The Nifty 50 index closed higher on November 27, maintaining a consistent range for the third consecutive session.

Analysts believe that if the index continues to move above a certain level, it could lead to further increases. On the other hand, there is a critical level that needs to be watched, as it could act as a support zone.

In the Bank Nifty, the index rose and was supported by positive market breadth. Analysts suggest that as long as the Bank Nifty holds above a specific level, there is a strong possibility for it to climb higher, with another level serving as immediate support.