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Below the Quote on Market Wrap 18th December 2025 by Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd

"Markets traded with a cautious bias and ended flat, extending the ongoing consolidation phase. After a muted start, the Nifty attempted a recovery during the first half of the session but failed to sustain higher levels and gradually drifted lower as the day progressed, eventually settling at 25,815.55. Sectoral trends remained mixed, with selling pressure evident in energy, auto and pharma, while IT showed strength and financials and metals witnessed selective participation. The broader markets also remained volatile but managed to close on a flat note, reflecting selective market participation.

Sentiment continued to be influenced by global cues and currency-related concerns, which kept traders cautious. While intermittent buying was seen in select index heavyweights on a rotational basis, it was insufficient to drive a decisive directional move. Overall activity remained stock-specific, with participants preferring selective opportunities over broad-based exposure.

From a technical perspective, the Nifty has managed to hold the crucial support near the previous swing low around 25,700, which remains a key level to monitor in the coming session, as a breakdown could lead to further correction. On the upside, the short-term moving average, the 20-DEMA, continues to act as an immediate hurdle around 25,950, and a sustained move above this level will be essential for the next leg of the up move. Given the prevailing choppiness and absence of strong triggers, stock-specific trading approach remains advisable, with an emphasis on disciplined risk management and controlled position sizing."

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