Quote on Nifty 07th November 2025 by Rupak De, Senior Technical Analyst at LKP Securities

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

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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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Quote on Nifty 07th November 2025 by Rupak De, Senior Technical Analyst at LKP Securities

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