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Below the Technical View on Daily Market Commentary 30th December 2025 by Hrishikesh Yedve, 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 flat note at 25,939. Technically, on the daily chart, Nifty has formed a Doji candle near the 50-DEMA support, indicating buying interest at lower levels. The major hurdle for the index is placed in the 26,250–26,325 zone, while immediate support is seen near the 25,835 level, where the 50-DEMA support lies. If the index manages to defend the 25,835 level, it could once again test the 26,200–26,300 range. Thus, short-term traders are advised to adopt a ‘buy-on-dips’ strategy as long as the index holds above 25,835.

The Bank Nifty index opened on a negative note, witnessed strong buying after initial volatility, and settled on a bullish note at 59,171. Technically, on the daily chart, the index has formed a bullish engulfing candlestick pattern near the 50-DSMA support, reflecting underlying strength. On the upside, major resistance is placed near the 59,550 level, while the support base lies in the 58,700–58,800 zone. As long as Bank Nifty holds above 58,700, short-term traders are advised to continue with a ‘buy-on-dips’ strategy."

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