Top buy and sell ideas by Ashwani Gujral, Sudarshan Sukhani, Mitesh Thakkar for short term

Sensex and Nifty settled with mild losses on November 26, due to some profit-taking after the indices scaled their fresh record highs. Bulls were gung-ho and pushed the index to all-time highs in today's session, but indices could not close on a strong note.

BSE Sensex hit a record high of 41,120 before closing 68 points lower at 40,821 while the Nifty 50 surged to a life high of 12,132 before closing 36 points lower at 12,037.70.

According to the pivot charts, the key support level for Nifty is placed at 11,985.17, followed by 11,932.63. If the index starts moving up, key resistance levels to watch out for are 12,111.37 and 12,185.03.

Nifty Bank closed 0.51 percent up at 31,718.35. The important pivot level, which will act as crucial support for the index, is placed at 31,505.97, followed by 31,293.63. On the upside, key resistance levels are placed at 31,890.47 and 32,062.63.