Technical View on Daily Market Commentary 26th December 2025 by Hrishikesh Yedve, Asit C. Mehta Investment Interrmediates Ltd
Below the Technical View on Daily Market Commentary 26th December 2025 by Hrishikesh Yedve, Asit C. Mehta Investment Interrmediates Ltd
“Nifty index began the day on a flat note, remained under pressure throughout the session, and eventually settled on a negative note at 26,042. On the daily chart, Nifty has formed a red candle followed by a shooting star, indicating selling pressure at higher levels, while on the weekly chart the index has formed a Doji candle, highlighting near-term uncertainty. The major hurdle for the index is placed in the 26,250–26,325 zone, while immediate support is seen near the 25,990 level, where the bullish gap support is placed. A firm break below 25,990 could drag the Nifty towards the 25,820–25,700 zone, which coincides with the next major demand area. In the near term, the index is likely to consolidate within the 25,700–26,325 band, and traders are advised to adopt a stock-specific approach rather than aggressive index-based positions.
Bank Nifty index opened on a negative note, witnessed range-bound consolidation, and settled on a negative note at 59,011. On both the daily and weekly charts, the index has formed a small red candle, reflecting persistent selling pressure at higher levels. On the downside, the index has formed a good base in the 58,700–58,800 zone, while major resistance is placed near the 59,550 level. An eventual breakout on either side of this consolidation range is likely to set the stage for the next directional move in the index.",
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