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THREETREND RESEARCH

10th Nov · SEBI-Registered Analyst

Nifty & Bank Nifty Technical Analysis - Nifty 50 support zone: 25,350–25,300, backed by 50-day EMA and Fibonacci retracement. - Resistance levels: 25,850 (immediate), 26,100 (52-week high). - Bank Nifty support: 57,500–57,550; a break below 57,500 could lead to 57,300. - Resistance zone: 58,000–58,100; upside capped unless strong breakout occurs. 🧠 Sentiment Overview - Market tone: Cautious due to global cues and institutional selling. - Advance/Decline ratio: Negative for Bank Nifty (4:8), indicating bearish undertone. - Recovery attempts: Nifty bounced from 25,318, showing resilience. 🏭 Sector Analysis - Mixed performance: Some sectors showing strength, others under pressure. - Foreign investor activity: Persistent selling weighing on broader indices.

RIIL

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