Sensex Expiry Today Prediction 12 November Thursday: What should be your trading strategy? Check support, resistance

Detailed summary

Sensex and Nifty extended their gains as foreign investor buying, lower crude prices and positive global cues lifted sentiment. Ahead of derivatives expiry, the Sensex faced resistance at 82,400–82,500, while 81,300–81,500 was a key support zone.

Sensex expiry today: Indian stock market benchmarks extended their winning streak on Thursday, November 12, supported by positive global cues, a revival in foreign institutional investor (FII) inflows and a decline in crude oil prices.

The Sensex rose 239 points to 82,118.45, while the Nifty 50 gained 57 points to 25,331.85.

A stronger rupee, easing crude prices and broad-based buying across sectors further lifted investor sentiment. However, with the market approaching the monthly derivatives expiry, traders will closely monitor key technical levels and positioning in the futures and options (F&O) segment to gauge whether the ongoing recovery can sustain or face another round of profit booking.

Asian equities traded higher as investors largely shrugged off a leadership crisis at Nvidia Corp., which had sent shares of the chipmaker tumbling in after-hours trading. The MSCI Asia Pacific Index gained 0.2%, with modest advances in Japan, South Korea and Taiwan offsetting losses in Hong Kong. This followed a 2.3% jump in the Nasdaq 100, putting the US technology benchmark on track for its best weekly performance since May.

Foreign institutional investors (FIIs) returned as net buyers on November 11, purchasing equities worth ₹12,563 crore. In contrast, domestic institutional investors (DIIs) extended their selling streak to nine consecutive sessions, recording net sales of ₹8,434 crore.

Meanwhile, crude oil prices declined towards a two-month low amid rising Middle Eastern production and relatively muted hostilities between Iran and the US. Brent crude traded near $92 a barrel after gaining 1.4% on Wednesday, while West Texas Intermediate (WTI) hovered around $86. Although Brent has gained more than 50% this year, prices have reversed sharply in November amid recovering supplies from the Middle East and expectations that the Democrats' victory in the US midterm elections could accelerate efforts to end the conflict with Iran, now in its ninth month.

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