MARKET TRENDS:
Global cues: Positive
FII: (-1255.20 crores)
DII: (+3940.90 crores)
Sentiment: Bullish
Market Breadth: Positive
Technicals: Breakout Play.
F&O: 25500 – 26700 zone.
INDIA VIX 11.78 (-1.52%)
USD/INR Futures (December) (89.48)
NIFTY PCR (30th December) 1.23
Bank Nifty PCR (30th December) 1.17
Nifty Outlook: Bullish consolidation is quite likely as all eyes will be on India’s Friday’s GDP Growth Estimates for quarter ended September 30th, 2025
WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:
NIFTY (CMP 26216):
SUPPORT: 26113/25900
RESISTANCE: 26351/26750
RANGE: 26100-26400
BIAS: Positive
21 DMA: 25878
50 DMA: 25534
200 DMA: 245566
SENSEX (CMP 85720)
SUPPORT: 85300/84500
RESISTANCE: 86100/86900
RANGE: 85400-86300
BIAS: Positive
21 DMA: 84510
50 DMA: 83347
200 DMA: 80589
BANK NIFTY (CMP 59737)
SUPPORT: 59300/58650
RESISTANCE: 60100/60900
RANGE: 59300-60300
BIAS: Positive
21 DMA: 58525
50 DMA: 57211
200 DMA: 54690
Nifty: Nifty opened strong on Thursday, powered by momentum buying, before mild profit-taking capped the rally mid-session.
The index, however, still closed slightly above the flat line — a constructive sign.
Key Positive: Nifty clocked a fresh record high at 26,310.45, holding firmly above the 26,000 milestone — keeping the bullish undertone alive.
The Good News is that Nifty is well above its 21 DMA (25879), 50 DMA (25534) and its 100 DMA (25216). Nifty’s 200 DMA at 24566 mark.
Nifty’s hurdles seen 26277.35 mark.
The technical landscape suggests Nifty’s major support at 26113/25900 mark.
Nifty’s chart of the day suggests the structure remains bullish, with Nifty likely to trade with a positive bias. As long as the index holds above the 26,000–26,113 support corridor, dips may continue to attract buyers.
Bank Nifty: Bank Nifty (+1.20%) too marched higher from strength to strength as momentum buying was the preferred theme all thru the trading session. Bank Nifty ended in green with new all-time-high at 59866.60 mark.
Bank Nifty was seen outperforming Nifty’s rebounding action, ending 0.35% higher as against Nifty’s 0.04% gains.
Interestingly, Nifty PSU Banks ended 0.58% lower while Nifty Private Bank Index ended with 0.34% higher.
Intraday support for Bank Nifty now seen at 59300/58650/57158 mark mark on closing basis.
In today’s trade and in near term, Bank Nifty is likely to face resistance at 60100 mark. Bank Nifty’s 200-DMA is placed at 54690 mark. Bias on Bank Nifty continues to be Neutral.
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