Nifty Outlook for November 12: Index, Nifty Bank see first signs of exhaustion at higher levels; what happens next?

After a couple of sessions of consolidation, the Nifty staged a spectacular comeback on Wednesday, climbing to an intraday high of 25,424. However, heightened volatility and late-session profit booking prevented the index from sustaining its gains near the day's highs.The rally, driven largely by r…