Bulls Sight Nifty Trending Higher as Rate Cut Hopes Stoke Rally

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Brokerages claimed that Indian equity indices have shifted their trading rangers higher as Thanksgiving rally sweeps through global markets.

By S JHA

Mumbai, November 27, 2025 — Global equity rally amid thaw in the US-China relations and also growing hopes of a rate cut by the Federal Reserve seem gaining more strength. After fourth straight day gains in the US bourses, the Asian markets were trading higher on Thursday morning.

Brokerages in their analysis claimed that Indian equity indices have shifted their trading rangers higher after sharp gains on Wednesday. Nifty is poised for more gains in the coming session, claimed brokerages in their notes.

“Nifty has bounced precisely from the 20DEMA, forming a higher bottom, a development that reinforces bullish momentum,” said Angel One in a post-market analysis. Given the broad-based strength and strong price structure, markets seem to have entered the next leg of the bull run, added the Delhi-based brokerage firm.

“Traders are advised to maintain a buy-on-dips approach and avoid contra short trades. In this context, 26100–26000 remains the immediate support zone, while a stronger base has now shifted toward 25850, aligning with the 20DEMA and last week’s matching lows,” added Angel One.

Analysts earlier had argued that Nifty was facing resistance around 26200 levels. The 50-share index gave a close above the key level on Wednesday.

“On the upside, the all-time high around 26300 appears imminent, while a reciprocal retracement projection places 26500 as the next potential upside target,” added Angel One in its note to clients.

PSU banks and metal stocks were trending in the session yesterday. Realty sector has also been positive.

(Disclaimer: This article makes no recommendation for any kind of trades in the stock market)