Trade Setup For Nov. 24: Nifty Finds Support At 26,000-25,850 Zone (Source: Freepik) Show Quick Read Summary is AI Generated. Newsroom Reviewed
The NSE Nifty 50 has found key support at 26,000 and 25,850 or the 20-day simple-moving average, according to Amol Athawale, vice president of technical research.
As long as the market is trading above these levels, the bullish sentiment is likely to continue, according to the analyst.
The Nifty has formed a bear candle, which mostly remained contained inside previous session range, signalling consolidation amid weak global cues near the previous all-time high of 26,277.
"Going ahead, a follow-through strength above all-time high will open further upside towards the 26,500 levels in the coming weeks," Bajaj Broking Research said.
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