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Technical View: Bulls remain in control, but Nifty 50 faces consolidation and profit-booking risks below...
Moneycontrol.com 6 hrs ago·11 Nov 2026, 11:07 am
The Nifty 50 index is currently under the control of bullish traders, but the market is showing signs of a pause. After a strong rally, the index is facing resistance levels that could trigger profit-booking. This means investors may start selling their holdings to lock in gains, which could slow down the upward momentum.
This consolidation phase is a normal part of market cycles. While the uptrend remains intact, a sharp pullback below key support levels could signal a temporary slowdown. Investors should be cautious and avoid making impulsive decisions during this period of uncertainty.
Moving forward, the focus will be on whether the index can break through the current resistance. Traders will also watch for any negative news that could trigger a deeper correction. Patience and a long-term perspective are key during this volatile phase.
Excerpt from Moneycontrol.com
25,400–25,500 expected to act as a crucial resistance zone for Nifty 50 Decisive move above this hurdle could open door for a rally towards 25,900–26,000 Failure to sustain above this zone could trigger consolidation and minor profit-booking in your portfolio by Vishal Malkan The Nifty 50 staged an outstanding…Read the original at Moneycontrol.com
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