News

For the past few weeks, Nifty has been behaving in a very interesting way. Despite several attempts, the index has struggled to cross one particular level — 26,100.

Market expert Anil Singhvi describes this zone as a “Mount Everest” for Nifty, a level that the market repeatedly reaches but fails to climb above.

Over the last month, Nifty has attempted to move into the 26,000–26,100 zone eight times during intraday sessions. Every time the index touched this region, selling pressure emerged, pulling it back down.

This pattern shows that market participants consider 26,100 a strong resistance, making it difficult for Nifty to sustain higher levels.

Even though Nifty has made attempts to break out, including a brief move above 26,000 in intraday trade, it has not been able to close decisively above 26,100.

Singhvi highlights that Nifty’s one-year high is also near this zone. The index touched 26,104 intraday on 23 October.

Despite multiple tests of this level—27, 28, 29, 30 October and again on 13, 17, and 18 November—Nifty has not delivered a meaningful breakout.

Nifty is currently trading in a tight range, facing strong resistance at 26,100 and finding strong support between 25,700 and 25,800. This has created a consolidation zone where the index is moving sideways.

In the last few sessions, Nifty has been closing within a narrow band of 25,875 to 26,910, showing that neither buyers nor sellers are able to take full control.

Earlier this month, the index slipped to 25,318 on 7 November but quickly recovered and touched 26,029 soon after. Despite this bounce, Nifty continues to struggle near the same resistance level, unable to move above it convincingly.

Nifty has tested the 26,100 level eight times in the past month but failed to break through. The big question now is whether the ninth attempt will finally succeed.

According to Singhvi, a decisive close above 26,100 could signal the start of a fresh breakout. If this happens, Nifty may move towards a new lifetime high in the 26,270–26,300 range.

He explains that when a market repeatedly tests a resistance level and still comes back to it, it often indicates strength. Once the resistance is crossed, the move tends to be strong because earlier selling pressure has already been absorbed.

Singhvi suggests a clear and simple strategy for traders in the current market. First, avoid fresh buying until Nifty closes firmly above 26,100. This helps prevent traders from getting trapped if the index reverses again from the same level.

Second, traders can look to buy at lower support zones, especially around 25,700–25,800, if the market weakens.

Finally, short positions can be considered near the 26,100 mark, but a strict stop-loss is important. If Nifty manages to close above this resistance, traders should exit immediately to avoid losses.

Nifty is in a clear consolidation phase, repeatedly testing but failing to cross 26,100. Data from the past month shows strong resistance at this level, making it a crucial point for traders to watch.

Singhvi believes that once Nifty closes above 26,100 convincingly, the index may quickly climb to fresh lifetime highs.

Anubhav Maurya is a Senior Sub-Editor at Zee Business, focusing on the stock market, personal finance, corporate news, and related sectors.

He has previously worked wi