Quote on Bank Nifty 09th December 2025 from Vatsal Bhuva, Technical Analyst at LKP Securities

2025-12-09 05:16:16 pm | Source: LKP securities Ltd

Quote on Bank Nifty 09th December 2025 from Vatsal Bhuva, Technical Analyst at LKP Securities

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Below the Quote on Bank Nifty 09th December 2025 from Vatsal Bhuva, Technical Analyst at LKP Securities

"Bank Nifty closed above its 20-day EMA and formed support near the 38% Fibonacci retracement level taken from the 7th November low of 57,157 to the high of 60,118. However, the RSI showing a lower top below its bearish crossover suggests caution at current levels. Immediate support is at 59,000, with positional support at 58,750 near the hourly 200 EMA. One should turn bullish only if the index closes above its 10-day EMA near 59,400. Resistance levels are placed at 59,500 and 59,800, keeping the range between 58,750–59,500."

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Quote on Bank Nifty 09th December 2025 from Vatsal Bhuva, Technical Analyst at LKP Securities

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