Quote on Bank Nifty 23rd December 2025 by Vatsal Bhuva, Technical Analyst at LKP Securities
Below the Quote on Bank Nifty 23rd December 2025 by Vatsal Bhuva, Technical Analyst at LKP Securities
"Bank Nifty is currently trading in a sideways range, oscillating between 58,800 and 59,500 levels, reflecting consolidation in the index. In Tuesday’s session, the index managed to close above its 20-day EMA, indicating short-term support; however, the RSI at 56 continues to signal relatively weak momentum. At present, no clear directional conviction is visible among market participants, suggesting a wait-and-watch approach. A decisive close above 59,500 could trigger fresh upside momentum. Until then, 58,800 remains a key support, while 59,500 acts as resistance."
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