Nifty-50
At the beginning of the week, the tested the short-term support zone of 18,100-18,200 and moved up as the week progressed. On the weekly chart, the index formed a bullish outside bar, which makes the week’s low of 18,133 a key support. On November 25, the Nifty had a brief consolidation near 18,500. The benchmark index can hover around the all-time high of 18,604 for a while. This will be the make or break level to be monitored on a closing basis, which will determine further course of action. Nifty also forms head and shoulder patterns on the daily chart. need to break the Neckline which is above lifetime high. The immediate support zone continues to be at 18,400-18,380. Check the below 1-day chart
Bank Nifty
tested the short-term support zone of 42195-42100 and moved up as the week. On the 4-hour chart Bank Nifty formed a tweezers’ top pattern, On November 25, the Banknifty had a brief consolidation near 43050 which is very risky for bullish traders. The benchmark index can hover around the all-time high of 43,335 for a while. 43000 will be the make or break level to be monitored on a closing basis, which will determine further course of action. The immediate support zone continues to be at 42850-42460 Check the below 4 Hours Chart Banknifty 4-Hour Chart.