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

2026-11-05 05:36:19 pm | Source: LKP Securities Ltd

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

News By Tags | #Sensex #ExpertViews #MarketOutlook #Nifty #BankNifty #LKPSecuritiesLtd #VatsalBhuva

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

"Nifty has strengthened its technical outlook by reclaiming all key moving averages on the daily chart, indicating a bullish trend reversal. RSI has entered the overbought zone near 75, signalling the possibility of near-term profit booking or consolidation. However, the broader momentum remains positive. Any dip towards 24,200 could act as immediate support, while 24,000 remains crucial positional support. On the upside, resistance is placed at 24,800 and 25,000. A buy-on-dips strategy remains advisable."

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

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