The Nifty 50 extended its southward journey for the second consecutive session, falling by a third of a percent as technical and momentum indicators weakened further on November 6. Given the breakdown below short-term moving averages, experts expect the index to decline further towards 25,450. A decisive break below this level could open the door for a fall to 25,350–25,300, which converges with the 50 percent Fibonacci retracement of the recent sharp rally and the 50-day EMA. However, on the higher side, resistance is placed in the 25,700–25,800 zone.

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

1) Key Levels For The Nifty 50 (25,510)

Resistance based on pivot points: 25,632, 25,676, and 25,748

Support based on pivot points: 25,489, 25,444, and 25,37

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