Nifty & Bank Nifty Weekly Outllok 21st December 2025 by Choice Broking
NIFTY WEEKLY OUTLOOK
The Nifty index witnessed notable volatility last week, registering a high of 26,047.15, after which profit-booking emerged from higher levels, leading to a brief corrective phase. The decline extended toward a weekly low of 25,726.30, where the index found strong buying support within the 25,700–25,800 demand zone. Following this pullback, Nifty displayed resilience and staged a steady recovery in the latter part of the week, eventually closing at 25,966.40. This price action highlights renewed buying interest near key support zones and suggests that the broader trend remains intact despite short-term consolidation. The index continues to trade above key moving averages—the 20-day, 50-day, and 200-day EMAs—reinforcing the broader bullish undertone.
As long as it sustains above these levels, market sentiment is expected to remain constructive and upward-biased. On the upside, immediate resistance is placed at 26,000, followed by 26,200 and 26,400. On the downside, support is seen at 25,900 and then 25,800, with a break below 25,700 likely to attract additional selling pressure. Given the current market structure, a buy-on-dips strategy remains appropriate, though traders should maintain strict stop-losses due to prevailing volatility.
Support Levels:- 25900-25700
Resistance Levels :- 26200-26400
Overall Bias :- Sideways To Bullish
BANKNIFTY WEEKLY OUTLOOK
Bank Nifty started the week on a positive note, moving higher and registering a weekly high of 59,533, closing the first session in the green. However, profit-booking emerged at elevated levels, leading to selling pressure over the next two consecutive sessions. This weakness dragged the index to a weekly low of 58,712.70, where strong buying interest was observed near the demand zone.
From these lower levels, Bank Nifty staged a sharp recovery and managed to close the week at 59,069.20, highlighting renewed buying interest and resilience near key support levels. On the weekly chart, the index has formed a Doji candlestick pattern, reflecting indecision between bulls and bears after the recent up-move and indicating the possibility of short-term consolidation.
Technically, Bank Nifty continues to trade comfortably above its 50-day, 100-day, and 200-day EMAs, reinforcing a structurally positive setup and keeping the broader trend intact. On the downside, a decisive break below 58,700 could trigger a deeper correction toward 58,500–58,5300, with further weakness possible if selling pressure intensifies. On the upside, immediate resistance is placed at 59,250, followed by 59,500 and 59,800. A convincing close above 59,500 would strengthen bullish momentum and open the door for further upside, while failure to sustain above this level may lead to range-bound movement or mild profit-booking.
Given the current setup, traders are advised to remain constructive but disciplined, closely tracking 58,700 as a crucial support and 59,500 as the key resistance for near-term directional cues.
Support: 58,700 – 58,500
Resistance: 59,500 – 59,800
Bias: Sideways to Bullish
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