Quote on Nifty 11th November 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities
Below the Quote on Nifty 11th November 2026 by Vatsal Bhuva, Technical Analyst at LKP Securities
"Profit booking was witnessed during Wednesday’s session following the FII-driven rally in the Nifty index, with the index forming a bearish candlestick on the daily chart. Additionally, the index is trading in the overbought zone, indicating the possibility of a mild retracement towards the 25,000–24,800 levels. On the upside, 25,500 is expected to act as an immediate resistance. However, the broader trend remains positive, and investors should continue to adopt a buy-on-dips approach. Any intermediate correction towards the mentioned support levels should be viewed as a buying opportunity rather than a trend reversal, as the Nifty is expected to resume its upward trajectory after a mild retracement."\
Above views are of the author and not of the website kindly read disclaimer
