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Below the Quote on Weekly Market Wrap 19th December 2025 by Amol Athawale, VP-Technical Research, Kotak Securities

In the last week, the benchmark indices witnessed roller-coaster activity. The Nifty ended 0.31 percent lower, while the Sensex was down by 343 points. Among sectors, the PSU Bank index gained 1.26 percent, whereas the Private Bank index lost the most, shedding over 1.38 percent. During the week, after a short-term correction, the market took support near the 50-day SMA (Simple Moving Average) and reversed. Technically, on daily and intraday charts, the market is witnessing non-directional activity, which is indicating indecisiveness between the bulls and bears.

We believe that the current market texture is range bound. For the bulls now, 26,000/85000 would act as an immediate breakout zone. If it succeeds in trading above this level, then it could rally to 26,200/85600. Further upside may also continue, potentially lifting the index up to 26,300–26,350/85900-86100. On the flip side, 25,850/84500 would act as a key support zone for traders. Below this level, the market could retest 25,700–25,600/84000-83700.

For Bank Nifty, the key support zones are 58,700 and the 50-day SMA, around 58,470. As long as it trades above these levels, the bullish sentiment is likely to continue. On the higher side, 59,700–60,000 could be immediate resistance areas for traders. However, if it falls below the 50-day SMA or 58,470, the uptrend would become vulnerable.

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