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Published on 12-12-2025 10:50 am

NIFTY respected the support level of 25,925 on its first attempt, making a low of 25,938.

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Published on 12-12-2025 10:45 am

BANKNIFTY SPOT: 59209.85 (0.42%)

TRADING ZONE:

Resistance: 59600 (Multiple Touches) / 60114 (Key Resistance)

Support: 58800 (Pivot Level) / 58500 (Key Support)

VIEW: Bullish till above 58500 (Key Support)

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Published on 12-12-2025 10:30 am

 NIFTY HAS MAJOR OI ON CALL AND PUT SIDE AT 26000 STRIKE. AND BROADBASE RANGE WOULD BE 26110 - 25925. THERE IS LONG BUILD UP IS SEEN ON CALL SIDE SO SENTMENTWISE BULLS ARE STRONG AND ALSO THERE IS SHORT BUILD UP ON PUT SIDE SO IT WILL PROVIDE STRONG SUPPORT AT 25925 LEVEL

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Published on 12-12-2025 10:19 am

Market Outlook

Nifty has shown a mild pullback after defending the support zone near 25,700, but the structure remains delicate. The index is trading below the short-term trendline breakdown area, and multiple tests of the 26,000 zone suggest strong overhead supply. RSI continues to trade in a bearish trajectory with a clear series of lower highs, indicating weakening momentum despite short-term bounces. For now, 25,700 holds as the key support, while 26,000–26,200 remains a firm resistance band. Sustained trade above 26,000 is needed to shift sentiment meaningfully.

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Published on 12-12-2025 10:18 am

Nifty Bank : 59210

Technical Outlook

Day that was:

Bank Nifty settled Thursday session on a positive note at 59210, up 0.42%. The Nifty private banks relatively outperformed the benchmark by gaining 0.7%.

Technical Outlook:

* The supportive efforts from past three session’s identical lows helped index to recover initial losses and settle on a flat to positive note. In Thursday session buying demand emerged from vicinity of 20-day EMA coinciding with Fibonacci 38.2% retracement of recent entire upmove (57157-60114). Consequently, the daily price action formed a bull candle with small upper shadows, indicating positive bias.

* 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 59423 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 two-month high. The index has been maintaining the same rhythm as after breaching two months high in October the index has been maintaining higher highlow 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 around 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 as we believe downside remains limited with support being at psychological mark of 8000

Intraday Rational:

* Trend- Buying demand around 20-day EMA highlighting strength

* Levels- Buy on declines around 50% retracement of Thursday up move(59085-59715)

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