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Bear Tuesday ahead of the budget | 9555 9592 resistance | 9505 9468 support

Technical analysis for 25th November 2025

Overall Market Tone: Cautious–Bearish Early, Watching for Intraday Stabilisation

Across all three indices, short-term momentum remains muted with price sitting near or below daily pivots, EMAs flattening or rolling over, and intraday charts showing compression. Bias remains slightly bearish unless key upside reclaim levels break.

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