Quote on Bank Nifty 05th November 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

2026-11-05 04:56:03 pm | Source: LKP Securities Ltd

Quote on Bank Nifty 05th November 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

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Below the Quote on Bank Nifty 05th November 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

"Bank Nifty has strengthened its technical outlook by reclaiming all key moving averages on both daily and weekly charts, along with a decisive breakout above its previous swing high. RSI on both timeframes is above 60 and witnessing a bullish crossover, indicating strong momentum. The index is now expected to move towards the 58,700 zone. Immediate support is placed at 57,000, while resistance is seen at 58,500–58,800. Index traders should maintain a buy-on-dips approach and utilise any meaningful retracement to enter fresh positions."

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Quote on Bank Nifty 05th November 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

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