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Below the Technical Forecast 17th December 2025 by Vaishali Parekh, Vice President - Technical Research at PL Capital

Forecast

NIFTY / SENSEX

Nifty once again witnessed a weak opening session and extended the losses as the day progressed with a gradual slide slipping below the 26000 zone to end near the 25850 zone, turning the bias into a slightly cautious mode. As mentioned earlier, the index would have important support near the 50EMA level at the 25750 zone, which needs to be sustained to keep the overall bias intact, and, on the upside, a close above the 26000 zone is necessary to establish conviction and thereafter to carry on with the positive move further ahead. Sensex witnessed some profit booking and once again is gripped between the range of 85300 and 84300 zones, with consolidation happening since the last 5-6 sessions, with bias getting slightly weaker, having the important support positioned near the 50 EMA level of the 84230 zone. The support for the day is seen at 25750 levels, while the resistance is seen at 26000 levels.

BANKNIFTY / BANKEX

Bank Nifty once again erased the gains witnessed in the previous session and closed near the 59000 level to continue with the consolidation and has been gripped between the tight range of the 58800 and 59600 zone for quite some time, which desperately needs a breakthrough on either side to confirm a directional move in the coming days. The index would need a barrier at the 59700 level, and on the downside, as mentioned earlier, the 58800 level is positioned as the important support level. Bankex succumbed to profit booking and plunged near the 65950 zone during the intraday session with bias weakening and sentiment turning into cautious mode, with the next major support zone lying near the 50EMA level of 65420. From the current rate, for the index to improve its bias, it would need to move past the level at the 67000 zone decisively and thereafter expect a further rise in the coming days. BankNifty would have the daily range of 58500-59600 levels.

Nifty / BankNifty / Sensex / Bankex - Daily Technical Levels

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