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Published on 23-12-2025 05:59 pm

IT Sector – Major Breakout Watch

The IT sector index is currently trading near a very important resistance zone, which it has not been able to cross for almost 9–10 months (around 300 days). This long consolidation indicates that the sector has been building a strong base. Now, price action is showing signs of strength as the index is trading above key moving averages, which reflects improving trend momentum. The RSI is also around the 65 level, suggesting healthy buying interest without being in an overbought zone. If the IT index manages to sustain above this breakout level, it can mark the beginning of a new bullish phase for the sector. In that case, the IT sector could turn into a good investment opportunity in the coming days, with potential to deliver strong medium- to long-term returns, provided the breakout is supported by volumes and overall market stability.

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Published on 23-12-2025 02:52 pm

GEPL DATA POINTS: NIFTY respected its key resistance zone of 26200–26230 and touched an intraday high of 26233. As per the latest derivative data, the highest Call Open Interest is now seen at the 26200 and 26250 strikes, with around 5.73 lakh and 5.00 lakh contracts respectively, indicating strong overhead resistance. 
On the downside, support has shifted higher towards the 26180 level, as the maximum Put Open Interest has moved to the 26200 strike (around 7.08 lakh contracts). Considering the current positioning, NIFTY is likely to expire within a tight range of 26180–26230, barring any decisive breakout.

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Published on 23-12-2025 01:45 pm

GEPL DATA POINTS: NIFTY continues to respect its crucial resistance zone of 26200–26230, with the index recording an intraday high of 26198. As per the latest derivative data, the highest Open Interest remains concentrated at the 26200 Call strike (around 7.21 lakh contracts), forming a strong resistance barrier.
On the downside, significant support is visible at the 26150 Put strike with OI of around 6.23 lakh contracts. Based on the current derivative positioning, NIFTY is likely to expire within the range of 26130–26215, unless a decisive breakout occurs on either side.

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Published on 23-12-2025 10:34 am

Nifty

The week began on a strong note as the index extended its rally throughout the session, registering yet another solid close. The gap-up opening and its subsequent sustenance display classic Breakaway Gap characteristics, reinforced by strong volume participation as the index decisively crossed the 0–2 trendline hurdle. The daily RSI had already hinted at a potential reversal, with a positive crossover above the 50 mark, further validating the gradual improvement in momentum. This recent price action, coupled with key indicators approaching the upper boundary of the prevailing range, raises the probability of a long-awaited directional momentum move. That said, a sustained follow-through above 26,330 would significantly strengthen the ongoing momentum. On the downside, the 26000 zone remains a crucial support for maintaining trend strength. A convincing breakout above 26050 has opened the pathway towards 26330, while a breakdown below 25940 would weaken the setup and could expose the index to corrective pressure. Given the current technical configuration, traders may consider adding aggressive fresh positions as long as the index holds above the key support of 26050, with review and profit-booking zones placed in the 26330–26550 range for the final week of the current series

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Published on 23-12-2025 10:34 am

Government Security Market:

* The Inter-bank call money rate traded in the range of 4.50%- 5.50% on Monday ended at 4.80%.

* The 10 year benchmark (6.48% GS 2035) closed at 6.6678% on Monday 6.6017% on Friday .

Global Debt Market:

U.S. Treasury yields ticked up on Monday as investors prepared for the holidayshortened week which includes a number of major note auctions. The 10-year Treasury yield the benchmark for U.S. government borrowing was up by 1 basis point, reaching 4.1647%. Yields on the 2-year Treasury note remained largely unchanged at 3.4898%. The 30-year bond yield, meanwhile, rose almost 2 basis point to 4.8435%. The Treasury will hold a number of key debt auctions this week, which will provide a partial snapshot of investor positioning and sentiment regarding U.S. debt, inflation and interest rate trends heading into 2026. The 2-year note auction, which is sized at $69 billion, will take place later on Monday, followed by a 5-year T-Note auction for $70 billion on Tuesday, and a $44 billion 7-year auction on Wednesday. The sales come after the Bureau of Labor Statistics’ consumer price index rose at a 2.7% annualized rate last month, suggesting inflationary pressures are continuing to ease, though expectations for a January interest rate cut remain low. Federal Reserve Bank of Cleveland President Beth Hammack said Sunday that interest rates should be maintained at their current level for months, adding that she believes inflation concerns outweigh labor market weakness. Separately, the Federal Reserve Bank of Chicago is due to publish its national activity index Monday. The Chicago Fed National Activity Index, which measures U.S. economic activity and related inflationary pressure, is expected to come in at -0.4, up from its previous reading of -0.12 in August. The CFNAI is a weighted average index comprised of 85 monthly economic activity indicators.

10 Year Benchmark Technical View :

The 10 year Benchmark (6.48% GS 2035) yield likely to move in the range of 6.6525% to 6.67% level on Tuesday

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