November 9, 2026
Everyone Is Looking at 25,000. I’m Looking at What Happens Next.
Good morning.
Nifty is back for a regular trading session today after yesterday’s Muhurat trading, and the setup looks reasonably positive.
GIFT Nifty was trading above Friday’s closing level this morning, suggesting that we could see a decent start. Asian markets were also showing some strength, while crude oil had eased.
So far, so good.
But I don’t think the opening is the interesting part today.
Nifty is sitting just below 25,000.
And yes, everyone will probably be talking about that number.
I get it. Round numbers are important because people make them important.
But if Nifty crosses 25,000 today, I won’t automatically become more bullish because of it.
I want to see what happens after it crosses 25,000.
- Does it stay there?
- Do buyers keep coming in?
- Or does everyone who has been waiting for 25,000 decide that this is a good place to take some money off the table?
That’s the real story for me today.
We’ve Already Had a Good Run
Before yesterday’s Muhurat session, the market had put together a seven-session winning streak.
That matters because the market isn’t coming into today after a long period of fear and selling. It has already moved up quite a bit.
Yesterday’s Muhurat session was mildly negative. Nifty closed at 24,986.40, just below 25,000.
I’m not reading too much into yesterday’s small fall.
After a strong run, a little profit booking is perfectly normal.
What I’m Watching Today
1. Nifty at 25,000
Not because it’s some magical number.
It isn’t.
But it will tell us something about the mood.
If Nifty moves above 25,000 and buyers are comfortable staying there, that’s a positive sign.
If it crosses the level and immediately starts slipping, that tells us something too.
2. Bank Nifty: Is It Joining the Move?
This is the part I would watch closely.
A strong Nifty is useful. But if Bank Nifty also participates, the move has support from one of the market’s most important sectors.
If Nifty moves higher while Bank Nifty remains weak, I would pay attention to that difference.
If both are moving higher together, the market strength looks broader.
3. What Happens After the First Hour?
I don’t pay too much attention to the opening excitement.
The first few minutes can be noisy. People react to overnight news, global cues and headlines.
I’m more interested in what the market looks like after things settle down.
If the opening is strong but the market slowly gives everything back, I would take that seriously.
If it opens quietly and buyers gradually take control, that’s a different story.
4. Crude Oil and the Global Mood
Lower crude prices are generally helpful for India because we import a large amount of oil.
Asian markets were also looking better this morning, which gives Indian equities a reasonably supportive background.
But I wouldn’t overstate it.
India can have a bad day when Asia is green. And it can have a great day when the rest of the world is nervous.
Global markets set the mood. They don’t write the entire script.
My View This Morning
The market still looks healthy to me.
I don’t see a reason to suddenly turn bearish.
At the same time, we’ve already had a good move, and pretending that prices can only go in one direction is how people get careless.
So my approach today is simple.
Respect the trend. Don’t chase the excitement. Watch what the market does around 25,000.
If buyers keep showing up, the trend has more to say.
If they don’t, there is nothing wrong with the market taking a breather.
Not every pause is the beginning of a crash.
And not every new high means you should immediately buy.
Sometimes the best thing you can do is just watch.
In One Sentence
Nifty may cross 25,000 today, but I’m less interested in the number itself and more interested in whether the market finds enough buyers to stay there.
SLAMNS
Indian Markets. Without the Noise.
For information and education only. This is not investment advice.