The Index can short at 25950 for the potential target of 25800 the stop loss of 26050 level - GEPL Capital Ltd
Market News:
* Tata Power Renewable Energy Ltd has signed an MoU with the Bengal Chamber of Commerce and Industry (BCC&I) to accelerate rooftop solar adoption among MSMEs across West Bengal.
* Cupid Ltd’s board has approved the setting up of a new FMCG manufacturing facility in Saudi Arabia. TVS Motor Co has signed an MoU with Manba Finance to provide retail financing solutions for its commercial mobility portfolio
Technical Summary:
The index started the session on a soft footing and remained highly volatile amid the December 2025 monthly expiry, reflecting active position unwinding and rollover-related swings. Despite early pressure, buyers stepped in at lower levels, leading to the formation of a bullish candlestick with a long lower wick on the daily chart—a clear sign of demand emerging on declines. The index also managed to close above the previous day’s close, suggesting short- term stability despite intraday fluctuations. On the sectoral front, Metal and PSU Bank stocks attracted strong buying interest, providing support to the broader market, while Tourism and Consumer Durables witnessed profit booking and closed in the red. Overall, the price action points to resilience at lower levels, though volatility is likely to remain elevated in the near term.
Levels to watch:
The Nifty has its crucial resistance 26080 (Multiple Touches) and 26200 (Key Resistance). While support on the downside is placed at 25900 (Multiple Touches) and 25800 (Key Support).
What should short term traders expect?
The Index can short at 25950 for the potential target of 25800 the stop loss of 26050 level.
Technical Data Points
NIFTY SPOT: 25969 (0.11%)
TRADING ZONE:
Resistance: 26080 (Multiple Touches) and 26200 (Key Resistance).
Support: 25900 (Multiple Touches) and 25800 (Key Support).
STRATEGY: Bullish till above 25900 (Multiple Touches).
BANK NIFTY SPOT: 59253 (0.55%)
TRADING ZONE:
Resistance: 59500 (Multiple Touches) / 59800 (Key Resistance)
Support: 58800 (Pivot Level) / 58500 (Key Support)
STRATEGY: 58800 (Pivot Level) / 58500 (Key Support)
SEBI Registration number is INH000000081.
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