Quote on Bank Nifty 16th December 2025 by Vatsal Bhuva, Technical Analyst at LKP Securities

2025-12-16 05:00:50 pm | Source: LKP Securities Ltd

Quote on Bank Nifty 16th December 2025 by Vatsal Bhuva, Technical Analyst at LKP Securities

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Below the Quote on Bank Nifty 16th December 2025 by Vatsal Bhuva, Technical Analyst at LKP Securities

"On Tuesday’s session, Bank Nifty ended on a cautious note, forming a bearish candlestick and closing below its 10-day and 20-day SMAs, reflecting short-term pressure. The RSI is making lower tops, which highlights weakening momentum and lack of buying strength. Overall, the chart structure appears slightly weak. The index has crucial support at 58,800; a decisive close below this could open downside towards its 50-day SMA placed in the 58,300–58,200 zone. On the upside, immediate resistance lies at 59,300 and 59,500 levels. A sustainable bullish view is advisable only if the index manages a closing above 59,500."

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Quote on Bank Nifty 16th December 2025 by Vatsal Bhuva, Technical Analyst at LKP Securities

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