Nifty Outlook for 06-Nov-2026 looks Bullish

The Daily MACD Histogram is above zero and the Hourly MACD Histogram is also above zero indicating a bullish trend. The Daily RSI 14 is in the overbought territory above the 70 levels at 74.69 and the Hourly RSI 14 is also in the overbought territory above the 70 levels at 86.01 also indicates a bullish trend. But as it is in the overbought zone in both daily and hourly RSI 14. We may see a consolidation or a correction. Thus, the overall trend of Nifty looks bullish, and the buyers are in control over the markets. Buy on dips would be the best strategy to deploy for today’s market considering the overall trend of Nifty. We may expect a change in trend only if the price sustains below the support level. Can Initiate selling only if prices continue to sustain below the support level. I have provided Nifty Spot resistance and support levels which would help you learn in taking informed trading decisions using these levels and understand how support and resistance levels work in financial markets. Nifty Spot Resistance 1 - 24705 Resistance 2 - 24745 Support 1 - 24385 Support 2 - 24350 Happy Learning, Happy Trading and have a wonderful day Top Gainers : BAJFINANCE, SHRIRAMFIN, M&M. Top Losers : APOLLOHOSP, ONGC, NTPC. BAJFINANCE