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    Trade Setup for Tuesday: Top 15 things to know before Opening Bell - Moneycontrol.com thumbnail

    Bulls regained control of the Indian market after two consecutive days of defeat as the market barometer scaled a fresh high on November 25.Positive global cues, MSCI rejig, consistent buying by foreign investors, as well as some bit of short coverings ahead of F&O expiry, are the factors, experts said, that kept the market in the higher territory.After the consolidation phase of the last three weeks, Nifty managed to close above its immediate hurdle of 12,035. It is now eyeing to touch a new record high.”We observe a formation of a long bull candle at the new swing high of 12,083 levels. Technically, this pattern indicates an upside breakout attempt of the sideways range of the last eight to 10 sessions. Nifty is currently placed at the key resistance point of 12,050-12,100 and a sustainable move above this area could pull Nifty towards the new all-time high of 12,300 levels in the next one week,” said Nagaraj Shetti, Technical Research Analyst at HDFC securities.Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in, told Moneycontrol that it is critical for Nifty to sustain above 11,919 levels to retain bullish bias as the current positive momentum shall fade away below this.We have collated 15 data points to help you spot profitable trades:Key support and resistance level for NiftyAccording to the pivot charts, the key support level for Nifty is placed at 11,967.57, followed by 11,861.33. If the index continues moving up, key resistance levels to watch out f
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