The Nifty 50 and Bank Nifty recorded healthy gains last week (ended November 14), closing above the previous week’s high with positive technical and momentum indicators. If the Nifty 50 reclaims and sustains above Friday’s high (a tad above 26,000), 26,100 is the immediate resistance to watch, followed by 26,300 as the crucial hurdle. However, the immediate support zone is 25,800–25,700, followed by 25,450 as the crucial support. Meanwhile, the Bank Nifty needs to decisively take out 58,600 (near Friday’s high) for a move toward 59,000 or uncharted territory, while 58,100–58,000 is the immediate key support area for the upcoming sessions, experts said.

On November 14, the Nifty 50 advanced 31 points to 25,910, while the Bank Nifty soared 136 points to 58,518. Market breadth continued to b

See Full Page