Quote on Pre-Market Comment 12th December 2025 by Aakash Shah, Technical Research Analyst, Choice Broking Ltd
Below the Quote on Pre-Market Comment 12th December 2025 by Aakash Shah, Technical Research Analyst, Choice Broking Ltd
"Indian markets may witness a steady start today, with GIFT Nifty indicating a mildly positive bias around the 26,140 zone. Sentiment remains supported by global stability following the recent US Fed rate cut and easing crude oil prices, although foreign fund outflows and rupee weakness keep traders somewhat cautious. The broader setup suggests a continuation of range-bound movement unless a clear breakout emerges.
For the Nifty 50, the index reclaimed momentum yesterday after a three-session decline. Immediate support now lies around 25,750–25,800, and deeper support is positioned near 25,500. On the upside, resistance is expected around 26,000–26,050. Sustained trade above 26,050 may encourage further buying, potentially driving the index toward 26,300. Until then, intraday swings may remain contained.
The Bank Nifty also looks set for a sideways-to-slightly positive open. Key support is seen near 58,900–59,000, while resistance is placed around 59,500, followed by the psychological 60,000 level. A decisive move above 59,500 could open the path toward 60,000–60,200, but failure to hold 59,000 may lead to consolidation.
Volatility remains subdued, with India VIX hovering in the low-teen range, suggesting controlled intraday movement and a favorable environment for tactical trading rather than aggressive positioning.
Given the backdrop, a buy-on-dips approach remains appropriate. Traders may consider accumulating positions near support zones on both indices while keeping tight stop-losses. Booking partial profits near resistance levels is prudent amid the prevailing range-bound structure."
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