Exclusive Technical Analysis of the Market by Nagaraj Shetti
Senior Technical Research Analyst, HDFC Securities
🕗 Last Update: 4 November 2025, 6.00 PM
🔔 Nifty Market Update – 6 November 2025
After showing minor bounce amidst range bound movement on Monday, Nifty slipped into sharp weakness on Tuesday and closed the day lower by 165 points. After opening on a weak note, the market continued to slide down for better part of the session. Intraday upside recoveries have been used as sell on rise opportunity and Nifty finally closed at the lows.
A long bear candle was formed after a small bullish candle of Monday which indicates sharp profit booking in the market. The larger degree bullish pattern like higher tops and bottoms is intact and Nifty is now sliding down to form a new higher bottom of the pattern. But the higher bottom reversal needs to be confirmed.
The underlying short-term trend of the market continues is weak but the medium term remains bullish. Nifty is expected to slide down to the crucial role reversal support of 25500-25400 levels in the near term before bouncing back from the lows. Hence, one may look for buy on dips opportunity. Immediate resistance is placed at 25800.
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