Nifty above 14/21 MA; resist 26240-250, support 25900; stock-specific - Tradebulls Securities Pvt Ltd
_Securities_(600x400).jpg)
Nifty
Nifty has closed above its short term moving average of 14 and 21. On the last day of the calendar year 2025, the index saw strong movement on the upside possible because of lack of selling trigger from FIIs. Next resistance comes around 26240 and breach above that would see index making fresh life time high. While a decisive breakout above 26250 would reinstate the pathway toward 26330, a breakdown below immediate support of 25900 would weaken the setup and expose the index to corrective pressure till 25720. Given the prevailing technical configuration, traders may stick to stock specific approach as we might see more stock specific movement than index movement because of upcoming quarterly results which is just around the corner.
Please refer disclaimer at https://www.tradebulls.in/disclaimer
SEBI Registration number is INZ000171838
.jpg)
