Quote on Nifty 02nd December 2025 from Vatsal Bhuva, Technical Analyst at LKP Securities
Below the Quote on Nifty 02nd December 2025 from Vatsal Bhuva, Technical Analyst at LKP Securities
"Nifty witnessed another day of lackluster trading with a predominantly negative bias. On the hourly chart, the index continued to trade below the 21EMA. A mild negative divergence on the daily chart has contributed to the recent weakness in momentum. On the hourly chart, a rising trendline offers immediate support; however, if Nifty slips below this trendline, a slide towards 25,900 may follow. On the other hand, resistance is placed at 26,150, and a move above this level could improve sentiment. Overall, a bearish to sideways sentiment may persist over the next few days."
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