Trade Setup For Nov. 17: Nifty Faces Immediate Resistance At 26,000–26,100 (Image: Freepik) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The NSE Nifty 50 found immediate resistance in the 26,000 and 26,100 range, according to Amol Athawale, vice president of technical research at Kotak Securities.

"On the higher side, 26,000 and 26,100 would be the immediate resistance zones for the bulls. A successful breakout above 26,100 could push the market up to 26,300–26,500," Athawale said.

On the weekly chart, the Nifty has formed a strong bull candle with a higher high and a higher low, signalling pullback after two weeks of corrective decline in line with expectations from the key support area of 25,400-25,300, according to Bajaj Broking Research.

"Going ahead, bias contin

See Full Page