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Published on 12-12-2025 09:14 am

Summary

* Indian markets closed on a positive note where buying was mainly seen in Auto, Metal, Information Technology, Consumer Durables, Financial Services. Nifty Dec Futures closed at 26009.50 (up 145.60 points) at a premium of 110.95 pts to spot.

* FIIs were net sellers in Cash to the tune of 2020.04 Cr and were net buyers in index futures to the tune of 291.46 Cr.

* India VIX decreased by 4.69% to close at 10.40 touching an intraday high of 11.19.

* The above second chart shows previous trading day’s change in Nifty options where liquidations in OI were seen in 26000, 25900, 25800, 25700 strike Calls and additions at 25900, 25800, 25700, 25600, 25500 strike Puts indicating market is likely to remain positive in the near term.

* Highest OI build-up is seen at 26000 strike Calls and 26000 strike Puts, to the tune of 22.05mn and 15.79mn respectively

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Published on 12-12-2025 09:12 am

BANK NIFTY FUT TECHNICAL OUTLOOK

* Bank Nifty is expected to open on a gap up note and likely to witness positive move during the day.

* Bank Nifty’s next immediate resistance is around 59780 levels on the upside and on a decisive close above expect a rise to 60000-60240.

* There is an immediate support at 59150-58800 levels.

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Published on 12-12-2025 09:12 am

NIFTY FUT TECHNICAL OUTLOOK

* Nifty is expected to open on a gap up note and likely to witness positive move during the day.

* On technical grounds, Nifty has an immediate Resistance at 26180. If Nifty closes above that, further upside can be expected towards 26300-26400 mark.

* On the flip side 25860-25700 will act as strong support levels.

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Published on 12-12-2025 09:11 am

MARKET REVIEW

* Equity benchmarks logged a steady rebound yesterday, ending a three-day losing streak.

* Auto, metal and healthcare stocks saw strong buying.

* The S&P BSE Sensex surged 426.86 points or 0.51% to 84,818.13. The Nifty 50 index added 140.55 points or 0.55% to 25,898.55.

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Published on 11-12-2025 10:40 am

Technical Outlook:

* The index opened the session on a flat note. However, selling pressure at higher levels dragged index near last session’s low of 25880. Consequently, the daily price action formed a small bear candle, indicating lack of follow through strength to last sessions pullback

* In today’s session, Index is likely to witness positive opening tracking firm global cues. The index has been largely oscillating in a 60000-58600 range while sustaining around its 20-day EMA. The absence of decisive close above previous session high has resulted into prolonged consolidation. Hence, for a meaningful pullback to materialize, index need to decisively close above previous session high of 59440 which would open the door for pullback towards 60000. Failure to do so would result into extension of time wise consolidation which would make market healthy and pave the way to challenge All Time High in coming weeks.

* Historically, in the past two decades, there have been 17 instances where Bank Nifty delivered double-digit gains within four months after a decisive breakout above its previous twomonth high. The index has been maintaining the same rhythm as after breaching two months high in October the index has been maintaining higher high-low formation and clocked a fresh All Time High. Mirroring the historical evidences, we expect Bank Nifty to maintain the same rhythm in the coming months.

* After recent outperformance, the PSU Bank Index is undergoing healthy consolidation wherein it has retraced back to its 50-days EMA and retesting 16 months consolidation breakout at 8050. As per change of polarity concept earlier resistance is now acting as support. Hence, focus should be on accumulating quality PSU banking stocks that are backed by strong Q2 earnings

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