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Published on 04-12-2025 10:09 am

Market Outlook

Nifty continues to trade in a consolidation phase after failing to sustain above the recent highs near 26,250. The index is currently hovering around the 20-day moving average, indicating a wait-andwatch phase for fresh direction. RSI remains near the neutral zone, suggesting muted momentum in the near term. A sustained move above 26,250 can revive bullish momentum towards 26,500– 26,700. On the downside, 25,750–25,700 is a crucial support zone to watch for trend stability.

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Published on 04-12-2025 10:07 am

Bank Nifty

* The banking index regained traction after two sessions of decline, sustaining a broadly constructive market outlook.

* Although it opened with a downside gap, the index recovered sharply in the latter half amid robust participation, ultimately closing positive.

* Sector momentum was uneven, with ICICI Bank and HDFC Bank showing relative strength, while PNB and Canara Bank lagged.

* Technically, the index encounters immediate resistance near 60,000, with major support established around 58,900.

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Published on 04-12-2025 10:07 am

Nifty

* Nifty witnessed a volatile session and ended marginally lower, extending the ongoing consolidation phase.

* After a flat start, the Nifty drifted gradually lower in early trade and then remained range-bound for most of the session.

* Although the Nifty slipped below the crucial short-term support of the 20-DEMA around 25950 level during the session, the closing-hour recovery helped it reclaim this level.

* Meanwhile, participants should manage position sizes prudently and maintain a selective approach—favoring IT and pharma for long trades while considering opportunities in rate-sensitive pockets on dips.

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Published on 04-12-2025 10:06 am

Nifty

Nifty continued to drift lower throughout yesterday’s session, marking the fourth consecutive day of profit-booking pressure. However, in the final hour of expiry, the index recovered from its intraday losses and reclaimed the crucial 25940 zone, eventually closing above it. Notably, it also managed to hold above its 20-DEMA support, which now stands as the immediate demand zone for the week. A close below this level would weaken the short-term bullish bias and expose the index to further downside toward the 50-DEMA support at 25680 or even lower. The appearance of a Spike candlestick formation offers a ray of hope for the bulls, hinting at the possibility of a rebound toward the 26330 zone. With the index now hovering near the lower end of its broader oscillation range of 26330–25940, traders are advised to remain cautious and consider adding long positions only once the 26110 level is decisively breached. The 26100 zone is expected to provide favourable opportunities to accumulate fresh longs. On the upside, a sustained move above 26330 would likely trigger a strong bullish thrust, enabling the index to maintain its higher base near the 26000 mark. Options data for the December series highlights a firm put base in the 26000–25800 range, while resistance is gradually shifting toward 26500, indicating improving underlying sentiment. Overall, traders may continue to hold long positions as long as the 25940 support remains intact, with near-term upside targets placed at 26330 and 26500 for the week.

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Published on 04-12-2025 10:05 am

Nifty

Nifty opened on a flat note and traded with extreme volatility on either side to end on a negative note. Nifty closed at 25986 withalossof46points. On the daily chart the index has formed a small Bearish candle with shadows on either side indicating indecisiveness amongstparticipants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 26070 level it would witnessbuyingwhich would lead the index towards 26200-26300 levels. Important Supports for the day is around 25900 However if index sustainsbelow25900 then it may witness profit booking which would take the index towards 25800-25740 levels.

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