Quote on Bank Nifty 20th November 2025 by Vatsal Bhuva, Technical Analyst at LKP Securities
Below the Quote on Bank Nifty 20th November 2025 by Vatsal Bhuva, Technical Analyst at LKP Securities
"Bank Nifty formed a small candlestick on Thursday’s session, with RSI rising to 74 on the daily chart, indicating the need for a short-term cautious stance. Fresh long positions should be considered only above 59,500 or on dips toward 58,800 for a favourable risk-reward setup, though the short-term and broader outlook remains bullish. In derivatives, massive put writing was observed, strengthening support at 59,000 on an immediate basis and 58,800 on a positional basis, while resistance levels are placed at 59,500 and 60,000."
Above views are of the author and not of the website kindly read disclaimer
More News
Quote on Pre-market comment 02nd Sept 2025 by Mandar Bhojane, Senior Technical & Derivative ...
