NASDAQ
COMPOSITE
Open—23291.59--High—23365.79—Low—23250.51—Close—23365.69 on 28.11.2025.
Support:23147.33/23119.91/22514.08/22396.65/22186.02/22062.82/21898.29/21803.75/21303.96/21033.05/20905.99/20560.17/20204.58/20110.11.
Resistance:23569.62/23976.84/24019.99/24044/24208/24262/24557/24603/24614/24795/24823/24831/25082/.
The overall technical setup is good for the continuation of
up-move, but it is still into correction mode and if it moves above 23590 and sustain on the closing basis
then it will get out of corrective mode and may continue the up-move, else it
may start to drift down. Please note
that moving up its critical resistance points could be at 23520---23596, it may correct at these points and then may resume
the up move again or halt the up-move for a while, but if it moves above 23596and sustain on the closing basis
then it is likely to retest its all-time high of 24019.99 or may go beyond it also.
Similarly moving down its broad support points could be at 23209.50---22959.14---22708.78---22399.01—23285(for
in between support points please see the support table on the upside) it
can bounce back from any of these points and may resume the up-move again but
if it moves below 22399.01 & 23285 and
sustain on the closing basis then it may trigger fresh fall and then it come
down to the range of 21898.29---21842.76---21529,
which is a strong bounce back range but break and sustained close below the
range may witness an accelerated fall.
The few important technical indicators are giving mixed
signals therefore it can swings both ways at time with a strong tilt towards
upside as of now but can switch side fast because volatility is a concern. So
be alert and watchful.
NOTE: - It is a technical assessment
of the indices as of now, the technical interpretation changes with the price
movement and time; therefore it needs periodic review, which may please be noted.
This is for educational purpose.
Disclaimer:-The view expressed here is solely of the author and for
educational purpose and he is not at all responsible in any way for the outcome
of the trade you enter based on the above view.
Kindly
note that make your cost your stop loss in favorable trade
and then trail it as the price move up/down to gain maximum profit and avoid
losses. Use support and resistance levels as entry, exit, target and trailing
stop loss points. DO NOT TRADE WITHOUT STOP LOSS.
Note: Price stated here are of spot
market.
Contact me for strategic guidance
to enter and exit trade.
Thanks
Narendra
Kumar Surana
Mobile—8240951127/9831313654.
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Thank you for sharing your views.