IGI Logo

Below the Technical View on Daily Market Commentary 29th December 2025 by Hrishikesh Yedve, Asit C. Mehta Investment Interrmediates Ltd

“The Nifty index started the day on a flat note, witnessed continued selling pressure, and eventually settled on a negative note at 25,942. On the daily chart, Nifty has formed a red candle, indicating weakness. However, on the downside, the 50-DEMA is placed near 25,830, while trendline support is located near the 25,800 level. Thus, the 25,800–25,830 zone will serve as a strong demand area for the index in the short term. On the upside, 26,200 and 26,325 will act as stiff resistance levels in the short term. Overall, as long as the index holds above 25,800, it is likely to consolidate within the 25,800–26,325 range in the short term.

The Bank Nifty index opened on a flat note, witnessed volatility on both sides, and settled on a negative note at 58,932. Technically, on the daily chart, Bank Nifty has formed a small red candle with shadows on either side, indicating short-term uncertainty. On the upside, 59,800 and 60,115 will act as short-term hurdles, while the 58,700–58,800 zone will act as a demand area. Therefore, short-term traders are advised to adopt a buy-near-support and sell-near-resistance approach."

Above views are of the author and not of the website kindly read disclaimer