S &
P-500
Open—6822.22--High—6850.86—Low—6819.75—Close—6849.09 on 28.11.2025.
Support:6829.78/6764.15/6722.62/6700.12/6698.88/6655.69/6631.44/5393.99/6569.22/6551.36/6521.92/6508.12/6478.89/6427.02/6360.58/6343.86/6302.04/6212.69/6201/6147.43/6128.04/6099.97/6059.40/6009.82/5944.85/5924.10/5835.81/5768.87.-----
Resistance:6869.91/6879.17/6920.34/6957/6965/6993/6999/7003/7031/7044/7073/7085/7099/7109/7121/7131/7167/7209/7220.
The overall technical setup is extremely good for the
continuation of up-move and if it sustains above 6840.66 on the closing basis then it is likely to
retest its all-time high of 6920.34
or may go beyond it also.
Similarly moving down its broad support points could be at 6833.26---6784.29---6428.24---6255.63—6111.15(for
in between support points please see the support table on the upside) it
can bounce back from any of these points but break and sustain close below 6833.26 will trigger correction and
thereafter break and sustain close below each point will deepen correction and
break and sustain close below 6255.63
& 6111.15 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.