Stock Market Trade Setup for November 25 : Things to know

On November 24, BSE Sensex rose 445.87 points to 44,523.02, and the Nifty50 gained 128.70 points at 13,055.15 and formed a bullish view on daily chart. Nifty reached first time above 13,000 mark. Most action was seen in banks, realty, auto, realty, finance, and healthcare stocks while some profit-taking was seen in the telecom index. Adani Ports, Axis Bank, HDFC Bank, Eicher Motor and Hindalco were among major gainers on the Nifty, while losers included Titan, HDFC, BPCL, Nestle and GAIL.

According to pivot charts, Pivot point for market is 13,037.42. The key support levels for the Nifty is placed at 12,995.73, followed by 12,936.32. If the index moves up, the key resistance levels to watch out for are 13,096.83 and 13,138.52.

Day High - 13,079.10         Day Low - 12,978.00            Market Close - 13,055.15

Pivot Point = (13,055.15+13,079.10+12,978.00)/3 = 13,037.42

Support 1 = 2*13,037.42-13,079.10 = 12,995.73

Support 2 = 13,037.42- (13,079.10-12,978.00) = 12,936.32

Resistance 1 = 2*13,037.42-12,978.00 = 13,096.83

Resistance 2 = 13,037.42+ (13,079.10-12,978.00) = 13,138.52

Nifty Chart

Sensex Chart

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