A TECHNICAL UPDATE ON NASDAQ COMPOSITE –1.12.2025

 

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

suranank@gmail.com

Mobile—8240951127/9831313654.