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Below the Technical View on Daily Market Commentary 24th December 2025 by Hrishikesh Yedve, AVP Technical and Derivative Research, Asit C. Mehta Investment Interrmediates Ltd

"The Nifty index began the day on a flat note, witnessed range-bound consolidation, and eventually settled on a negative note at 26,142. Technically, on the daily chart, Nifty formed a shooting star candle, reflecting selling pressure at higher levels. The next major hurdle for the index is placed in the 26,250–26,325 zone, while immediate support is seen near the 26,050 level, followed by 25,990, where the bullish gap support is placed. Thus, the index is likely to consolidate in the 25,990–26,325 band in the short term, and traders are advised to maintain a stock-specific approach.

The Bank Nifty index opened on a flat note, witnessed selling pressure, and settled on a negative note at 59,184. Technically, on the daily chart, the Bank Nifty index has formed a red candle with a long upper shadow, reflecting selling pressure at higher levels. On the downside, the index has formed a good base around 58,800, while major resistance is placed near the 59,550 level. An eventual breakout on either side of this consolidation range is likely to set up the next directional move for the index."

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