Technical Forecast 23rd December 2025 by Vaishali Parekh, Vice President - Technical Research at PL Capital
Below the Technical Forecast 23rd December 2025 by Vaishali Parekh, Vice President - Technical Research at PL Capital
Forecast
NIFTY / SENSEX
Nifty surged ahead with a strong gap-up opening above the 26000 zone and extended the gains as the day progressed ahead with a gradual rise, with bias and sentiment getting better with overall participation witnessed from the broader markets as well to anticipate a further upward move in the coming days. The index has sustained the strong support near the 50EMA level at the 25750 zone and, with a strong pullback indication, has a higher near-term target of the 26450 level, with the undertone maintained strong as of now. Sensex has continued with the positive move, gaining further and crossing the 85500 zone during the intraday, with bias and sentiment improving once again, with the broader markets showing signs of a positive move, anticipating a further rise in the coming days. The index would need a decisive close above the important hurdle of the all-time high level at 86200 to establish conviction, and thereafter, we can expect a fresh upward move with the 87500 level as the next immediate target. The support for the day is seen at 26050 levels, while the resistance is seen at 26350 levels.
BANKNIFTY / BANKEX
Bank Nifty extended the gains from the previous session, closing near the 59300 zone with bias improving, and we can expect a further rise in the coming days once a decisive breach above the 60000 zone is confirmed to establish conviction. With the trend maintained positive and sentiment overall improving, we can anticipate a further upward move, having targets of 61300 and 62700 levels in the coming days, with major support positioned near the 50EMA level at the 58500 zone. Bankex, after opening on a positive note, remained almost stagnant with narrow range movement to close in the green near the 66260 zone, with bias precariously placed, anxiously anticipating a pullback in the coming sessions. As said earlier, with the major support zone lying near the 50 EMA level of 65500, the index would need to breach above the level of the 67000 zone to establish conviction and expect a further rise in the coming days. Bank Nifty would have the daily range of 59000-59800 levels.
Nifty / BankNifty / Sensex / Bankex - Daily Technical Levels
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