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Published on 24-12-2025 10:26 am

GEPL DATA POINTS: We observed a long build-up in Nifty futures along with long positions in Call options and short build-up in Put options, indicating strengthening bullish sentiment in the index. The highest Open Interest is concentrated at the 26,200 strike on both the Call and Put sides, at around 1.65 lakh and 2.36 lakh contracts respectively, highlighting it as a key pivot level. Based on the current derivative positioning, Nifty is likely to trade within a broader range of 26,130–26,330. A decisive breakout beyond this range is required to trigger a clear directional move in the index.

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Published on 24-12-2025 10:24 am

Market Outlook

The Nifty 50 index closed at 26,177, encountering selling pressure near the 26,250 level. However, it successfully held above the 26,100 mark, which continues to act as an immediate support zone. On the daily chart, index maintained a positive bias for the upcoming sessions with a cautious approach, as the index is trading near its record highs. Derivatives data for the monthly expiry indicates significant OI buildup at the 26,200 strike in both Call and Put options, highlighting a tug of war between bulls and bears at this level.

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Published on 24-12-2025 10:13 am

Technical Chart Pattern for the Day

Nifty : Option Data

* Maximum Call OI is at 26200 then 26500 strike while Maximum Put OI is at 26000 then 26200 strike.

* Call writing is seen at 26200 then 26500 strike while Put writing is seen at 26200 then 26000 strike.

* Option data suggests a broader trading range in between 25800 to 26500 zones while an immediate range between 26000 to 26300 levels

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Published on 24-12-2025 10:11 am

Sensex Technical Outlook

SENSEX (CMP : 85524)

Sensex support is at 85300 then 85000 zones while resistance at 85900 then 86159 zones. Now it has to hold above 85400 zone for an upside move towards 85900 then previous lifetime high of 86159 while supports are shifting higher at 85300 then 85000 zones.

Midcap100 Index Technical Outlook

* Surpassed above 50 DEMA and formed a small bodied candle.

Smallcap250 Index Technical Outlook

* Bounce up from support zones and surpassed above 20 DEMA.

U.S. Dollar Index (DXY)

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Published on 24-12-2025 10:11 am

Nifty Technical Outlook

NIFTY (CMP : 26177)

Nifty immediate support is at 26050 then 25950 zones while resistance at 26250 then 26325 zones. Now it has to continue to hold above 26150 zones for an up move towards 26250 then 26325 zones while supports can be seen at 26050 then 25950 zones.

Bank Nifty Technical Outlook

BANK NIFTY (CMP : 59299)

Bank Nifty support is at 59000 then 58750 zones while resistance at 59500 then 59750 zones. Now it has to hold above 59250 zones for a bounce towards 59500 then 59750 zones while on the downside support is seen at 59000 then 58750 levels.

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