The Nifty 50 staged a sharp recovery after a weak opening on November 6, gaining momentum as the session progressed to end 2 percent higher. The index has now risen more than 10 percent over the past seven consecutive sessions. Momentum remains robust, with the index surpassing its August high in a relatively short span and sustaining well above key moving averages. Against this backdrop, the market is expected to maintain its positive bias during the Muhurat trading session, with the index likely to attempt a move towards the 25,100–25,200 hurdle zone, followed by 25,500 as a crucial resistance level. On the downside, support has shifted higher to 24,800, followed by the 24,600–24,400 zone, which is expected to act as a crucial support area, according to market experts.
Here are 15 data points we have collated to help you spot profitable trades:
Resistance based on pivot points: 25,062, 25,213, and 25,458
Support based on pivot points: 24,571, 24,419, and 24,174
Resistance based on pivot points: 59,172, 59,588, and 60,263