26.11.25
Yesterday, NIFTY opened on a positive note and jumped above the 26,000 mark in early trade. For most of the session, the index moved within a narrow band of 26,000–25,950. However, in the final hour, it witnessed a sharp decline, breached the 25,950 level, and eventually closed below 25,900.
As long as the index holds the crucial support zone of 25,950–25,825—where the 10DEMA and 20DEMA converge—existing long positions can be maintained with a stop-loss below 25,800.
On the upside, the 26,100–26,200 zone will act as a key resistance. Fresh long positions should be initiated only on a sustained breakout above 26,200.
| Open | 25998 |
| High | 26032 |
| Low | 25857 |
| Close | 25884 |
| S 1 | 25817 |
| S 2 | 25749 |
| R 1 | 25992 |
| R 2 | 26100 |
| Action | SL | TGT |
|---|---|---|
| Buy above 26050 | 25974 | 26200 |
| Sell below 25850 | 25926 | 25700 |