&S pattern to a new ATH and close on its weekly chart.
👉 Most of the other indices are still rangebound but close to the upper boundary of the range on the weekly chart.
The global markets are interestingly poised. There was a big breakdown on the US and European markets on Thursday followed by a mild recovery on Friday.
The daily chart of S&P looks bullish with a piercing pattern on Friday close to the prior pivot support, making it a double bottom. The corresponding futures chart shows a strong hammer formation at a double bottom. DJIA, on the other hand, has formed a doji on Friday, still a distance away from prior pivot support.
As such, the global picture is hazy and it would be interesting to see what happens next week. However, the Indian markets seem to be on a strong footing and look good to surge northwards.
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