The Nifty 50 started off the November series on a healthy note, rising 0.45 percent to hit a 13-month closing high on October 29, supported by favourable technical and momentum indicators ahead of the Federal Reserve meeting outcome scheduled for tonight. The index has consistently held above the 5-day EMA throughout the current month. Experts noted that holding above 26,000 can open the door for a move toward the immediate target of 26,100, followed by 26,300 (near the record high), while the 25,900–25,800 zone can act as a key support area.

Here are 15 data points we have collated to help you spot profitable trades:

1) Key Levels For The Nifty 50 (26,054)

Resistance based on pivot points: 26,090, 26,122, and 26,175

Support based on pivot points: 25,985, 25,952, and 25,900

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