Quote on Bank Nifty 10th December 2025 from Vatsal Bhuva, Technical Analyst at LKP Securities
Below the Quote on Bank Nifty 10th December 2025 from Vatsal Bhuva, Technical Analyst at LKP Securities
"Bank Nifty is witnessing a sideways consolidation with a clear bearish undertone. In Wednesday’s session, the index slipped below its 20-day EMA for the first time in several sessions, while the RSI continued to form lower tops in a bearish crossover, reinforcing weak sentiment. Immediate support lies at the 58,750–58,775 zone, aligned with the hourly 200 EMA, while resistance is seen near 59,300 at the 10-day EMA. A breakdown below support may intensify selling toward the 50-day EMA around 58,100. Only a reclaim of the 10-day EMA with a bullish RSI crossover would revive optimism."
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Quote on Markets 10th December 2025 by Mr. Vikram Kasat, Head Advisory, PL Capital
