NIFTY UPDATE as of NOVEMBER 12th

The NIFTY’s action has perfectly confirmed the view of a market ideally positioned for a record high, with the bounce from the November 7th intraday low strongly suggesting that the 25300-spot level did indeed mark the intended low of the pullback. This swift reversal immediately put the focus back on the upside trajectory toward 26277+. The crucial confirmation step—regaining lost momentum by closing above 25800 on the spot—appears to be accomplishing today, which is a significant technical achievement. If today’s gap higher holds firm, the market’s path becomes simplified, suggesting a virtually straight-away move toward the 26277+ record high is the immediate next objective. This entire move validates the underlying premise: the medium-term trend is exceptionally strong, and the recent weakness was merely a necessary pause, not a reversal. The market is now back in its high-conviction zone, and the anticipation is fully focused on breaching that final high.