Stock Market: Nifty Above 26k with Rising RSI Whets Risk-on

Spread love

Brokerages pick bullish signs of Nifty reclaiming the 26,000 level after 12 sessions with broader participation.

By S JHA

Mumbai, November 17, 2025 — Brokerages noted that the rising RSI of Nifty signals bullish trends for the 50-share index in the coming days. They also spotlighted that the markets saw broader participation on Monday.

Angel One in a note to clients said that “index reclaimed the 26,000 mark after 12 sessions, closing strongly above its 11-day high—signalling a clear bullish turnaround.”

It also noted that “RSI has moved above 60 on both daily and weekly charts, indicating strengthening momentum. Nearly 75% of Nifty stocks are trading above their 5-EMA, showing broad market participation.”

The Delhi-based brokerage firm stressed that “32 of 50 Nifty stocks closed in the green, with all sectors positive and PSUs leading the gains.” “The market outlook is anticipated to remain robust, as evidenced by the recent establishment of new highs in the BankNifty, PSU Banks, and the Midcap index,” added the brokerage.

The StockEdge in a separate post-market commentary stated that “the Indian markets closed firmly in the green today. Nifty 50 ended around 26,012 with gains of roughly +0.4%, while the Sensex closed near 84,950, up about +0.45%.”

It underlined that the broader markets outperformed. “Nifty Midcap 100 was up by 0.75%, while Nifty Smallcap 100 gained 0.57%,” added the Kolkata-based firm in a note share on its Telegram channel.

Banks and Financials were the biggest drivers of today’s rally, it added. “Support also came from Auto, Consumer, and Media sectors. Metals and select IT stocks remained weak and dragged slightly,” added StockEdge.

The stock market analyst also stated that “market sentiment stayed positive with improving earnings expectations.” “The move above the 26,000 mark on Nifty keeps the technical outlook constructive,” stated StockEdge, adding that “broader participation (mid & small caps outperforming) signals healthy market breadth.”

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