Nifty Spot View for 5 November 2026: Key Levels to Watch

Nifty closed at 23,960.60 and is expected to witness a gap-up opening on 5 November 2026. The immediate resistance at 24,210 will be the most important level to monitor. The market's ability to sustain above this level could determine whether the positive momentum extends further.

A breakout above resistance may open the way towards 24,320–24,480 and subsequently 24,680. However, failure to cross 24,210 could invite profit booking towards the lower support zones.

1. Nifty Market Snapshot

Parameter	Level
Nifty CMP	23,960.60
20-Hour EMA	23,645
40-Hour EMA	23,387
20-Day EMA	23,081
40-Day EMA	23,153

2. Nifty Support and Resistance Levels

3. Nifty Trading View: Two Important Scenarios

Scenario 1: Breakout Above 24,210

If Nifty opens with a gap-up and manages to break above 24,210, the next important condition will be its ability to sustain above this resistance. A sustained breakout could lead to an upward move towards 24,320–24,480. If buying momentum continues, 24,680 may become the next level to watch.

Scenario 2: Resistance Holds at 24,210

If Nifty fails to cross 24,210 and selling pressure emerges, profit booking may pull the index towards 23,730. A decisive move below this support could bring 23,580 and 23,360 into focus.

4. What Do the EMAs Indicate?

Nifty is currently above its 20-hour EMA of 23,645 and 40-hour EMA of 23,387. The 20-hour EMA is also positioned above the 40-hour EMA, indicating a favourable short-term moving-average structure.

On the daily chart, the 20-day EMA is at 23,081, while the 40-day EMA is at 23,153. The 20-day EMA is marginally below the 40-day EMA. Traders should therefore assess the broader trend along with actual price action and the key resistance at 24,210.

5. Key Level for the Trading Session

24,210 is the decisive level to watch on 5 November. A sustained move above this level could strengthen the bullish case, while rejection may result in a corrective move towards the support levels.

Traders should avoid treating the gap-up opening itself as confirmation of a breakout. Price sustainability above resistance will be more important than the opening move.

6. Investor Takeaway

Indian-Share-Tips.com Nifty Expert Gulshan Khera, CFP®, who is also a SEBI Regd Investment Adviser, observes that Nifty is approaching an important resistance zone at 24,210. The market's reaction at this level may set the tone for the session. A sustained breakout could favour further upside, whereas a failure to cross resistance may encourage profit booking towards 23,730 and lower levels.

Maintain discipline, wait for confirmation and use appropriate risk management rather than taking positions solely on the basis of a gap-up opening.

7. Frequently Asked Questions

Q1. What is the immediate Nifty resistance for 5 November 2026?
The immediate resistance is 24,210.

Q2. What are the next upside targets to monitor?
The next resistance zone is 24,320–24,480, followed by 24,680.

Q3. What are the important Nifty support levels?
The support levels are 23,730, 23,580 and 23,360.

Q4. What if Nifty fails to sustain above 24,210?
A rejection may trigger profit booking towards 23,730, with further downside levels at 23,580 and 23,360.

Q5. What is the 20-hour EMA of Nifty?
The 20-hour EMA is 23,645.

Q6. Does a gap-up opening confirm a bullish breakout?
No. Nifty must sustain above 24,210 for the breakout to gain credibility.

Disclaimer

This article is for educational and informational purposes only and should not be considered investment advice or a recommendation to buy or sell securities. The market levels and EMA figures are based on the data provided for 5 November 2026. Actual market movements may differ. Please consult your SEBI-registered investment adviser before making investment decisions.

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