NewsSignals AI analysis·CNBC TV18·Nov 4, 2026

Nifty Outlook for November 5: Analysts see index testing 24,300 - 24,400 levels after recent rally

Grade Bbullish AI signal$NIFTY

India's Nifty 50 extends its winning streak to five consecutive sessions, gaining 149 points to close at 23,960, its highest level in two months. Analysts see upside targets of 24,300–24,400, with immediate support around 23,700 and the 24,000 level acting as key resistance near the 200-day moving average. Sustained buying interest, easing crude prices and improving risk appetite could support another leg higher, although resistance near 24,000 may trigger volatility.

Bullish strength: 75/100

Nifty gains for a fifth consecutive session and reaches a two-month closing high.
The index recovers nearly 1,800 points from its recent swing low.
Analysts identify 24,300–24,400 as the next upside target.
Broader markets outperform, with Midcap 100 gaining 1.50% and Smallcap 100 advancing 2%.

Bearish strength: 25/100

The 24,000 level and 200-day moving average represent significant resistance.
Global geopolitical uncertainties could sustain market volatility.
A corrective move toward 23,750–23,600 remains possible.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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