Stock Market This Week (Nov 17–21): Sensex, Nifty Set for Positive Trend Amid Fed Minutes, India-US Trade Deal

Indian equity markets are expected to maintain a positive to moderately bullish tone in the week of 17-21 November 2025, supported by improving technical indicators and a sharp recovery during the final hours of the previous trading session. According to Bajaj Broking, while volatility may continue, benchmark indices Sensex and Nifty are likely to retain an upward bias unless they breach key support levels.

Stock Market Weekly Forecast From 17 to 21 November 2025

On 14 November, domestic indices spent most of the session under pressure, swinging between losses and brief recoveries. Weak global cues, particularly from Wall Street-which saw significant declines led by tech heavyweights such as Nvidia amid fading hopes of early rate cuts-kept sentiment muted.

Market volatility spiked as investors closely tracked the Bihar election outcome, a major domestic trigger for the day. However, a strong late-afternoon rebound helped Indian markets close in positive territory.

• Sensex rose 84 points to close at 84,563
• Nifty added 31 points to finish at 25,910

Sectoral performance was mixed. PSU banks led the rally with a 1.17% gain, followed by pharma and FMCG. IT stocks fell 1.03%, while auto, metal, and realty sectors also ended lower. In the broader market, Nifty Smallcap 100 rose 0.38%, and Midcap 100 inched up 0.08%.

Nifty Weekly Prediction for 17-21 November 2025

Bajaj Broking remains optimistic about Nifty's trajectory. On the weekly chart, the index has formed a strong bullish candle featuring a higher high and higher low, indicating a pullback after two weeks of decline.

Key expectations:

• Sustained strength above 26,100 could push Nifty toward its previous all-time high of 26,277.
• Failure to cross 26,100 may trigger consolidation within the 26,100-25,700 zone, especially after the recent 700-point rally over 5-6 sessions.

The crucial support levels for Nifty lie between 25,500 and 25,300, a zone that aligns with the 50-day EMA, the previous breakout area, and a key retracement region, making it an important band for traders to monitor in the coming week.

Bank Nifty Prediction This Week: Bullish Tone Intact

Bank Nifty also signals ongoing strength. The index has formed a strong bull candle on the weekly chart, reinforcing its positive bias. After touching a fresh all-time high of 58,615, the index has been consolidating between 57,200-58,600 for nearly a month.

According to Bajaj Broking, a breakout above 58,600 could propel Bank Nifty toward 59,200, while strong support remains at 57,300-57,100, a zone that aligns with the recent breakout area and the 20-day EMA. Further boosting the bullish outlook, the daily 14-period RSI has also generated a buy signal.

Top Five Market Triggers for the Week
1. FOMC Meeting Minutes

Investors will closely track the Federal Reserve's stance as revealed in the upcoming minutes, particularly in light of persistent inflation concerns.

2. US Jobs Data

The US September jobs report is scheduled for 20 November. Uncertainty remains around the release of October data due to disruptions from the government shutdown.

3. India-US Trade Deal Progress

According to ANI, another round of negotiations may not be necessary as both nations continue ironing out sensitive trade issues. Commerce Minister Piyush Goyal recently acknowledged "new proposals," including potential corn purchases for ethanol production-supporting India's shift toward ethanol-compatible vehicles.

4. Bihar Election Outcome

With the state choosing the NDA, political developments will be critical for investors gauging policy continuity and market stability.

5. High-Frequency Data, IPOs, Fed Signals

A busy week lies ahead with multiple data releases, new IPO activity, and the Federal Reserve's insights-all of which may influence short-term market direction.

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