Bank Nifty shows consolidation with a mildly bearish bias on December 29, 2025, trading around recent levels near 59,000 after closing at 59,011 on the prior session. Expect range-bound action unless it breaks key thresholds, influenced by global cues and option activity.
Key Levels
Immediate support lies at 58,800-58,650, with major support at 58,500-58,300. Resistance stands at 59,200-59,300, followed by 59,800-60,000.
Current Trend
Bank Nifty remains in a negative short-term trend, with highest call writing at 59,100 and put writing at 59,000 indicating capped upside. Dips toward 58,800-59,000 offer buying opportunities if holding above 58,500, but failure risks deeper correction.
Intraday Outlook
Buy above 59,100 targeting 59,300-59,450, with stop loss at 58,650. A dip to 58,600-58,300 could precede rebound toward 59,800 if support holds. Weakness persists below 58,800, favoring range-bound or bearish moves. SHREEJI FINANCE & INVESTMENT AHMEDABAD IMAGE CRATE
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