Quote on Market Morning Inputs 10th November 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Below the Quote on Market Morning Inputs 10th November 2025 by Shrikant Chouhan, Head Equity Research, Kotak Securities
Technically, on weekly charts, it has formed a bearish candle and is currently trading comfortably below the 20-day SMA (Simple Moving Average) support zone, which is largely negative. We believe that the short-term market outlook remains weak, but due to temporary oversold conditions, we could see range-bound activity in the near future.
For traders, the support zone of 25,300-25,250/82600-82400 would be promising, while 25,625 and 25,700/83600-83900 could act as key resistance levels for the bulls. A successful breakout above 25,700/83900 could push the market to 25,800-25,900/84200-84500. On the other hand, if the market slips below 25,250/82400, it could retest the levels of 25,000-24,950/81700-81500.
For Bank Nifty, immediate support zones are at 57,500-57,200. As long as it is trading above these levels, the positive sentiment is likely to continue. On the higher side, it could move up to 58,500-58,800. However, below 57,200, the sentiment could turn negative, increasing the chances of hitting 57,000-56500.
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