Quote on Bank Nifty 02nd December 2025 from Vatsal Bhuva, Technical Analyst at LKP Securities

2025-12-02 05:18:58 pm | Source: LKP Securities Ltd

Quote on Bank Nifty 02nd December 2025 from Vatsal Bhuva, Technical Analyst at LKP Securities

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Below the Quote on Bank Nifty 02nd December 2025 from Vatsal Bhuva, Technical Analyst at LKP Securities

"Bank Nifty closed Tuesday’s session forming a bearish candlestick near its 10-day SMA, reflecting selling pressure at higher levels. A negative RSI divergence, along with RSI slipping into bearish crossover, reinforces the short-term weakness in the index. Given the current setup, the index may drift lower to test its 20-day EMA around the 58800 mark. Immediate support lies at 59000, while positional support is placed at 58800, aligning with its 20-day SMA, and on the higher end, resistance remains firm near 60000 levels."

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Quote on Bank Nifty 02nd December 2025 from Vatsal Bhuva, Technical Analyst at LKP Securities

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