2025-11-09 04:56:49 pm | Source: LKP Securities Ltd
Quote on Nifty 07th November 2025 by Rupak De, Senior Technical Analyst at LKP Securities
Below the Quote on Nifty 07th November 2025 by Rupak De, Senior Technical Analyst at LKP Securities
"Lately, Nifty has been trading below the 50EMA, indicating near-term weakness. Looking at the broader backdrop, the index has been declining since forming a double top around 26,100 on the hourly timeframe. Recently, the index slipped below a critical moving average, setting a deeper bearish tone. The crucial resistance is placed at 25,600; as long as it remains below this level, sentiment may continue to favor a sell-on-rise strategy. On the lower end, support is placed at 25,400, and a fall below this level might further boost the bears’ morale."
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