Trade Setup For Nov 19: Nifty's Key Support Shifts To 25,700 As Six

Key support is now expected in the 25,800 to 25,750 zone, which is anticipated to provide a robust safety net (Image Source: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The NSE Nifty 50 ended its six-day winning streak on Nov. 18, closing lower amid profit booking but managed to hold slightly above the 25,900 level.

Key support is now expected in the 25,800 to 25,750 zone, which is anticipated to provide a robust safety net, according to Osho Krishan, Chief Manager, Technical and Derivative research at Angel One. Shrikant Chouhan views the 20-day Simple Moving Average at around 25,800 as a key support zone. Below this, the market could slip to 25,650.

Bajaj Broking Research places key support slightly lower at the 25,700 to 25,600 zone, citing the confluenc