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Trade Setup for December 5: Nifty Faces Key Levels; Bank Nifty Shows Indecision
Nifty 50 shows signs of consolidation with a positive bias, while Bank Nifty forms a Doji, signaling indecision amidst a broader bullish trend.
The Nifty 50 has managed to break its four-day losing streak, closing higher on December 4 with gains of 0.2%. Experts believe that as long as Nifty holds above 25,900 as support, an upward movement toward 26,100-26,300 is possible. However, if it falls decisively below this level, support at 25,840 could be tested.