Quote on Bank Nifty 17th November 2025 by Vatsal Bhuva, Technical Analyst at LKP Securities

2025-11-17 04:59:15 pm | Source: LKP Securities Ltd

Quote on Bank Nifty 17th November 2025 by Vatsal Bhuva, Technical Analyst at LKP Securities

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Below the Quote on Bank Nifty 17th November 2025 by Vatsal Bhuva, Technical Analyst at LKP Securities

"Bank Nifty had been consolidating at higher levels, indicating a brief pause in its ongoing rally. On Monday, a breakout from this consolidation zone was witnessed on the daily chart, confirming renewed bullish momentum. This breakout highlights the strong grip of bulls on the index. As long as the index sustains above 58,000, where its 20-day EMA is positioned, it remains a buy-on-dip candidate. Immediate support lies at 58,200, while potential resistance is expected around 59,300 and 59,500 levels."

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Quote on Bank Nifty 17th November 2025 by Vatsal Bhuva, Technical Analyst at LKP Securities

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