Quote on Nifty 10th November 2025 by Rupak De, Senior Technical Analyst at LKP Securities
Below the Quote on Nifty 10th November 2025 by Rupak De, Senior Technical Analyst at LKP Securities
"The index traded within a narrow range of 25,500–25,650 during the session. On the higher side, it encountered resistance near the 50 EMA, while failing to sustain above the 21 EMA on a closing basis — a signal that a weakness may persist over the next one to two sessions.
From a broader perspective, the index has taken support along the upper band of the falling channel on the daily timeframe, suggesting that the broader structure remains intact. However, a decisive move above 25,600 will be crucial to confirm the resumption of a directional upmove. Until then, the index is likely to continue its sideways consolidation phase."
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