Quote on Daily Market Commentary Technical View 10th November 2025 by Hrishikesh Yedve, Asit C. Mehta Investment Interrmediates Ltd
Below the Quote on Daily Market Commentary Technical View 10th November 2025 by Hrishikesh Yedve, Asit C. Mehta Investment Interrmediates Ltd
The Nifty index opened on a flat note, witnessed buying interest and eventually settled the day on a positive note at 25,574. Technically, on the daily chart, Nifty formed a green candle with upper shadow, indicating profit booking at higher levels. Immediate support for the index is placed near 25,450, where 34-DEMA is placed, followed by 25,320. On the upside, 25,700 will serve as the immediate hurdle for the index. Therefore, traders are advised to adopt a "buy near support and sell near resistance" strategy.
The Bank Nifty index opened on a flat to positive note, witnessed a narrow band consolidation, and settled the day on a positive note at 57,938. Technically, on the daily chart, the Bank Nifty index has formed a small green candle after forming bullish engulfing, indicating continued strength. As long as the Bank Nifty index holds above 57,150 levels, traders are advised to adopt a buy-on-dips strategy. On the upside, 58,300 and 58,580 will act as resistance points for the index. Therefore, traders are advised to adopt a buy near support and sell near resistance strategy as per the levels mentioned above.”
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