Quote on Nifty 06th November 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

2026-11-07 05:39:58 pm | Source: LKP securities Ltd

Quote on Nifty 06th 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 06th November 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

"The Nifty index has witnessed a strong bullish breakout, forming a long bullish Marubozu-like candlestick on the weekly chart, indicating significant buying interest. The index has reclaimed all its crucial short-, medium- and long-term moving averages, while the RSI has registered a bullish crossover, reinforcing the positive momentum. Further, the index has surpassed its recent swing-high resistance zone and is approaching the crucial psychological mark of 25,000. The immediate support is placed at 24,800, followed by 24,300, while resistance is expected around 25,200 and 25,500. The overall outlook remains positive."

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Quote on Nifty 06th November 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities

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