Trade Setup For Nov 18: Nifty Faces Immediate Resistance At 26,100 (Photo: Envato) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The NSE Nifty 50, which closed just above the 26,000 mark, faces immediate resistance at 26,100, followed by 26,150, according to Amruta Shinde, technical and derivative analyst at Choice Broking.

"A sustained close above 26,050 will be key to strengthening bullish momentum and paving the way for further upside," Shinde said. On the daily chart, the Nifty has formed a bullish candle and continues to create higher highs and higher lows, indicating a strong uptrend.

"Nifty is expected to continue its upward move. The index may first approach 26,100, and if momentum sustains, it could extend further towards 26,300 in the near term. On the downsi

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