Quote on Bank Nifty 11th November 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

2026-11-11 04:59:14 pm | Source: LKP Securities Ltd

Quote on Bank Nifty 11th November 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

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Below the Quote on Bank Nifty 11th November 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

"Bank Nifty closed forming a bearish candlestick on the daily chart and is currently trading in the overbought zone on both daily and hourly timeframes, indicating the possibility of an intermediate retracement from current levels. Following the strong run-up rally, the index may witness mild profit booking towards the 60,000–59,800 levels. Key support for the index is placed at 60,000 and 58,800, while 61,000 remains an immediate resistance. However, the broader trend remains positive; hence, investors should maintain a buy-on-dips strategy in Bank Nifty.

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Quote on Bank Nifty 11th November 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

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