November 20, 2025 : Global markets witnessed a strong wave of optimism on Wednesday after Nvidia released yet another blockbuster quarterly earnings report, sending global tech stocks sharply higher and building a positive backdrop for the Indian markets ahead of Thursday’s trading session. The upbeat global environment—combined with improving domestic sentiment—has shaped a favourable outlook for the Nifty 50 on 20 November 2025, with analysts suggesting a “buy-on-dips” approach and highlighting eight stocks that may offer strong trading opportunities.
Nifty 50 Technical Setup: Momentum Sustains Above 26,000
The Nifty 50 ended Wednesday’s session at 26,052.65, marking a gain of around 0.55%. The index formed a bullish candle on the daily chart, supported by lower-level buying, which indicates sustained investor confidence despite minor profit-booking phases seen earlier during the day.
Technical analysts note that the 26,000 mark continues to act as a strong psychological barrier, and the latest close reinforces the strength of the index. The immediate support levels for Thursday’s session are placed between 25,750 and 25,850, with the 20-day moving average offering additional technical backing. As long as the index sustains above these levels, the bullish trend remains intact.
Resistance on the upside is expected around 26,100–26,150. A decisive breakout above this zone could drive Nifty toward the 26,300–26,400 region, with strong chances of fresh all-time highs if global cues stay supportive.
Derivatives data also adds weight to the bullish picture: Open Interest is heaviest at the 26,000 strike for both calls and puts, signalling consolidation but with upward bias. Traders are positioning themselves for potential continuation of the rally.
Global Cue: Nvidia Earnings Trigger Tech Euphoria
The biggest trigger for the market mood has been Nvidia’s outstanding quarterly results, which far exceeded global expectations. The chipmaker reported revenue of $57 billion, representing strong year-on-year expansion driven by unprecedented demand for artificial intelligence (AI) chips used in data centers, cloud computing, and autonomous technologies.
Even more importantly, Nvidia’s optimistic guidance for the next quarter—projecting $63.7 to $66.3 billion in revenue—sent a strong signal that the AI boom remains far from over. The company’s stock surged, pulling U.S. indices higher, and Asia followed in early Thursday trade.
Indian IT stocks may not directly correlate with Nvidia’s performance, but the sentiment ripple effect is unmistakable. Higher global appetite for AI-linked investments improves risk appetite across sectors and boosts foreign inflows into emerging markets, including India.
Domestic Market Dynamics Remain Strong
On the domestic front, improving macroeconomic indicators, strong GST collections, and stability in the rupee have supported investor confidence. Banking, capital goods, consumer durables, and auto components have continued to perform well, helping Indian markets retain their resilience despite mixed global conditions.
As of Wednesday, several sectors showed renewed investor interest:
- Financials saw accumulation due to improved credit growth outlook.
- Auto and Auto Ancillaries gained traction on the back of strong festival-season demand.
- Industrial Manufacturing stocks benefited from government-led infrastructure momentum.
- Midcap IT and AI-focused companies reacted the most to the Nvidia effect.
Top 8 Stocks to Buy on Thursday (Analyst Picks)
Based on technical indicators, institutional flows, and sector movement, analysts have selected these eight stocks for potential gains on 20 November 2025:
- PB Fintech (PolicyBazaar) – Strong bullish pattern; target ~₹1,990; stop loss ₹1,785.
- Cigniti Technologies – Momentum play in midcap IT.
- Cyient Ltd – AI automation and design engineering boost.
- Bajaj Finance – Breakout continuation expected if broader markets sustain.
- Astral Ltd – Improving demand in building materials segment.
- Sona BLW Precision Forgings – EV-related auto component demand rising.
- Samvardhana Motherson International – Strong global order wins.
- Bharat Forge – Solid domestic and export outlook.
Analysts also issued selective buy calls for:
- BEL (target ₹435),
- ICICI Bank (target ₹1,410),
- Fortis Healthcare (target ₹960).
What Traders Should Watch Today
- If Nifty sustains above 26,100, a strong breakout could fuel another rally.
- A dip toward 25,800 could offer fresh entry opportunities for positional traders.
- Nvidia-driven global optimism is likely to support technology, manufacturing, and financial sectors.
- Traders should maintain strict stop-losses due to high volatility expected around expiry week.
Overall, the market setup for Thursday appears optimistic, with strong global cues, healthy domestic fundamentals, and robust sector participation likely to keep the upward trend intact.
Summary
Nifty outlook remains bullish as Nvidia’s blockbuster earnings lift global tech sentiment. With strong domestic indicators and positive derivatives data, analysts recommend eight stocks for Thursday amid a buy-on-dips strategy.