Short term - Technical Outlook

Nifty is poised to open with a mild positive bias around the 26,100–26,150 zone. The index has clearly resumed its higher-high, higher-low structure on the daily chart, with the latest bullish candle decisively reclaiming the 20-day EMA near 26,001 and reinforcing the rising trendline support. Momentum indicators are improving, with RSI recovering toward the 55–60 zone and MACD hinting at a potential bullish crossover as negative momentum fades. This leaves room for further upside. The 26,200–26,300 band remains a key resistance zone, having rejected prices multiple times in recent sessions. A decisive close above this region would confirm renewed strength and open the path toward 26,500–26,700 in the near term. On the downside, 26,000–25,900 continues to act as a strong demand zone, and intraday dips toward this region are likely to attract buying interest. Overall, the near-term outlook remains flat to mildly positive amid thin liquidity, maintaining a neutral-to-bullish bias as long as key supports are protected, setting a constructive backdrop for the start of 2026.
 

Short term Research Report Call

Buy Above: 26150 | Targets: 26200, 26250, 26300 | Stop-loss: 26000
Sell Below: 26000 | Targets: 25950, 25880, 25820 | Stop-loss: 26100

Short term Chart

Long term - Technical Outlook

Nifty continues to trade in a structural uptrend, supported by its position above major moving averages. On the higher side, 26,300-26,350 is emerging as a crucial resistance zone; a decisive breakout above this level could trigger further upside, opening the path toward 26,500 and potentially new lifetime highs. On the downside, strong support is identified in the 25,800–25,700 band, which is likely to act as a demand zone on pullbacks. However, a sustained breach of this support region may invite profit-booking and corrective pressure, dragging the index lower toward the 25,600 mark or even below. Overall, the technical setup favors the bulls as long as Nifty maintains strength above its support levels, with every dip presenting a buying opportunity until proven otherwise.

Long term Research Report Call
Buy Above: 26200 | Targets: 26260, 26300, 26350 | Stop-loss: 26000
Sell Below: 25900 | Targets: 25840, 25780, 25500 | Stop-loss: 26050
 

Long term Chart

Indian equity markets began the final trading session of 2025 on a flat and cautious note, shaped by extremely thin liquidity amid global New Year holidays, year-end position squaring, and persistent foreign institutional selling through the year. With several overseas markets either closed or operating on shortened hours, global cues remain scarce, keeping risk appetite subdued and price action largely range-bound. The session is expected to be marked by selective, stock-specific moves and mild sector rotation, with intermittent support from domestic institutional buying.  

Nifty

Nifty opened at  25,971, holding marginally above its previous close and continuing to defend the 25,900–25,880 support zone, which has repeatedly absorbed selling pressure in recent sessions. For today, 25,900 remains the immediate support, followed by a stronger base near 25,800, where recent swing lows and the 50-day moving average converge.

Fresh aggressive short positions offer a favourable risk–reward only below 25,830, with an initial downside target near 25,700 and a possible extension toward 25,300 if market breadth weakens materially. On the upside, 26,100–26,160 stands as the first resistance, while the 26,250–26,300 zone continues to act as a strong supply area, repeatedly attracting profit booking and short selling. Overall, the opening tone remains flat to mildly cautious, with a neutral short-term bias as long as key support levels continue to hold.

Bank Nifty

Bank Nifty is displaying relative stability at the open, trading above the 59,200 zone and maintaining mild outperformance versus the broader market. The 58,800–59,000 band remains a critical demand area and must be defended to avoid near-term downside pressure. 
On the upside, immediate resistance is seen at 59,100–59,250, followed by a stronger overhead supply zone at 59,400–59,500, where heavy call writing continues to cap rallies. A decisive move and close above 59,500 would be required to signal a bullish resumption, opening the door toward 59,800–60,000. For today, the intraday bias remains sideways to range-bound, with expected trading between 58,800 and 59,500.