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Published on 19-12-2025 03:19 pm

GEPL DATA POINTS: As highlighted earlier, NIFTY encountered selling pressure near the 26,000 mark and touched an intraday high of 25,993 before retreating. The latest derivative data shows that the 26,000 Call strike continues to command the highest Open Interest, firmly establishing it as a strong resistance level for the index in the current session.
Meanwhile, on the Put side, increased Open Interest at the 25,900 strike reflects strong buying interest and support at lower levels. Given the present derivatives positioning, resistance for NIFTY stands at 26,000, followed by 26,070, while key support is placed at 25,900, with the next support at 25,840.

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Published on 19-12-2025 12:15 pm

GEPL DATA POINTS: NIFTY held its immediate support near the 25,900 level, forming a low at 25,905 before witnessing a rebound. As per the latest derivative data, there is a sharp rise in Open Interest at the 26,000 Call strike to around 3,08,000, reinforcing 26,000 as a strong resistance zone, followed by the next hurdle at 26,070. 
On the Put side, the highest OI remains concentrated at the 25,900 strike, which continues to act as immediate support, with 25,840 emerging as the next key support level below.

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Published on 19-12-2025 10:47 am

Sectors in Focus:

IT : Nifty IT Bank up by +1.21% with TCS (+1.97%), TECHM (+1.62%), and INFY (+1.57%) Among the contributors.

Consumer Durable : Nifty Consumer Durable index up by +0.37 with CROMPTON (+2.43%),BLUESTARCO (+1.32%), and VOLTAS (+1.27%) Among the contributors.

Metal : Nifty Metal index up by +0.25% with HINDCOPPER (+4.64%), HINDZINC (+2.20%), and HINDALCO (+0.73%) Among the gainers.

Media: Nifty Media index was down by -1.27% with TIPSMUSIC (-3.12%) , ZEEL (-2.25 ) and NAZARA (-2.13%) among the top losers.

Chemical : Nifty Chemical index was down by -0.36 % with NAVINFLUOR (-1.65%), DEEPKFERT (-1.65%) and AARTIND (- 1.29)contributing negatively to the index

Oil & Gas : Nifty Oil & Gas index was down by -0.33% with BPCL (-1.32%), GUJGASLTD (-1.19%) and BPCL (-1.32) among the top losers.

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Published on 19-12-2025 10:46 am

Market Commentary

Overnight global action was Positive: On 18 th Dec, U.S. markets up with S&P 500 +53.34 pts (+0.79%), Dow Jones up by +65.88 pts (+0.14%) and Nasdaq up by +371.76 pts (+1.51%). India VIX was down by ~0.1%. GIFT Nifty is trading flat at ~25,926 (+49.00 pts, +0.2%) indicating Indian markets will open positively.

On 18 th Dec, advance decline ratio on NSE was 3206: 1261 and BSE was 1564: 2601 which showed balanced in the overall markets.

Index Options Data Analysis:

Sensex max call OI is at 84,500 max put OI is at 84,400 with PCR of 0.8

Nifty max call OI is at 26,000 and max put OI is at 25,500 with PCR of 0.7

Bank Nifty max call OI and max put both is at 59,500 with PCR of 0.7

Securities in Ban for F&O Trade for 19

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Published on 19-12-2025 10:31 am

Nifty Bank : 58913

Technical Outlook

Day that was:

Bank Nifty extended correction for third consecutive day and closed at 58913, down 0.02%. The Nifty PSU Bank Index relatively outperformed gaining 0.1% closing at 8325 levels.

Technical Outlook:

* Bank Nifty opened on negative note, and oscillated by > 1100 points range. Consequently, the daily price action formed bull candle with long upper shadow indicating profit booking at elevated levels.

* Over past 3 weeks index has retraced 50% of preceding rally (57158-60114)indicating healthy consolidation. 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, which would help index to pause current corrective phase and gradually resolve higher to challenge its all-time high 60100.

* Structurally we have seen 17 days rally (57158-60114)got retraced by 38.2% in just 14 sessions indicating slower pace of retracement.

* Momentum oscillators continue to reflect a bullish bias, while short and medium-term moving averages remain in a steady upward slope, validating the ongoing trend. Any temporary pullback should be treated as a buying opportunity in high-quality banking names, particularly those that delivered solid Q2 earnings, as immediate support is placed near 58,600, corresponding with the 50% retracement of the current advance (57,157–60,114).

* The PSU Bank Index has retraced 61.8% of previous rally( 7678- 8665) which is 7% decline from peak indicating inherent strength, The stochastic indicators is in upward trajectory indicating positive momentum. Nevertheless, pullbacks should be viewed as accumulation opportunities, with strong support around 8,100, being 50-day EMA

Intraday Rational:

* Trend- Previous 2 weeks decline index has retraced 38.2% its preceding 5 weeks 5% up move, indicating healthy consolidation.

* Levels- Buy on declines near 80% retracement of previous day upmove (58917-59370)

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