Technical View: 26,300 seen as key hurdle for Nifty to sustain record high levels, say analysts; support placed near 26,100 zone
Nifty slipped 27.20 points, or 0.10 percent to settle at 26,175.75. The index had climbed 122.85 points or 0.46 percent earlier to hit an all-time high of 26,325.80.
Chartist Talk: Bank Nifty could rally to 66,000 by March; Rahul Ghose backs HUDCO, Lupin for December
While the Nifty is yet to decisively breach its all-time high, unlike the Bank Nifty, both the price structure and candlestick formations suggest it could do so soon, said Rahul Ghose.
Trading Plan: Can Nifty 50, Bank Nifty hit fresh record highs?
In the ongoing momentum, if the Nifty 50 reclaims and sustains above 26,310 (record high), the 26,500–26,600 levels are the ones to watch, while the immediate key support is placed at the 26,100–26,000 levels.
Trade Spotlight: How should you trade Lupin, IIFL Finance, Max Financial Services, Adani Ports, SMS Pharma, and others on December 1?
The trend is expected to remain in favour of the bulls despite consolidation. Below are some short-term trading ideas to consider.
Trade setup for December 1: Top 15 things to know before the opening bells
If the Nifty 50 reclaims and sustains above last week's high of 26,310, an upward move toward 26,400–26,500 is likely in the upcoming sessions, while immediate crucial support is placed in the 26,100–26,000 zone, according to experts.
Dancing December ahead for Nifty, 27,000 emerging as the next major milestone
With strong higher-timeframe momentum, resilient support zones, easing FPI shorts, and options positioning favouring a bullish undertone, Nifty enters December on a firmly positive footing.
Chartist Talk: Sudeep Shah says Nifty IT may beat its June swing high next month; flags two stocks
The Nifty IT index is trading comfortably above its 200-day EMA, reinforcing the ongoing strength in its structure, said Sudeep Shah.
Best trending option trading strategies: Shubham Agarwal
The unique high sensitivity + low time value impact is utmost important in the last few days of expiry. So, be it Intra-Day or BTST best Options to trade in the last few days of expiry are the Lower Strike Calls for bullish view and Higher Strike Puts for bearish trades
Technical View: Market extends weekly gains; VIX-driven comfort boosts bulls. Nifty aims for 26,500 above 20 EMA support, Bank Nifty eyes 60,000
The short- and medium-term moving averages trended upward. Momentum indicators and oscillators continued to signal a buy on both daily and weekly timeframes.
Trading Plan: Can Nifty 50, Bank Nifty extend their upward journey for a third straight session?
The Nifty 50 is expected to consolidate as long as it trades below 26,300, with support at 26,100–26,000. However, a convincing move above 26,300 will open the door for the 26,500 level.
Trade Spotlight: How should you trade ICICI Bank, Cummins India, Jamna Auto, Mahindra Finance, Bajaj Finserv, and others on November 28?
The market is expected to see consolidation until it convincingly surpasses Thursday's high. Below are some short-term trading ideas to consider.
Trade setup for November 28: Top 15 things to know before the opening bells
Experts expect the Nifty 50 to march toward 26,500–26,600 in the upcoming sessions, though intermittent consolidation is likely. Support is placed at 26,000–26,100, followed by 25,900–25,850 as the crucial support zone.
Technical View | Markets hit record high: Experts see short term rally to 26,500 for Nifty with major support near 25,800
Analysts said the short-term trend remains positive, with scope for the Nifty to move towards 26,500, while major support is seen near 25,800.
Trading Plan: Will Nifty 50 hit an all-time high, Bank Nifty march toward 60,000?
Given the strong technical and momentum indicators, the Nifty 50 is likely to hit a record high and the 26,350 zone, provided it surpasses and sustains above the October high (26,247), while support is placed at 26,000.
Trade Spotlight: How should you trade Bajaj Auto, Max Financial, HDFC Life Insurance, Siemens, L&T Finance, Vedanta, and others on November 27?
Given the healthy trend, the market may attempt to touch a record high amid possible consolidation. Below are some short-term trading ideas to consider.
Trade setup for November 27: Top 15 things to know before the opening bells
As long as the 26,000 support holds on the Nifty 50, a rally toward the record high near 26,300, followed by 26,500, is possible in the upcoming sessions despite intermittent consolidation, according to experts.
Technical View: Nifty sees biggest single-day rally in 5 months, set for record high; Bank Nifty above 59,500 as VIX below 12
Weekly options data suggests that 26,000 is expected to be strong immediate support for the Nifty 50, with a target of 26,500.
Trading Plan: Can Nifty 50, Bank Nifty break a 3-day losing streak as December series begins?
According to experts, the Nifty 50 is likely to march toward 26,000–26,100 if it holds the 25,850 support, but falling below it can give strength to bears for a move toward 25,700.
Trade Spotlight: How should you trade IDFC First Bank, Shriram Finance, NBCC, Aditya Birla Capital, AU Small Finance Bank, and others on November 26?
The market is likely to see rangebound trading until it trades below last week's high. Below are some short-term trading ideas to consider.
Trade setup for November 26: Top 15 things to know before the opening bells
If the Nifty 50 decisively breaks below 25,850, a move toward 25,700 and 25,500 cannot be ruled out amid consolidation; however, sustaining above it could bring resistance at 26,000–26,100, experts said.
Technical View: Momentum indicators signal caution, Nifty falling convincingly below 20 DSMA can strengthen bears but VIX falls sharply
Weekly options data suggested that 26,000 is likely to be the crucial level for further direction in the Nifty 50, with resistance at 26,200 and support at 25,500.
Trading Plan: Will Nifty 50, Bank Nifty defend last week's lows on F&O expiry day?
The Nifty is expected to trade in the range of 25,850-26,250 (previous week’s range) in the upcoming sessions. A decisive break on either side may give a clear direction, as a move below this range could strengthen the bears.
Trade Spotlight: How should you trade Swiggy, Bajaj Auto, Tata Consumer, Hindalco, AU Small Finance Bank, Eicher Motors, and others on November 25?
Consolidation is expected to continue in the market due to a lack of triggers. Below are some short-term trading ideas to consider.
Trade setup for November 25: Top 15 things to know before the opening bells
The next support for the Nifty 50 is placed at 25,850, the lower end of the previous week's range (25,850–26,250) and the midline of the Bollinger Bands. If the index decisively breaks this level, bears may turn stronger and a fall toward 25,700 is possible. On the higher side, 26,100 and 26,250 are the hurdles to watch, experts said.
