Stock Market Outlook: Sensex, Nifty Today Likely To Trade Cautious; Buying Interest Seen Near Support Levels

Indian equity markets are set for a cautious start on Monday, November 10, 2025, amid mixed global cues, lingering concerns over a potential U.S. government shutdown, and ongoing trade negotiations between the U.S., India and China. After ending largely flat in the previous session, investors are expected to keep a close watch on global developments, domestic inflation data, and corporate earnings announcements this week.

Stock Market Outlook Today For 10 November 2025

On Friday, November 7, Indian markets witnessed a volatile trading session that ultimately ended on a muted note. As per Bajaj Broking Research, "Indian markets ended mostly flat on November 7th, as a volatile session saw buyers and profit-takers offset each other. The index opened weak with a gap-down start but took support near its 50-day EMA. It quickly bounced back from intraday lows and filled the opening gap, yet struggled to hold gains at higher levels, eventually closing around the 25,500 zone."

By the close, the Sensex dipped 94.73 points (0.11%) to 83,216.28, while the Nifty slipped 17.40 points (0.07%) to 25,492.30. Sectorally, metal stocks led gains with a 1.4% rise, while IT, consumer durables, FMCG, and telecom declined around 0.5% each. In the broader markets, the Nifty Midcap index gained 0.63%, whereas the Small-cap index slipped 0.16%.

Bajaj Broking Research added, "Investors will now focus on developments around the potential U.S. government shutdown, tariff-related news, and updates on U.S.-India and U.S.-China trade talks to gauge how long the current market momentum can hold."

Nifty Prediction Today: Buying Demand Emerging Near Support Levels

According to Bajaj Broking Research, the Nifty chart pattern indicates that buyers are showing renewed interest at lower levels. "Nifty on the daily chart has formed a small bull with a sizable lower shadow signaling buying demand at lower levels around the 50 days EMA. Over the past 11 trading sessions, the Nifty has undergone a corrective retracement of approximately 800 points, which has led to daily stochastic oscillators approaching oversold territory."

The brokerage further highlighted that buying demand was seen emerging from the 25,200-25,400 range, which coincides with the 50-day EMA and key retracement zones. "Going ahead, we expect the index to hold above the support area of 25,200-25,400 and gradually head towards the immediate resistance of 25,850 and then towards the recent 52-week high of 26,100 in the coming weeks," Bajaj Broking noted.

Bank Nifty Outlook for 10 November: Bullish Bias with Key Support Around 57,300

On the banking front, the sentiment appears constructive. Bajaj Broking Research stated, "The index on the daily chart has formed a bullish engulfing candle signaling strong buying demand at the lower band of the last three weeks' trading range. Going ahead, the index is expected to extend consolidation of the last two weeks in the range of 57,300-58,500, thus forming a base for the next leg of an up move."

The research report added that key resistance lies near the all-time high of 58,577, and a breakout above this level could push the index towards 59,000, which represents the 138.2% Fibonacci projection of the recent correction (57,628-53,561).

"While a close below 57,300 will open downside towards the key support area of 56,800-56,500. Overall, the outlook remains positive, and current consolidation should be viewed as buying opportunities within these support areas. PSU Banking stocks are likely to extend their recent outperformance," Bajaj Broking Research added.

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