Short term - Technical Outlook

Nifty 50 remains in a mild short-term corrective phase, forming a sequence of lower highs and lower lows on the daily chart, reflecting cooling momentum after recent profit-taking. The key demand zone is placed at 25,800–25,900, reinforced by the 50-day EMA and a rising trendline connecting recent swing lows. Tuesday's session printed a neutral doji precisely at this trendline, highlighting indecision but also early signs of stabilisation. As long as this support zone holds, the near-term bias remains neutral, with scope for a modest rebound towards 26,050–26,100. On the upside, 26,150–26,200 continues to act as a firm supply zone; only a decisive close above this band would revive bullish momentum and open the path towards 26,300. A sustained break below 25,900, however, could extend the corrective move towards 25,800–25,700.
 

Short term Research Report Call

Buy Above: 26000 | Targets: 26050, 26100, 26150 | Stop-loss: 25900
Sell Below: 25900 | Targets: 25820, 25750, 25700 | Stop-loss: 26000

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.