Nifty outlook for December 4: Experts analyze support and resistance levels amid rupee fall and global cues

Nifty fell for the fourth day but recovered in the last hour, closing above its 20-day moving average. The Indian rupee hit a record low, and weak manufacturing PMI data added to market pressure. Private banks and IT stocks provided some support. Experts suggest the market may trade in a limited range, influenced by currency movements, RBI policies, and international trade talks. Key resistance is seen at 26,150-26,200, with support around 25,840.