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Below the Quote on Daily Market Commentary Technical View 06th November 2025 by Hrishikesh Yedve, Asit C. Mehta Investment Interrmediates Ltd

"The Nifty index opened on a flat note, witness some recovery but then index resumed selling pressure and eventually settled the day on a negative note at 25,510. Technically, the daily chart shows that Nifty retested the breakdown point of 25,670, where it witnessed fresh selling, forming a bearish candle that indicates continued weakness. The 34-DEMA, placed near 25,450, will act as the next major support. A decisive break below 25,450 could lead to further decline. On the upside, 25,670-25,700 will serve as the immediate hurdle for the index. Therefore, traders are advised to remain cautious in the short term.

The Bank Nifty index also opened flat, witnessed a recovery in the first half but thereafter resumed selling pressure, settling the day on a bearish note at 57,554. Technically, on the daily chart, the Bank Nifty index has broken the support of 57,630 and formed a red candle, indicating weakness. If the index sustains below 57,480, the weakness could extend towards the 57,000 level. On the higher side, 58,580 will act as a strong hurdle for the index.”

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