Quote on Bank Nifty 10th October 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

2026-10-10 05:11:07 pm | Source: LKP Securities Ltd

Quote on Bank Nifty 10th October 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

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Below the Quote on Bank Nifty 10th October 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

"Bank Nifty reclaimed its 61.8% Fibonacci retracement level on the daily chart and closed above the crucial resistance of 55,200, indicating improving short-term momentum. The index may extend its recovery towards 55,800 and 56,000, suggesting the possibility of a relief rally. However, this rebound should not be considered a trend reversal, as the broader trend remains under pressure. Immediate support is placed at 55,000, followed by positional support at 54,800, while resistance is seen at 55,500 and 55,800."

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Quote on Bank Nifty 10th October 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

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