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Below the Technical Forecast 24th December 2025 by Vaishali Parekh, Vice President - Technical Research at PL Capital

Forecast

NIFTY / SENSEX

Nifty, after the 3 consecutive strong sessions, takes a breather near the 26200 zone and remains rangebound within a narrow band for the entire session to close on a flat note with bias and sentiment maintained intact with an optimistic approach. As mentioned earlier in our report, the index would have the important and crucial support near the 50EMA level at the 25800 zone, and on the upside, the near-term target expected is around the long-term trendline zone at the 25450 level. SENSEX witnessed a sluggish session with a range-bound movement gripped between the 85700 and 85300 zones for the entire session to end almost on a flat note. The index has a major support positioned near the 20DMA level of 85150, as mentioned earlier, and on the upside, it would desperately need a decisive breach above the 86200 zone to expect further upside movement in the coming days. The support for the day is seen at 26050 levels, while the resistance is seen at 26300 levels.

BANKNIFTY / BANKEX

BankNifty witnessed a sluggish lack lustre session with a narrow rangebound movement to end on a flat note near the 59300 zone. The index overall is having a consolidation period with the support maintained strong near the 58700 zone and on the upside a decisive breach above the 59800 level is necessary to establish conviction and trigger for fresh upward move in the coming days having targets of 61300 and 62700 levels expected. Bankex witnessed a sluggish and narrow range-bound session overall, indicating a gradual rise in the last few sessions but lacking conviction and a clear directional move. As we have been mentioning, the index would need a decisive move past the 20DMA level of 66450 to overall improve the bias. Bank Nifty would have the daily range of 59000- 59800 levels.

Nifty / BankNifty / Sensex / Bankex - Daily Technical Levels

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