The Indian stock market is poised for a positive opening on November 15, influenced by robust global market performance. Nifty futures signal a gap-up start.
Despite Monday's half-percent decline in benchmark indices, technical analysis suggests a positive trend for Nifty 50. The resistance is noted around 19,550-19,600 levels, with a likelihood of short-term consolidation before a decisive upside breakout.
Open Interest data hints at potential sideways movement. Bank Nifty, despite closing below 44,000, shows signs of a bullish crossover, projecting short-term sideways movement with support at 43,500 and resistance at 44,200.