Quote on Bank Nifty 19th December 2025 by Vatsal Bhuva, Technical Analyst at LKP Securities
Below the Quote on Bank Nifty 19th December 2025 by Vatsal Bhuva, Technical Analyst at LKP Securities
"On the weekly chart, the index formed a doji candlestick, highlighting indecisiveness among market participants. In Friday’s session, the index once again failed to close above its 10-day SMA, keeping short-term sentiment cautious. A few more consolidation sessions are expected, with the index likely to trade in a narrow range between 58,800 and 59,500 levels. The undertone remains bearish as the index continues to stay below its short-term moving averages. A decisive breakout above 59,500 or a breakdown below 58,800 will determine the next directional move. Immediate support is placed at 58,800, while resistance stands at 59,200 and 59,500 levels."
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