Nifty 50, Sensex Today: What to Expect from the Indian Stock Market on November 4

Nifty 50, Sensex Today:
Indian benchmark indices, Sensex and Nifty 50, are expected to open lower on Tuesday, tracking mixed global market cues. Gift Nifty trends also point to a weak start, with the index trading near the 25,865 level — around 34 points below the previous Nifty futures close.

On Monday, domestic markets ended flat with a slightly positive bias amid volatility. The Sensex gained 39.78 points (0.05%) to close at 83,978.49, while the Nifty 50 rose 41.25 points (0.16%) to settle at 25,763.35.

Sensex Outlook

Technically, after a recent correction, the market has formed an intraday reversal pattern. On the daily chart, a small bullish candle has emerged — a positive sign.
“For day traders, 83,700 and 83,500 are key support levels. As long as the Sensex remains above these zones, a pullback could continue, potentially pushing the index towards 84,300 and even 84,700,” analysts noted.
However, a fall below 83,500 could weaken the trend, increasing the likelihood of a slide toward 83,200.

Nifty OI Data

In the derivatives market, Nifty open interest (OI) data shows the highest call writing at the 25,800 and 25,900 strike prices, while maximum put OI is concentrated at the 25,700 strike — indicating strong resistance near the 26,000 level.
“Overall sentiment remains cautiously optimistic. A decisive close above 25,800 will be key to confirming continued bullish momentum and driving the next leg of the uptrend in the near term,” experts added.