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Below the Quote on Pre-Market Comment 17th December 2025 by Aakash Shah, Technical Research Analyst, Choice Broking Ltd

Indian equity markets are expected to open Wednesday’s session on a cautious and subdued note, tracking mixed global cues and continued pressure from foreign institutional selling. GIFT Nifty indicates a flat-to-mildly weak start near the 25,950 zone. Persistent FII outflows, weakness in the Indian rupee against the US dollar, and muted global risk appetite are likely to keep sentiments fragile despite stable domestic fundamentals.

For the Nifty 50, the index continues to trade under pressure after failing to reclaim higher levels in recent sessions. The near-term trend remains sideways to negative as the index is trading below key short-term moving averages. Immediate support is placed around 25,700, and a breakdown below this level could lead to further consolidation toward 25,600–25,550. On the upside, resistance is seen at 26,000–26,050, which remains a crucial hurdle. A sustained close above this zone is required to stabilise sentiment and revive short-term bullish momentum. Until then, the index is likely to remain range-bound with a cautious bias.

The Bank Nifty is also expected to remain under pressure. Immediate support lies at 58,800, followed by 58,700. On the higher side, resistance is placed around 59,300–59,400. Only a decisive move above this resistance band could improve sentiment and open the door for a move toward 60,000. Failure to hold the 58,700 level may invite further consolidation.

Market volatility remains moderate, with India VIX staying in the low-to-mid teen range, indicating controlled intraday swings. Traders are advised to adopt a buy-on-dips strategy strictly near support levels, maintain tight stop-losses, and avoid aggressive long positions until key resistance levels are decisively breached.

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