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Below the Quote on Market Wrap 22nd December 2025 by Shrikant Chouhan, Kotak Securities

Today, the benchmark indices witnessed a promising rally. The Nifty ended 206 points  higher, while the Sensex was up by 638 points. Among sectors, almost all the major sectoral indices traded in positive territory, but the Defence index outperformed today, rallying over 3 percent. Technically, after a gap-up open, the market maintained positive momentum throughout the day. On daily charts, it has formed a long bullish candle and closed above the 20-day SMA (Simple Moving Average), which is largely positive.

We are of the view that the short-term market texture is bullish, but buy on intraday dips and sell on rallies would be the ideal strategy for day traders. On the downside, 26,100/85300 and 26,050/85000 would act as key support zones, while 26,200/85700 would serve as an immediate resistance zone for the bulls. A successful breakout above 26,200/85700 could push the market towards 26,320–26,350/86000-86200. However, below 26,050/85000, the uptrend would become vulnerable.

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