Quote on Bank Nifty 21st November 2025 by Vatsal Bhuva, Technical Analyst at LKP Securities
Below the Quote on Bank Nifty 21st November 2025 by Vatsal Bhuva, Technical Analyst at LKP Securities
"Bank Nifty closed the week with a slightly bearish candlestick on the weekly chart. On the daily chart, after forming a spinning top on Thursday, the index posted a bearish close on Friday. On the hourly timeframe, it slipped below the 20 SMA with a bearish RSI crossover. This setup suggests a possible retracement towards the 20-day EMA near 58300, which can be considered a buying opportunity with a stop-loss at 58000. Overall outlook remains bullish above 58000, with support at 58300 and 58000, and resistance at 59200 and 59500 levels."
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