Trade Setup For Nov 4: Nifty May Retest Recent Swing High Of 26,100, Say Analysts

The Indian equity markets ended Monday's session with modest gains, as the Nifty 50 closed up 0.16% at 25,763, while the BSE Sensex settled 0.047% higher at 83,978.49. (Image source: Freepik) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The NSE Nifty 50, which closed with modest gains on Monday, may retest the recent high of 26,100 again in the near future, analysts said, while describing the pullbacks as buying opportunities.

According to Shrikant Chouhan, head of equity research at Kotak Securities, the key Nifty support zones for day traders stand at 25,700 and 25,650.

As long as the market trades above these levels, a pullback formation is likely to continue, potentially pushing the index toward 25,875. Further upside could even lift the index toward the 25,875 ma