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Below the Quote on Pre-Market Comment 26th December 2025 by Aakash Shah, Technical Research Analyst, Choice Broking Ltd

Indian equity markets are expected to open on a cautious to mildly negative note on Friday as trading resumes after the Christmas holiday. GIFT Nifty indicates a lower start, down around 60 points, hinting at early profit-booking after recent gains. Global cues are mixed, with Asian markets trading steady and U.S. futures slightly subdued, leading to a measured risk appetite at the open. Stability in the Indian rupee and the absence of aggressive FII selling continue to provide underlying support to domestic sentiment, keeping the broader outlook constructive

The Nifty 50 remains technically well-placed as it continues to trade above its short-term moving averages, indicating underlying strength despite near-term consolidation. The index has formed a higher-base structure on the daily chart, suggesting that dips are likely to attract buying interest. Immediate support is seen at 25,950–26,000, below which the next support is placed near 25,850. On the upside, 26,250–26,300 remains a crucial resistance zone; a sustained breakout above this level could trigger a fresh leg of upside toward 26,350–26,500.

Bank Nifty is consolidating after a recent up-move and continues to respect its support trendline. The index holds support at 58,800–58,900, while resistance is placed at 59,400–59,500. A decisive close above resistance may lead to a move toward 60,000, whereas a breakdown could keep the index range-bound.

India VIX continues to trade near multi-month lows, reflecting very low volatility and suggesting limited intraday swings. This environment favors range-bound trading and buy-on-dips strategies, with strict stop-losses advised amid thin holiday volumes and year-end positioning.

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